How this stockpicker helped triple the value of Funding Circle Investing Funding Circle has been through a rough few years. After floating with a value of close to £1.5bn in 2018, share prices rapidly declined, with its market cap reaching as low as £125m in January of this year. That was when Richard Staveley, portfolio manager of Rockwood Strategic Investment Trust, began looking at the company, [...]
Funding Circle co-founder to step down from lender’s board Fintech The co-founder and former chief executive of small business lender Funding Circle has said he will step down from the company's board next month.
Funding Circle shares soar as lender swings to unexpected profit Fintech Funding Circle swung to an unexpected profit in the first half of 2024 and raised its guidance for the full year as the small business lender looks to boost its flagging share price.
Funding Circle offloads US business for £33m in bid to stem losses June 25, 2024 Small business lender Funding Circle has struck a deal to sell its US arm to Florida-based iBusiness Funding for £33m as it looks to stem losses and boost its struggling share price.
Funding Circle: Fintech to cut 120 jobs as finance chief steps down May 29, 2024 Small business lender Funding Circle plans to cut around 120 jobs as part of efforts to reduce costs and boost its flagging share price. It also announced the departure of its finance chief.
Brent Hoberman launches PR agency for founders of fast growing start ups May 16, 2024 Hoberman's Founders Forum Group, which he co-founded in 2005 and is now executive chair of, has invested in the new business
Funding Circle looks to offload US arm and kicks off share buyback as losses deepen March 7, 2024 Fintech firm Funding Circle kicked off a £25m share buyback programme today and said it was looking to offload its loss-making US division in the hope of stemming losses and boosting its flagging share, the firm has announced.
Funding Circle chief Lisa Jacobs: Lending through a crisis – and looking toward the US September 14, 2023 It’s not been a quiet few years for small business lenders. When covid struck in 2020, a host of non-banks found themselves thrust into the public consciousness alongside the big High Street lenders as small companies scrambled for a cash lifeline through lockdowns. The reception was a largely positive one; some even took on something [...]
Funding Circle slashes guidance as profits tumble September 8, 2022 Lending platform Funding Circle slashed its guidance for the year today as it reported a plunge in profits to £1.6m in the six months to June.
Funding Circle CEO to step down after over a decade September 9, 2021 Funding Circle’s CEO Samir Desai CBE will step down next year and be succeeded by managing director Lisa Jacobs, the funding platform said in an announcement today. Desai will step back as chief executive officer of the lender in January 2022, after 12 years in the position. He will transition to a new role as [...]