Funding Circle chief Lisa Jacobs: Lending through a crisis – and looking toward the US INTerview 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 Funding Circle 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 Funding Circle CEO to step down after over a decade 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 [...]
Covid support scheme lands Funding Circle record loans under management March 25, 2021 The number of loans under management at lending platform Funding Circle hit a record in 2020, with the firm’s involvement in the Covid support scheme giving a boost to the business. In 2020 Funding Circle achieved record loans under management of £4.21bn, up from £3.73bn in 2019 – a 13 per cent increase. The lender [...]