Funding Circle Originated $377M of US Loans in First Two Quarters of 2019
Funding Circle originated $377M of loans in the US in the first six months of 2019, according to their latest public report. The company said that “growth was proactively controlled” and that they tightened higher risk band lending and increased prices. They’ve now loaned more than $2B cumulatively in the US since inception and their growth is being led by “new borrowers” that are being lured away from traditional lenders.
Funding Circle still lags behind PayPal, OnDeck, Kabbage, Square Capital, and Amazon in the US in loan origination volume, according to the deBanked small business finance rankings. Its closest competitors by volume are BlueVine, National Funding, and Kapitus.Last modified: August 8, 2019