Funding Circle US Lays Off 120 Employees

| By:

Funding Circle US laid off 120 employees yesterday, according to a post shared by Ryan Metcalf, Head of U.S. Regulatory Affairs and Social Impact.

Reuters reported that the company will also centralize its technology development in the UK rather than have a separate US team going forward.

The US operation had largely been focusing on PPP lending and SBA 7(a) loans since the shutdowns occurred.

The announcement coincided with its UK business being approved to participate in the Bounce Back Loan Scheme.

Last modified: July 9, 2020

Category: Business Lending

Home Business Lending › Funding Circle US Lays Off 120 Employees

    Central Diligence Group

    Global Funding Experts

    One Percent Ventures

    Thor Capital Group

    The Smarter Merchant

    Amerifi Capital

    Unique Funding Solutions

    Key Capital Group

    Total Merchant Resources

    Hunter Caroline

    AMA Recovery

    Smart Business Funding

    Legacy Capital Group

    Infusion Capital Group

    Queen Funding


    South End Capital

    Accord Business Funding

    Vox Funding

    Forward Financing

    ROC Funding Group



    Pearl Capital

    Avanza Capital

    Wynwood Capital Group

    Banana Exchange