Funding Circle US Originated $259M in 1st Half of 2023

| By:

Funding Circle WebFunding Circle’s US arm originated $259M worth of business loans in the first half of 2023, up from $214M in the previous half. Those loans are funded “through forward flow agreements with institutional investors.”

The company’s recently filed financial statements say that US loans are “showing good growth.” And it’s with top tier borrowers to boot. It referred to 32% of its first half loans as being “super prime.”

AEBITDA was negative but that’s due to its planned investment to scale the business, the company said.

Yields on their US Loans averaged 5.8%, up from 4.4% over the same period last year.

The company’s newer product “Flexipay” was highly touted in its first half financials. Flexipay works like a line of credit. Once approved for a line, you provide invoice details to Funding Circle and they’ll make a secure payment in your name.

“We’ve seen good growth in US Loans and FlexiPay is showing great momentum as we expand our offering to access a larger market and serve more of our customers’ needs,” said company CEO Lisa Jacobs.

Last modified: September 7, 2023

Category: Business Lending

Home Business Lending › Funding Circle US Originated $259M in 1st Half of 2023

    Vox Funding

    CFG Merchant Solutions


    Accord Business Funding

    Fenix Capital Funding

    ROK Financial

    Fresh Funding


    The Smarter Merchant

    Big Think Capital

    South End Capital

    Merchant Financing Leads


    Spartan Capital



    Global Funding Experts


    SOS Capital

    National Funding


    Total Merchant Resources

    Paz Funding Source

    Unique Funding Solutions

    Smart Business Funding

    Splash Advance

    Velocity Capital Group