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UNIS:FUN, Dec 11, 04:53 UTC

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Funding Circle (FCH) Rating Reiterated by Numis Securities – Fairfield Current

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Funding Circle (FCH) Rating Reiterated by Numis Securities – Fairfield Current. Funding Circle (LON:FCH)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities in a research report issued on Friday. Funding Circle Holdings Limited, through its subsidiaries, provides online lending platforms in the United Kingdom, the United States, Germany, and the Netherlands. Its platforms allow investors, such as retail investors, banks, asset management companies, insurance companies, and government-backed entities and funds to provide business loans for small and medium sized businesses.

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fairfieldcurrent.com
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DIRECTOR DEALINGS: Funding Circle Non-Exec Buys...

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DIRECTOR DEALINGS: Funding Circle Non-Exec Buys GBP53,000 In Shares. LONDON (Alliance News) - Funding Circle Holdings PLC said Monday that Non-Executive Director ... LONDON (Alliance News) - Funding Circle Holdings PLC said Monday that Non-Executive Director Geeta Gopalan bought 13,216 shares in the company on Friday. Gopalan acquired the shares at 401.02 pence each for GBP52,996. The director's total stake in the firm following the deal was not disclosed. Funding Circle shares closed down 0.5% at 395.94p on Monday. By Elena Cherubini; elenacherubini@alliancenews.com. Copyright 2018 Alliance News Limited. All Rights Reserved.

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morningstar.co.uk
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Funding Circle prepares overseas target shortlist

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FUNDING Circle has a shortlist of five countries it is interested in expanding into, its chief strategy officer has revealed. The peer-to-peer business lending giant already operates in the UK, the US, the Netherlands and Germany. But Lisa Jacobs (pictured), chief strategy officer at Funding Circle, told Peer2Peer Finance News that the firm is now considering new geographies. She said there are four factors that Funding Circle considers when entering new markets: demand for small- and medium-sized enterprise (SME) borrowing; investor sentiment; operational complexity including the regulatory environment; and credit data availability. Within its home market, Funding Circle is not focusing on any specific regions or sectors, Jacobs said. However, she added that the platform’s data is “automatically indexing” to areas where banks have pulled away such as the north east and north west of England.

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p2pfinancenews.co.uk
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UK SMEs encouraged by Waterfall’s £1 bn investment in Funding Circle

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UK SMEs encouraged by Waterfall’s £1 bn investment in Funding Circle. Small business loans platform, Funding Circle has announced that Funding Circle UK and Waterfall Asset Management, have entered into a strategic partnership to support the growth of UK small businesses. Waterfall Asset Management, a US-based investment advisor focused on High Yield Asset Backed Security (ABS) and loan investments will invest in £1 billion of loans originated through Funding Circle’s UK platform over the next two years. Waterfall’s investment, partially funded by Deutsche Bank will establish Waterfall in Funding Circle’s diverse group of investors that comprises of 85,000 individuals, the British Business Bank, the European Investment Bank, and pension funds and insurance companies.

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ibsintelligence.com
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Friday, December 07


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Hedge Fund Boosts U.K. Bet With $1.3 Billion Funding Circle Deal

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Dec 07 2018, 2:51 PMDec 07 2018, 4:35 PMDecember 07 2018, 2:51 PMDecember 07 2018, 4:35 PM. (Bloomberg) -- Amid warnings from politicians and central bankers of potential economic damage from Britain’s exit from the European Union, a New York investor is betting all’s well with the country’s small businesses. Waterfall Asset Management, a credit-focused hedge fund with $7.3 billion in assets, plans to fund 1 billion pounds ($1.28 billion) of loans to small and medium-sized U.K. companies via Funding Circle Holdings Plc, according to a statement on Friday. A Bank of England analysis outlining a worst-case scenario for a no-deal Brexit has warned of an economy shrinking 8 percent, property prices plunging almost a third and the pound losing a quarter of its value. However, the central bank’s former governor Mervyn King said the study used assumptions that weren’t plausible.

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bloombergquint.com
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Thursday, December 06


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Funding Circle to enter FTSE 250 less than three months after IPO

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FUNDING Circle is set to enter the FTSE 250 index less than three months after listing on the London Stock Exchange. The peer-to-peer business lender has been promoted as part of the latest quarterly reshuffle that will see well-known brands such as AA and Thomas Cook Group exit the FTSE 250. The car insurance provider and the travel company now have a market capitalisation of around £530m each, but Funding Circle has a valuation of £1.3bn and joins other newly-listed companies such as Aston Martin and the Smithson Investment Trust in getting promoted. The P2P firm’s share price recovered later that day, rising to 385p. Aston Martin, which floated around the same time at Funding Circle, had a similarly shaky start, which is thought to have been due to wider market jitters relating to Brexit.

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p2pfinancenews.co.uk
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Funding Circle among winners of Open Banking competition

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Peer-to-peer business lender Funding Circle is joined by five other winners: small- and medium-sized enterprise (SME) finance aggregator Funding Options, business current account Coconut, cashflow management software Fluidly, banking products comparison service OpenWrks and SME funding comparison site Swoop. The Open Up Challenge is backed by the Competition and Markets Authority (CMA) with funding from eight of the UK’s largest providers of SME banking – Barclays, HSBC, Lloyds Banking Group, RBS, Santander, AIB Group UK, Bank of Ireland UK and Danske Bank. “The Open Up Challenge is proof that ambitious, well-designed regulatory reform can be a driving force for innovation that puts real solutions in the hands of small businesses,” said Chris Gorst, challenge prize lead at Nesta. “We have seen some extremely innovative ideas as part of this competition, which we believe will help drive further improvements in small business banking and go to the heart of what we wanted to achieve when we set up this competition,” said Bill Roberts, head of Open Banking at the CMA.

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p2pfinancenews.co.uk
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  • Financial
  • Science

Monday, December 03


News

Funding Circle on hunt for property finance expert to boost broker network

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Funding Circle on hunt for property finance expert to boost broker network. FUNDING Circle is looking to build relationships with commercial property finance brokers in order to find new borrowers for its unsecured business loans product. “Our exciting and high-performing broker sales channel needs an accomplished BDM to build new relationships with commercial property finance brokers and help them position unsecured business loans alongside their traditional product range,” Funding Circle said in a jobs ad. A Funding Circle spokesperson confirmed to Peer2Peer Finance News that this is not a change in focus for the business, but simply a way to access new clients for its existing unsecured business loans product by reaching even more small businesses in the UK.

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p2pfinancenews.co.uk
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  • Financial

Thursday, November 29


News

Funding Circle launches Android app

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FUNDING Circle has launched an Android mobile app for its investors. “The Android app will allow you to keep track of your Funding Circle account while you are on the go,” said Funding Circle in a blog post on its website. Investors will be able to check how their portfolio is performing and view their account summary on the app. However, they will currently need to use their desktop device to add funds to their account or change their lending options. Its customers have in the past asked on Funding Circle’s customer support page about whether an Android app would be launched. As Peer2Peer Finance News reported in February, Funding Circle was on the hunt for new staff to expand its presence in the mobile apps space.

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p2pfinancenews.co.uk
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Wednesday, November 28


News

British Business Bank Announces New Commitment With Funding Circle SME Income Fund Limited

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British Business Bank also reported the new facility will provide senior financing to a transaction with the Funding Circle SME Income Fund Limited (FCIF), a publicly traded fund that lends exclusively through Funding Circle. It was revealed that since March 2013, £165 million has been lent directly to the small business ecosystem through Funding Circle using the British Business Bank’s programmes, earning around £10 million in cumulative net interest for the taxpayer. A key part of this is ensuring that growing businesses can access the right finance for their needs, from a range of sources and this British Business Bank commitment through Funding Circle will give small businesses across the country the option of peer-to-peer lending to help them realise their full potential.”. The UK Government, through the Bank, has been a pioneer of innovation within the FinTech industry and we look forward to continuing to work together to support the growth ambitions of even more small businesses across the country.”.

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crowdfundinsider.com
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  • Financial