Funding Circle
FOUNDING YEAR: 2010
LOCATION: United Kingdom
Last Update: 19/01/2021
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MEDICI Analysis
Funding Circle is one of the leading online marketplace lender exclusively focused on small business. It was created with an idea to revolutionize the antiquated banking system and secure a better deal for everyone.
Focus
PRODUCTS & SERVICES
Unfeatured loans, Asset Finance loans, Secured loans
REVENUE MODEL
The company generates the revenue from origination fee i.e 0.99% to 4.99% of the loan generated
MAIN CLIENTS
Blood and Sand Limited
Medina Capital
EXISTING PARTNERSHIPS
PWC ,Santender ,NSBA
Traction
VALUATION / MARKET CAP:
$1.4 B in 2018
COMPANY TYPE:
For Profit
STOCK EXCHANGE:
LSE - London Stock Exchange
REVENUE
$10M+ in 2018
REVENUE COMMENT:
The company had an annual revenue of approximately $156Million in 2018
VALUATION AT IPO:
1954652071
MONEY RAISED AT IPO:
390930414
NUMBER OF TRANSACTIONS:
10 K
TRANSACTIONS VALUE:
$910 M
ACTIVE USERS:
0.0400
People
FOUNDERS
James Meekings
Samir Desai
BOARD MEMBERS AND ADVISORS
Meyer Malka
Geoffrey D. Fink
Harry Nelis
Neil Rimer
NUMBER OF EMPLOYEES
501-1000
INVESTORS:
CreditEase Fintech Investment Fund
KEY EMPLOYEES:
Ed Wray (Director)
Darryl Bowman (CMO)
David Yu (Chief Product Officer)
Ed Hooper (Senior Manager
Strategic Partnerships)
Maria Weaver (Chief People Officer)
Neil Mullane (Head of Sales)
Luke Jooste (Head of Real Estate Finance)
Pamela Burton (COO)
Panni Morshedi (Continental Europe Managing Director)
Sophie Thomas (HR Operations Manager)
Sachin Patel (Chief Capital Officer)
Lisa Jacobs (Chief Strategy Officer)
Sean Glithero (Chief Financial Officer)
Dan Sinclair Taylor (Head of Partnerships)
Jerome Le Luel (Chief Risk Officer)
Charles Reese (Software Architect)
Bernardo Martinez (U.S. Managing Director)
Andrew Mullinger
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
11
TOTAL FUNDING
$373.24 M
DATE OF LAST FUNDING
Dec 2019
IPO STATUS
Public
IPO AT
Sep 2018
ESTIMETED REVENUE RANGE
$50M to $100M
SEED & PRIOR FUNDING
$1.1 M
FUNDING SERIES
SERIES A · $4.14 M · Apr 2011
SERIES B · $16 M · Apr 2012
SERIES C · $37 M · Oct 2013
SERIES D · $65 M · Jul 2014
SERIES E · $150 M · Apr 2015
SERIES F · $100 M · Jan 2017
DEBT FUNDING
$49.69 M
LISTED
YES
COMMENT
Debt Financing: $40 M & Series F: $100 M(Jan 2017).
company provided insights
Acquisitions
ACQUIREE NAME
Zencap
ANNOUNCED DATE
Oct 2015
PRICE
---
ACQUIREE NAME
Endurance Lending Network
ANNOUNCED DATE
Oct 2013
PRICE
---
ACQUIREE NAME
LeapPay
ANNOUNCED DATE
Aug 2014
PRICE
---
company provided insights
Web Traffic
MONTHLY VISITS
397,519
AVERAGE VISITS (6 MONTHS)
429,655.84
MONTHLY VISITS GROWTH
-4.68%
VISIT DURATION
208
VISIT DURATION GROWTH
-15.24%
PAGE VIEWS VISIT
4.25
PAGE VIEWS VISIT GROWTH
-7.47%
BOUNCE RATE
42.08%
BOUNCE RATE GROWTH
-1.71%
GLOBAL TRAFFIC RANK
94,097
MONTHLY RANK CHANGE
-7,308
MONTHLY RANK GROWTH
-7.21%
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