Funding Circle UK

This morning, we published our HY24 results, reflecting another year of backing SMEs with the funding they need. Hear more from our CEO, Lisa Jacobs on how we are delivering on our plans, and how we made good progress in the first half of the year to simplify the business and deliver profitability as set out in our Full Year Results in March earlier this year.

Today, we published our Half Year 2024 results. We delivered a solid financial performance, stronger than expectations, and made good progress to simplify the business and deliver profitability as set out in our Full Year Results in March. Following our announcement in March, we successfully sold our US business for a gain on sale of £10m, with the transaction closing on 1 July. In addition, we simplified and streamlined the business to deliver ~£15m of annualised savings in 2025. Our UK loans business is profitable and, powered by our proprietary tech and data, provides 76% of UK applicants with an instant decision. We extended our track record of delivering robust and attractive loan returns to our investors, and we’re seeing strong traction and growth in FlexiPay. We continued to listen to customer feedback and launched our new Cashback Business Credit Card, enabling more businesses to borrow, pay later and spend with Funding Circle. We’re excited about the future of the UK business and we believe we are well positioned to grow in a large, underserved market and help more UK small businesses access the finance they need. As the UK’s leading SME lending platform, we're in a strong position to continue our strong growth and back more small businesses to get the funding they need to succeed. Thanks to the fantastic Funding Circle team for making this happen! For more info https://bit.ly/3XhEmtI

The answer to your cash flow prayers 🙏 Watch to find out how FlexiPay can help keep your business cash flow healthy. 💥 No interest, no hidden costs, no surprises. 💥 Leave us a comment if you want to know how to check your eligibility in 30 seconds. #SMEUK #SMEFinance #CashFlow

To ensure our employees with caring responsibilities can succeed, we're delighted to have joined Working Families. Working Families is the UK’s national charity for working parents and carers. This partnership underscores Funding Circle's commitment to championing flexible working and supporting the wellbeing of its employees. "Joining Working Families reflects our dedication to creating a supportive and inclusive work environment where our employees can thrive," said Victoria Bradford, People Director at Funding Circle. "We recognise the importance of flexible working arrangements in empowering our workforce to achieve their full potential whilst working alongside their caring responsibilities." By embracing flexible working practices, Funding Circle aims to continue to promote a culture that drives productivity, supports individual needs and enhances employee satisfaction. Funding Circle believes that prioritising employee wellbeing is not only a moral imperative but also a strategic business decision. By supporting flexible working practices, Funding Circle aims to attract untapped talent, retain valued employees, and drive productivity and innovation across the organisation. Funding Circle looks forward to working with Working Families to continue advancing workplace policies and practices that support the diverse needs of its employees. #WorkingFamilies #FlexibleWorking #DEI

⚡️ Get a finance offer on the best possible terms ⚡️ You can now apply for the NEW Government-backed Growth Guarantee Scheme through Funding Circle. As one of the largest providers of Government-backed loans, we’re pleased to be able to offer the new Growth Guarantee Scheme. Complete a single online application, and we’ll assess you for both the Growth Guarantee Scheme and a Funding Circle business loan – so you get an offer on the best possible terms. Find out more 👉 https://bit.ly/4fVjYr1 #GrowthGuaranteeScheme #SMEUK #SMELending

📣 "Very informative and their response time is amazing." 📣 Our small business customers are at the heart of our business, and we love nothing more than seeing them succeed. 💜 We know the prospect of securing funding can seem daunting to many small business owners, which is why we're here to help every step of the way. Funding Circle understands small business. We’ve been 100% focused on SME lending since 2010, helping thousands of businesses like yours reach their goals. Unlike with traditional banks, the application process is easy: 👉 Check whether your business is eligible online in 30 seconds 👉 Apply in 10 minutes 👉 Get a decision in as little as an hour Don't just take our word for it, repeat Funding Circle customer Ian says: “Great service. This is the third time we have used Funding Circle. As a repeat client we continue to use them as we find them to all be very informative and their response time is amazing. Would highly recommend.” If you’re looking for finance to grow, adapt or increase your resilience, a fast, affordable business loan can help – apply in minutes today. #SmallBusinessLending #SMELending #SMEUK

Imagine having flexibility with your business payments – at no extra cost 🤗 That's exactly what you get with FlexiPay from Funding Circle. Our flexible line of credit gives you the freedom to decide when and how you make business payments. Simply make a business payment upfront by card or cash transfer, and then choose how you’d like to repay. Whether in 1, 3, 6, 9 or 12 monthly instalments, you’re charged just one flat fee per transaction. 💥 No interest, no hidden costs, no surprises. 💥 Know someone who could benefit from more flexible payment options? Tag them below 👇 #SMEUK #BusinessCredit #SMELending

Are there signs of growing confidence among small businesses? 🌱 Our latest research finds that resilient SMEs are poised for future growth. 👇 #SMEUK #EconomicOutlook #SmallBusinessNews

What finance options are available from Funding Circle? Our quick guide 👇 💥 Unsecured business loans – Borrow up to £500,000 for almost any purpose. You can apply in 10 minutes and get a decision in as little as 1 hour. A personal guarantee will be required. 💥 Growth Guarantee Scheme loans – Borrow up to £250,000 through the new Government-backed scheme, specifically introduced to help businesses access finance. 💥 FlexiPay line of credit – Pay business costs over 1, 3, 6, 9 or 12 months with a flexible line of credit of up to £250,000. 0% interest, just one simple flat fee on each transaction. 💥 Asset finance – Borrow up to £5 million to buy or lease new assets such as equipment, vehicles or machinery and use the asset as security. 💥 Cashback business credit card – Earn cashback on your business spending. Up to £250,000 credit limit, with 42 days interest free credit and no monthly or annual fee. Check your eligibility for a small business loan in 30 seconds on our website. #SMEUK #SmallBusinessFinance #BusinessLoans

💜🏉 Bringing a love of sport to children with a Funding Circle loan 🏉💜 Try Time Kids' Rugby used a loan from Funding Circle to scale up – by investing in extra equipment, training more coaches and opening new clubs. Watch Try Time's Head of Growing Awesomeness and Head of Happiness explain how a business loan helped them achieve the impact they wanted. 🚀 #SmallBusinessLending #SMEFinance #SmallBusinessLove