Small Business Lender Funding Circle Raises $150 Million


Like other online lending marketplaces, the company is growing fast, and becoming a magnet for investor cash.


Funding Cirlce / Via fundingcircle.com

Another marketplace lender, another massive funding round. The U.K.-based lender Funding Circle has raised $150 million from investors DST Global, run by Russian billionaire Yuri Milner, Baillie Gifford, Sands Capital Ventures, Temasek, Singapore’s sovereign wealth fund, and an investment fund managed by the asset manager BlackRock.

Funding Circle, founded in 2010, has originated over $1 billion of small business loans in the U.S. and the U.K. and is lending some $75 million a month. The company is projecting that it will lend over $1 billion this year. It did not disclose its valuation in today’s announcement…

Small Business Lender Funding Circle Raises $150 Million

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