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Funding Circle and Others Can Prove Themselves Amid Current Pandemic

Funding Circle and Others Can Prove Themselves Amid Current Pandemic

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EuropeFintechNews RoundupUSA
··1 min read

Funding Circle has struggled in the public markets since their IPO in 2018; now Funding Circle and their peers have a chance to prove themselves; shares of Funding Circle more than doubled in the last week as news spread that the small business lender would be a part of relief programs in the UK and US; many still question the business models of non-bank lenders, mostly concerned about the dependence on secondary markets to fund loans; but the reality is that banks lack speed, something very important in today’s environment; Ravi Anand, managing director of ThinCats told the FT, “We will find out the men from the boys. No doubt there’s going to be some casualties where credit [decisioning] wasn’t robust enough or funding sources weren’t stable enough…But the ones who come out will be stronger and will get a bigger market share.” Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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