Funding Circle USA Crosses $2 Billion Milestone

Since launching in 2013 Funding Circle USA has now reached $2 billion in total loans originated; if it was a bank Funding Circle would be among the 50 largest small business commercial and industrial loan portfolios in the US; Funding Circle’s headquarters is in the UK where they recently crossed the £4 billion mark in total originations; the US managing director for Funding Circle, Bernardo Martinez, said, “The fact that we have reached this milestone within a little more than five years, putting us in the same league as some banks established a century ago, is evidence that small businesses are underserved by the traditional banking system.” Source.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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