Recap of Funding Circle’s 2019 Annual Report

2019 was a hard year for the small business lender; Funding Circle fell out of the FTSE 250 after their share price struggled; the stock had since rebounded after investors were hopeful that the company could be part of the government stimulus package; even with their setbacks, Funding Circle still lent £1.6bn to small businesses in 2019; AltFi digs into their annual report discussing lending growth slowing, their cash reserves falling, staff costs increasing due to increased headcount, gender diversity and increasing revenue as well as marketing costs. Altfi

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