Funding Circle provides a digital marketplace that connects UK small and medium‑sized enterprises with a range of credit products, including term loans, revolving credit lines, government‑backed loans, asset‑finance and a cashback business credit card. Its online application uses proprietary underwriting to deliver a decision in about an hour, with fixed‑rate loans from 6.9 % APR and funds typically disbursed within 48 hours, all managed through a web dashboard and mobile app.
Funding
$1B raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BPWAFounders
Product
Problem
Small and medium-sized enterprises often struggle to obtain timely, affordable financing because traditional banks impose lengthy approval processes, credit‑score checks, and limited product options, which can impede cash‑flow management and growth initiatives.
Solution
Funding Circle operates an online financing platform that matches UK‑based SMEs with a suite of credit products—including term loans, revolving credit lines, government‑backed Growth Guarantee Scheme loans, asset‑finance secured loans, and a cashback business credit card. Applicants complete a short digital form (≈7 minutes) and can receive a decision within an hour, with no impact on their credit score. The platform uses proprietary underwriting algorithms to present the most cost‑effective terms, offering fixed‑rate loans from 6.9 % APR, flexible repayment schedules, and transparent fee structures. Funds are typically disbursed within 48 hours, and customers can manage their financing through a unified web dashboard and mobile app, with optional integration to accounting software.
Features
Feature details are not available yet.