Fintech P2P Lending Platform Gains £40m From the UK Government

Fintech P2P Lending Platform Gains £40m From the UK Government

Funding Circle, a UK-based Fintech unicorn startup has received £40m from government-owned British Business Bank to directly fund small businesses through its platform, which matches investors with businesses looking to borrow. With an aim to spur and support economic growth, the BBB acts as a financier to small and medium sized businesses. Altogether, the UK government has now invested £100 million on Funding Circle’s platform. The latest investment follows an initial £40 million by the bank in Funding Circle in 2014. Preceding that, the UK government began its investment in Funding....


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