Funding Circle co-founder and CEO Samir Desai was tweeting about this yesterday evening:
Tantalisingly close to @FundingCircleUK going over £1 billion lent to UK small businesses... https://t.co/MrUCQZMbkk— @samirdesai01 Tue Dec 22 22:44:55 +0000 2015
And now it's happened. Today, the London-based fintech startup effectively crossed the milestone, having lent more than £1 billion to British businesses since its founding.
According to Desai, Funding Circle also lent another £250 million in the US and Europe.
@FundingCircleUK 45,000 investors lent £1billion 2 thousands of businesses in the UK (+ another £250m in US & CE) https://t.co/46aJLgE7Pc— @samirdesai01 Wed Dec 23 09:29:10 +0000 2015
Funding Circle also has big plans, by the way: in time, the company wants to lend $100 billion a year. Two months ago, the company acquired Germany-based Zencap, a much smaller rival backed by Rocket Internet, to complement its organic growth.
No doubt we'll hear more from Funding Circle in 2016 and beyond.