Funding Circle co-founder and CEO Samir Desai was tweeting about this yesterday evening: 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. Heavily backed by some of the world's biggest investors, including Index Ventures, Accel Partners, BlackRock, Union Square Ventures and DST Global, Funding Circle was founded in 2009.
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.