IN BRIEF: Funding Circle renews GBP200 million deal with Deutsche Bank
Funding Circle Holdings PLC - London-based lending platform focused on small and medium enterprises - Renews its GBP200 million forward flow agreement with Deutsche Bank AG. Says Deutsche Bank has been a Funding Circle platform funder since 2014, and the partnership solidifies its commitment to supporting UK SMEs. "This deal underscores the strength and success of Funding Circle's core lending product and the robust returns available to investors," the firm continues. "Continued backing from institutional investors reflects the proven performance of Funding Circle's proprietary technology and robust credit assessment capabilities." Funding Circle also highlights its "AI-powered credit models" which discriminate risk "three times better than traditional bureau scores" and therefore "continue to deliver a commercial advantage". Read More