14th Apr 2026 09:58
Funding Circle Holdings PLC - London-based lending platform focused on small and medium enterprises - Renews its "long-standing funding facility" for its FlexiPay business unit, which provides flexible lines of credit for business expenses. Says the GBP320 million has been upsized from GBP240 million and extended for two years, "providing long-term funding to support the continued growth of Funding Circle's multi-product offering." Says support continues from institutional investors, reflecting "the proven performance of Funding Circle's proprietary technology and robust credit assessment capabilities." Intends to use the funding to grow FlexiPay, combined with its own equity. Says FlexiPay's assets under management total GBP206 million, or 7% of the company's AuM, as at December 31. Also notes that its 2025 results, published in early March, "showed strong momentum" for FlexiPay with transactions rising 66% to GBP815 million.
"We are delighted to renew our funding agreement to support continued FlexiPay growth," comments Chief Capital Officer Dipesh Mehta. "We are seeing the benefits of Funding Circle's track record with this renewed two-year commitment. This is a testament to the quality of our platform and commitment to providing accessible and innovative financial products to the UK's small businesses."
Current stock price: 145.60 pence, up 3.3% on Tuesday in London
12-month change: up 42%
By Emma Curzon, Alliance News reporter
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