UK Peer-To-Peer Lending Platform Funding Circle Raises $37M, Targets U.S. SMBs In Merger With Endurance Lending Network

Crowdfunding is going to accelerate new ventures!

TechCrunch

Small businesses have been called the lifeblood of our economy, and today a financial services startup has picked up a significant round of funding to help it circulate better. Funding Circle, a UK-based peer-to-peer lending platform that lets individuals and institutions loan money to small businesses, has picked up a $37 million round of funding. Along with this, it’s announcing plans to take its business to the U.S., its second market, in a merger with San Francisco-based Endurance Lending Network. Its ambition, in the words of co-founder and CEO Samir Desai, is to become the “NYSE for small business lending.”

Going into the U.S. will also bring Funding Circle a fresh wave of competition. Today, by virtue of the JOBS Act, there are already a number of platforms for crowdfunding initiatives, with Kickstarter and Indiegogo among the more popular. Now, new, more relaxed crowdfunding rules being proposed by the…

View original post 956 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: