Funding Circle

Funding Circle's broker channel reaches £1bn lending milestone

Funding Circle has announced that its broker channel has passed £1bn facilitated to UK SMEs.

After four consecutive record-breaking quarters, the in-house broker team has supported the growth of 9,600 British businesses.

Prior to the lending milestone, the P2P platform promoted Tom Shave (pictured above) to head of broker.

Tom has assisted in developing a diverse network of introducers, big and small, across the country.

Shaun Watts, finance consultant at Christie Finance, said the Funding Circle team was easy to work with and had a desire to help small businesses grow. 

“We choose to introduce our clients to them because we are confident that they will get a decision quickly and the quality of service really helps to manage our client’s expectations."

Neil Mullane, head of UK sales at Funding Circle, said that Tom had been an integral part of the broker channel’s growth to date, which is why he was incredibly pleased to have seen him promoted to head of broker in the UK.

“Without his dedication for providing businesses with a fast, fair and transparent service, the team wouldn’t be where it is today. 

“His knowledge and passion will be invaluable to the business moving forward and I look forward to seeing him take the team from strength to strength.”

Tom added: “Working with brokers is – and always has been – a hugely important part of our business. 

“Reaching £1bn lent through the broker channel is an incredibly exciting milestone as it means that we’ve helped thousands of small businesses to fund their growth ambitions. 

“I’m looking forward to growing this part of the business even further as we continue on our mission of becoming the first choice for small businesses across the UK.”

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