Funding Circle appoints BDM trio

Funding Circle appoints BDM trio




Funding Circle has recruited three new Business Development Managers, including James Gibbs from bridging lender Wellesley & Co.

Funding Circle has recruited three new Business Development Managers, including James Gibbs from bridging lender Wellesley & Co.

One of the UK’s largest peer-to-peer lenders, Funding Circle, has expanded its Business Development team by 50 per cent, with the addition of three new Business Development Managers (BDMs).

London-based Funding Circle has appointed three new BDMs, including property and development finance specialist, James Gibbs, from the asset backed peer-to-peer (P2P) lender, Wellesley & Co.

Commenting on the news, Laura McMullen, Business Development Director at Funding Circle, said: “We’re very excited to have three new members of the team, particularly following the recent extension into loans for small businesses who develop or invest in property.

“As we continue to smash lending milestones, and peer-to-peer lending moves fully into the mainstream, we are ensuring we keep up both with the demand from our introducers by expanding the team.”

The three new faces that join the team bring with them a wealth of experience in business finance and 24 years of combined knowledge.  The new business development team includes James Gibbs formerly of Wellesley, Jeremy Crinall, an asset finance specialist with 7 years’ experience, who joins from Econocom, and Sandeep Parekh joins Funding Circle from BNY Mellon after five years.

Funding Circle also recently revealed that it hit over £50 million of lending in Q1 of 2014. This exponential growth has led to independent estimations that Funding Circle could account for between 10 and 20 per cent of the small business lending market in the next ten years.

Since its launch in 2010, Funding Circle has helped more than 4,000 businesses to borrow more than £270 million. Many businesses cite speed and convenience among their top reasons for turning to peer-to-peer lending.  

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment