PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Funding Circle and Magnetar Capital UK form new lending partnership

Funding Circle, one of the UK’s largest small business loan platforms, and a UK affiliate of alternative investment manager Magnetar Capital (Magnetar UK), have formed a lending partnership that is expected to provide more than £300 million of funding to small businesses over a three-year period.

This partnership will see Magnetar UK support thousands of UK SMEs by leveraging Funding Circle’s technology and distribution platform. In turn, Funding Circle’s powerful machine learning models — driven by a decade of technology and data investment — will provide Magnetar UK with a highly efficient and cost-effective mechanism to deploy capital to the real economy.

Funding Circle’s market-leading and unparalleled instant decision technology enables small businesses to apply for finance in an average of six minutes, with lending decisions in as little as nine seconds. This seamless functionality is helping provide small businesses with fast and simple access to finance, allowing them to grow, create jobs and power the economy.

Magnetar UK joins a wide range of investors lending through Funding Circle’s platform, including banks, asset management companies, insurance companies, government-backed entities, individuals and funds. 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured