Funding Circle closes £200m forward flow agreement with Deutsche
Funding Circle has closed a £200m forward flow agreement with Deutsche Bank, which it will use to bolster support for UK small businesses.
This facility will continue to support Funding Circle’s core term loans for small businesses across the UK.
Read more: Funding Circle receives £230m credit facility from Citi
Deutsche Bank has been a funder on the Funding Circle platform since 2014. In FY2024, term loan originations on the platform grew by 33 per cent.
“This trade is a testament to the robustness of our platform and our ability to originate high-quality loans that deliver attractive, stable returns for our partners,” said Dipesh Mehta, chief capital officer at Funding Circle.
Read more: Funding Circle swings into profit in “transformative year”
“This funding allows us to continue supporting the backbone of the UK economy with the finance they need to grow and succeed.”
Last month, Funding Circle secured a £230m credit facility from Citi to support the growth of its flexible payment product, FlexiPay.
Read more: Funding Circle: 77pc of SMEs expect to need additional funding
