UK-based SME finance platform Funding Circle has renewed its partnership with Waterfall Asset Management and BNP Paribas with a further forward funding commitment of £750m.

With the renewal commitment, Waterfall, which has been lending through the Funding Circle platform since 2018, will have provided more than £3bn in total lending through leveraged facilities.

The SME platform said these loans had supported small- and medium-sized enterprises (SMEs) via both its commercial and government lending programmes.

In its half-year 2025 results, Funding Circle reported having extended £1.1bn in credit to UK businesses during the period, as pre-tax profits increased to £6m and revenues rose by 17 per cent.

As of 30 June 2025, Funding Circle had approximately £1.6bn of forward funding in place from institutional investors to support future originations, with the £750m renewal in addition to this.

Read more: Funding Circle closes £200m forward flow agreement with Deutsche

“This renewed commitment is a testament to the quality of our platform and our shared mission to provide vital funding to the UK’s small businesses,” Dipesh Mehta, chief capital officer at Funding Circle, said.

“With this facility, we can continue to be a crucial source of finance, helping the backbone of the UK economy grow and succeed.”

“This segment has long been underserved by traditional lenders and we have been impressed by Funding Circle’s track record and expertise in enabling investors to access this asset class and ultimately support borrowers with much needed access to finance,” added James Cuby, head of Europe at Waterfall.

Read more: Funding Circle receives £230m credit facility from Citi