Funding Circle announces £300m deal with TPG Angelo Gordon and Barclays
UK-based SME finance platform Funding Circle has signed a £300m forward flow agreement with TPG Angelo Gordon and Barclays.
The deal is set to complement the lender’s broader offering, such as its credit line FlexiPay and business credit card options.
“Renewals such as this reflect the confidence our partners have in our track record, proprietary technology and credit assessment capabilities,” says Dipesh Mehta, chief capital officer at Funding Circle. “With this new funding, we can continue to scale our support for the UK’s small businesses, which are the engine of the UK economy.”
Last week, Funding Circle also announced a £750m funding commitment from Waterfall Asset Management and BNP Paribas.
Today’s announcement expands the lender’s forward funding from institutional investors.
Read more: Funding Circle sees credit extended rise by 21pc to £1.1bn in H1
The lending platform, which focusses on small and medium enterprises, saw its pre-tax profits jump to £6m in the first half of 2025, up from £500,000 year-on-year.
