Funding Circle, a London, UK and San Francisco, CA-based lending platform focused exclusively on small business finance, raised a further $100m in equity funding.
The round was led by Accel, with participation from existing investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures.
The company, which has raised $373m in equity funding to date, intends to use the capital to continue to expand operations.
Led by Samir Desai, CEO and co-founder, Funding Circle lending platform for business loans, matching small businesses who want to borrow with investors who want to lend in the UK, US and Europe. The company combines risk management and technology to facilitate lending to small businesses from investors including 60,000 individuals, local and national government, the European Investment Bank and financial institutions such as pension funds.
Launched in 2010, Funding Circle has facilitated over $3 billion in lending globally to over 25,000 businesses in the UK, US and Europe.