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Funding Circle was the 1st website to allow peer-2-peer lending for businesses in Britain and now operates in the Germany, US, UK and the Netherlands. Funding Circle has facilitated over £5 billion in loans to small businesses as at June 2018. Funding Circle is brilliant for investors looking for better RoI.
Funding Circle was started in 2010 by James Meekings, Samir Desai and Andrew Mullinger. The normal RoI is roughly 7.9% which is a lot better than some Hedge Funds. The way they handle defaults is a lot better than many banks. When a lender defaults, Funding Circle will ease back on the payments allowing the business to recover. Often the business is able to return most of the capital.
Funding Circle has been trading since 2010 and is a lending marketplace that enables investors to lend funds directly to small and medium-sized companies.