03:03 Fri 05 Apr 2019
Funding Circle Hldgs - Response to FCIF board announcement
Response to FCIF board announcement
FCIF Announcement
FCIF listed on the
Since 2015, Funding Circle has significantly broadened its mix of funding sources and the business has become more international in nature. As a result, FCIF has become a declining part of its overall funding mix and was projected to fund only ~3.5% of Funding Circle's origination volume in 2019. In addition, Funding Circle has been developing new single currency private funds, which have a cost and operational benefit.
New Product Initiatives
At its recent full year results, Funding Circle announced two new institutional investor products designed to widen the universe of investors that can access the platform, in line with its FC2020 strategy set out at IPO which included 'diversifying funding sources' as one of its key pillars. Funding Circle intends to launch the following additional products in the
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Outlook
Funding Circle confirms that financial guidance for 2019 provided at the full year results remains unchanged.
ENDS
Media Enquiries:
Funding Circle
press@fundingcircle.com / 0203 667 2245
TB Cardew
Investor Relations:
Funding Circle
ir@fundingcircle.com / 0203 927 3893
About Funding Circle:
Funding Circle (LSE: FCH) is a global SME loans platform, connecting SMEs who want to borrow with investors who want to lend in the
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