Britain's Largest Online Loan Provider Plans IPO

Funding Circle announced its IPO on the London Stock Exchange, aiming to raise £300 million. The company, which facilitates loans to small businesses, has grown significantly since Brexit, benefiting from banks pulling back. It operates in the UK, US, Germany, and the Netherlands, focusing on loans under $500,000. The platform offers competitive interest rates and has attracted government and institutional investors. Regulatory challenges and risk management are key concerns, but the company remains confident in its business model and growth potential.

What impact has the Bank of England had on unsecured lending in the UK?

What are the potential risks associated with the current lending environment?

How does Funding Circle differentiate itself from traditional banks?