Today, Funding Circle gave its first quarter trading update in the U.K. and continued to show solid growth; loans under management grew to a new high of £3.4 billion, a 44% increase from the first quarter of 2018; Q1 originations grew by 23% to £644 million while revenue grew by 40%; this growth was in line with the company’s expectations for the full year; CEO Samir Desai said, “The first quarter was a period where Funding Circle reinforced its leadership position across each of its markets, reaching a new high of loans under management of £3.4bn.” Source.
