UK based Funding Circle is expected to report sales are up 48 percent and losses widened 38 percent in the previous 12 months; the platform originated 40 percent more loans and loans under management jumped 55 percent; Chief executive Samir Desai tells AltFi, “Funding Circle delivered a strong end to 2018 which resulted in exceeding our revenue and loans under management guidance for the year.”; analysts think the company is in for a tough 2019 with signs of a potential global economic slowdown and the prospect of Brexit looming. Source.
