Funding Circle is a crowdlending platform that lets individuals and institutions loan money to small businesses. Founded in the UK in 2010, the firm has about 70,000 registered lenders who have lent more than £223,000,000. Last October, Funding Circle raised a $37MM Series C from Accel Partners, Union Square Ventures, Ribbit Capital, and Index Ventures, and announced a merger with a California-based alternative lending startup called Endurance Lending, which was founded by Alex Tonelli and Sam Hodges. Endurance Lending was …
Tag: Lending Club
In 1998, at a technology conference in New York, John (Launny) Steffens, vice chairman of what was then Merrill Lynch & Company, told his audience, ”The do-it-yourself model of investing, centered on Internet trading, should be …