Funding Circle, a UK-based online marketplace for business loans, has set its sights on the US market after securing a merger deal with local player Endurance Lending Network and closing a $37 million financing round.
This looks like another nail in the coffin of those banks that cannot transform the way they lend to companies. By doing so these banks will lose the (apparently risky) SME market completely.
to 75k ($120k) base + 35% bonusLondon, UK or Boston (MA), USA
© Finextra Research 2013