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October 24, 2013 03:02 am GMT
Small businesses have been called the lifeblood of our economy, and today a a financial services startup has picked up a significant round of funding to help them circulate better. Funding Circle, a UK-based peer-to-peer lending platform that lets individuals and institutions loan money to small businesses, has picked up a $37 million round of funding. Along with this, it's announcing plans to take its business to the U.S., its second market, in a merger with San Francisco-based Endurance Lending Network. Its ambition, in the words of co-founder and CEO Samir Desai, is to become the "NYSE for small business lending."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iyL_eTBwTAc/
UK Peer-To-Peer Lending Platform Funding Circle Raises $37M, Targets U.S. SMBs In Merger With Endurance Lending Network
Small businesses have been called the lifeblood of our economy, and today a a financial services startup has picked up a significant round of funding to help them circulate better. Funding Circle, a UK-based peer-to-peer lending platform that lets individuals and institutions loan money to small businesses, has picked up a $37 million round of funding. Along with this, it's announcing plans to take its business to the U.S., its second market, in a merger with San Francisco-based Endurance Lending Network. Its ambition, in the words of co-founder and CEO Samir Desai, is to become the "NYSE for small business lending."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iyL_eTBwTAc/
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