Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
LONDON - Funding Circle Holdings PLC (LSE:FCH) has renewed a £300 million forward flow agreement with TPG Angelo Gordon and Barclays to support its term loan offerings for UK small businesses, according to a press release statement issued Wednesday.
The renewed partnership adds to Funding Circle’s forward funding capacity, which stood at approximately £1.6 billion as of June 30, 2025. The company also announced another renewed commitment last week.
Dipesh Mehta, Chief Capital Officer at Funding Circle, said the agreement "underlines the success of our core lending product" and reflects partner confidence in the company’s "track record, proprietary technology and credit assessment capabilities."
Sunil Kothari, Head of European ABS and Managing Director at TPG Angelo Gordon, expressed enthusiasm about extending the partnership to provide funding to UK SMEs.
Funding Circle describes itself as the UK’s leading SME finance platform. Established in 2010, the company reports having extended approximately £16 billion in credit to over 110,000 businesses in the UK.
The deal will support Funding Circle’s term loan proposition, which the company states has delivered consistent returns for investors. This loan offering is part of Funding Circle’s broader product suite that includes FlexiPay and a business Credit Card.
The announcement represents a continuation of an existing strategic partnership rather than a new relationship between the companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.