Funding Circle appoints Cath Keers as NED as IPO talk intensifies

By Ryan Weeks on 10th May 2018

P2P/Marketplace Lending

The platform has now surpassed £4.5bn in lending globally.

Funding Circle appoints Cath Keers as NED as IPO talk intensifies

Cath Keers has joined leading small business lending platform Funding Circle as a non-executive director.

Keers’ experience spans the retail, consumer, digital and technology sectors. She currently serves as a non-executive director at Sage Group and TalkTalk, having previously been on the boards of O2, Royal Mail, LV= and Home Retail Group. She is also chairman of ustwo, which provides digital products and services to clients including DeepMind and Jaguar Land Rover.

Rumours about Funding Circle’s much-anticipated IPO have been swirling since January, when it reportedly appointed banks to assist with a £1bn plus London flotation.

Funding Circle is changing how the world’s small businesses access finance, and the impact it’s had on the economy and job creation over the past eight years is inspiring,” said Keers. “I am impressed by the management team’s depth of insight and experience. I share the team’s commitment to delivering the best results for customers, and the company’s high levels of repeat business demonstrate that both investors and borrowers also recognise this passion.”

Funding Circle’s co-founder and CEO Samir Desai hailed Keers’ experience and knowledge as ‘invaluable’ as the firm seeks to become a ‘category-defining global company’.

In tandem to the news of Keers’ appointment, Funding Circle has announced that is has surpassed £4.5bn in cumulative lending across the UK, US, Germany and the Netherlands. It currently has £2bn in loans under management globally.

 

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AltFi Amsterdam Summit 2018

AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.

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