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Funding Circle enters the embedded finance market with Funding Options and partnerships

An API enables partners to natively embed Funding Circle into their websites, providing customers with access to business loans of up to half a million pounds.

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Lisa Jacobs/Funding Circle

Funding Circle has launched a new embedded finance solution to offer its SME loans of up to £500,000 through third-party platforms.  

Embedded Finance has been one of the biggest trends in fintech over the past 18 months with a number of firms pivoting to offer their services to third parties.

The embedded finance market could be set for growth of over 10 times by 2025 to £164bn in revenue from about  £16bn in 2020,  according to a recent report by Lightyear Capital.

Funding Options and are the first partners for the new product, which works through an API directly embedded onto their websites. Funding Circle says it also has a strong pipeline of businesses expected to launch over the next year. 

Funding Circle says its heavy investment into machine learning and instant decision technology in recent years will mean customers can apply within minutes, receive a decision in seconds and have money in their account within 24 hours.

“We started Funding Circle to deliver easy, fast and flexible funding solutions to small businesses and we are constantly innovating and developing our technology to meet their evolving needs. Our new embedded finance solution enables partners like Funding Options and Capitalise to harness our technology and deliver a seamless way for their customers to access easy, fast and flexible finance,” said Lisa Jacobs, CEO Designate of Funding Circle.

Funding Circle, which was founded in 2010 and operates in the UK and US. It was one of the first peer-to-peer lenders in the UK to offer small business loans. The fintech lender has pivoted in recent years towards more and more institutional capital and particularly during the pandemic in providing state-backed loans to SMEs.  

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