British p2p lending service Funding Circle raised 65 million US$ series D in a round led by Index Ventures with participation from existing investors, Accel Partners, Union Square Ventures and Ribbit Capital. The new funding will be used to continue to fuel the company’s rapid global growth, expand product ranges and explore new international markets.
Today’s news follows Funding Circle’s record growth in both the US and UK markets over the past twelve months. The p2p lending marketplace is on track to lend 600 million US$ in 2014.
Samir Desai, CEO and co-founder of Funding Circle said: “We are thrilled to welcome Bob to our board. His expertise and experience is unparalleled. This latest round of funding will fuel our global ambitions and power the next phase of our evolution – catering for the increase in demand we expect to see over the next 12 months. Our vision is to build a better financial world, helping more small businesses access finance and offering attractive returns to investors.”
This news comes less than a year after the previous 37 million US$ round. In total, Funding Circle has now raised $123 million in equity funding.
(Source: press release)