Funding Circle, the world’s leading online marketplace for small business loans, announced that Victory Park Capital, an asset management firm based in the US and an active lender to UK and European companies, will finance up to $420 million in loans to small businesses originated through Funding Circle both in the UK and US over the next three years.

This new, long-term agreement, which significantly extends the existing relationship between Funding Circle and Victory Park Capital, will allow Funding Circle to provide a much needed further injection of funding into the small business sector and reflects the strong growth of Funding Circle globally over the past twelve months. Funding Circle has now facilitated more than $850 million in loans to 8,000 small businesses globally.

Victory Park Capital has been actively involved in the marketplace lending sector since 2010 and has made more than US$2.2 billion of investments and commitments across a number of financial technology platforms, multiple geographies (US, UK and Europe), products (consumer and business) and structures (whole loans and senior credit facilities). 

The investment combines cutting-edge technology with market leading financial solutions. Victory Park Capital was an early institutional partner to Funding Circle in the US and this new funding will be invested across all risk bands, in accordance with Funding Circle’s industry-leading credit criteria.