September 28, 2018

Funding Circle lists on London Stock Exchange

  • Global small business loans platform raises £300 million, with a valuation of £1.5 billion
  • Demonstrates continued, exceptional investor appetite for innovative companies listing in London 
  • Confirms UK’s leading position supporting ambitious fintech companies to expand globally

London Stock Exchange Group (LSEG) today welcomes global small business loans platform Funding Circle to the Main Market. Raising £300 million in primary proceeds, with a valuation of £1.5 billion, Funding Circle’s IPO underlines the UK’s leading position in supporting ambitious fintech companies to expand globally. Funding Circle has facilitated over £5 billion in loans to over 50,000 SMEs from 80,000 investors in the UK, US, Germany and the Netherlands.

Samir Desai, CEO, Funding Circle:
“We have always believed Funding Circle would be well-suited to the public markets and today’s listing is recognition of the strength and global impact of our model. We look forward to starting this exciting new chapter for the business as we focus on growth across all markets and seek to create a better financial world for small businesses and investors. I am pleased to welcome our new shareholders and I would like to thank my fellow Circlers for all their hard work since we launched. Funding Circle is a very ambitious company and we are excited to continue growing our business over the coming years. The UK is a great place to start and grow a fintech business and we are proud to have listed on London Stock Exchange today."

Dr Robert Barnes, Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group:
“We congratulate Funding Circle on its successful IPO. We have watched with great interest the development of the fintech industry over the last decade. Funding Circle’s IPO today further confirms London as a leading international financial centre for raising capital for global fintech businesses.

“Sitting at the heart of UK’s financial ecosystem, London Stock Exchange is the natural funding partner to a sector that is reshaping the global financial services landscape. We are proud to support these businesses throughout their growth journeys, offering them access to deep liquid pools of international investor capital for the long-term.”

London Stock Exchange Group plays a leading role in championing the UK’s thriving tech sector, supporting dynamic global firms in fintech and a wide range of technology fields at IPO and throughout their development.

  • Since 2015, tech companies on London Stock Exchange have raised over £20 billion in IPO and follow-on capital
  • Tech IPOs have accounted for close to 30% of all IPO capital raised in 2018 YTD on London Stock Exchange; fintech alone represented 7%
  • In March 2018, LSEG and TheCityUK launched their Finance for Fintech report, surveying over 400 fintech companies in eight countries on finance and regulatory needs of the sector; Samir Desai, CEO, Funding Circle is featured in the report
  • The Finance for Fintech report identifies that fintech companies globally consider the UK as one of the top three markets where they would consider issuing equity or debt
  • 35% of fintechs surveyed said that raising finance is their top priority and 85% said they are very or reasonably likely to raise funds on public markets within the next three years. 
  • London Stock Exchange Group’s business support and capital raising programme ELITE supports over 900 global businesses, of which over fifteen percent are tech companies
  • LSEG’s 1000 Companies to Inspire Europe 2018 report showcases 57 Information Technology companies from across Europe
  • Download the Finance for Fintech report

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. 

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.