Funding Circle, the UK's leading SME finance platform, announces the renewal of its £200 million forward flow agreement with Deutsche Bank, continuing its long-standing partnership to support small businesses across the UK.
Deutsche Bank, a funder on the Funding Circle platform since 2014, solidifies its commitment to supporting UK SMEs through this partnership. This deal underscores the strength and success of Funding Circle’s core lending product and the robust returns available to investors.
Continued backing from institutional investors reflects the proven performance of Funding Circle’s proprietary technology and robust credit assessment capabilities. Funding Circle’s AI-powered credit models continue to deliver a commercial advantage, discriminating risk three times better than traditional bureau scores, which allows the platform to provide instant decisions and a superior customer experience.
Dipesh Mehta, Chief Capital Officer at Funding Circle, said:
Consistently renewing partnerships is an endorsement of the confidence that leading financial institutions have in our tech platform, credit assessment capabilities, and the attractive, stable returns we deliver for our funding partners. Deutsche Bank has been a partner on our platform for over a decade and we’re delighted to renew another deal, which will provide vital access to finance for UK SMEs and funnel capital to the real economy to support job creation and economic growth.