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Platform for loans for the middle class

One of the more successful fintech companies is the British start-up Funding Circle. The marketplace for small business loans has brokered loans with an overall value of over US$1.5 billion.

For this purpose, thousands of small businesses were put in direct contact with a wide range of investors, including more than 40,000 individual people, various financial organisations and even the British government.

It gave many small businesses access to affordable loans without the hassle of bureaucracy, while investors benefitd from manageable risk and reliable returns. In 2015, Funding Circle expanded its platform to three more countries, including Germany. Because the German Federal Financial Supervisory Authority (BaFin) requires all commercial lenders to be in possession of a full banking licence, Funding Circle operates in partnership with Wirecard Bank.