Funding Circle’s founders on building the world’s leading marketplace for small businesses
Funding Circle founders Andrew Mullinger, James Meekings, Samir Desai and Sam Hodges in conversation with Rohan Silva and Neil Rimer.
Just a few weeks ago, Funding Circle raised $150m from a group of investment giants including DST Global and BlackRock, making the London-headquartered startup the best capitalised small business marketplace in the world. Now the team want to build on their success in the UK – where they are already the 5th largest net lender to businesses - and the US, by expanding internationally and becoming, in the words of co-founder Samir Desai, “part of the financial infrastructure.”
Since launching in August 2010, Funding Circle’s 38,000 investors, who encompass individuals, financial institutions and even the UK government, have lent over $1bn to small businesses globally – and are on target to loan another $1bn in this calendar year alone. But how did the team get started? How did they pull off expansion into the US, where many European-born startups struggle? And what have they learned about company culture along the way? In this Index Ventures podcast, Rohan Silva talks to Funding Circle’s co-founders Andrew Mullinger, James Meekings, Samir Desai, and Sam Hodges, as well as Index co-founder and new Funding Circle chairman Neil Rimer.