RCS - Funding Circle Hldgs - Funding Circle renews funding agreement

Funding Circle HoldingsAnnouncement

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RNS Number : 3596A  Funding Circle Holdings PLC  14 April 2026

 Funding Circle Holdings plc

Funding Circle renews funding agreement to support FlexiPay growth

14-Apr-2026 / 07:00 GMT/BST

The issuer is solely responsible for the content of this announcement.

LEI: 2138003EK6UAINBBUS19

 14 April 2026

 FOR IMMEDIATE RELEASE

 Funding Circle renews funding agreement to support FlexiPay growth

 Facility increased to £320 million for a two-year term

 London, 14 April 2026 - Funding Circle
 (https://corporate.fundingcircle.com/) , the UK's leading SME finance
 platform, today announces the renewal of its long-standing funding facility
 for FlexiPay. The facility is for £320 million, upsized from £240 million,
 and now extends for a two-year term, providing long-term funding to support
 the continued growth of Funding Circle's multi-product offering.

 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.

 Funding Circle operates a capital-light funding model that is built for
 scaling. It will use the credit facility, alongside its own equity, to grow
 its FlexiPay business unit - which includes its flexible payment product,
 FlexiPay, and its cashback credit card - enabling customers to pay later and
 spend. The FlexiPay business had assets under management of £206 million
 (representing 7% of Funding Circle's assets under management) at 31 December
 2025.

 This announcement follows the Company's full-year 2025 results, which showed
 strong momentum in its FlexiPay business with transactions growing 66% to
 £815 million during the year.

 Following the beta launch of the credit card in September 2024, Funding Circle
 has continued to iterate and add new product features. In 2025, these included
 accounting integrations, multiple company cards, and Apple Pay and Google Pay
 were launched earlier this year.

 Dipesh Mehta, Chief Capital Officer at Funding Circle, said: "We are
 delighted to renew our funding agreement to support continued FlexiPay growth.
 We are seeing the benefits of Funding Circle's track record with this renewed
 two-year commitment. This is a testament to the quality of our platform and
 commitment to providing accessible and innovative financial products to the
 UK's small businesses."

 - ENDS -

 Media contact
 press@fundingcircle.com (mailto:press@fundingcircle.com)
 +44 20 3830 1325

 - ENDS -

 About Funding Circle

 Funding Circle (LSE: FCH) is the UK's leading SME finance platform. Since
 2010, we have extended more than £17bn in credit to over 125,000 UK
 businesses, helping them power the economy and their communities.

 By combining proprietary AI-powered credit models with a human touch, we
 provide a seamless experience that allows SMEs to borrow, pay later, and spend
 through a single ecosystem. For institutional investors, Funding Circle offers
 access to an attractive, underserved asset class through a platform built on
 deep data and a proven track record of robust returns.

Dissemination of a CORPORATE NEWS, transmitted by EQS Group
 (https://www.eqs.com) .

The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

2307484  14-Apr-2026

 

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