RCS - Funding Circle Hldgs - Partnership with Waterfall Asset Management

Funding Circle HoldingsAnnouncement

12/02/2026 11:00

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RNS Number : 7929S  Funding Circle Holdings PLC  12 February 2026

 Funding Circle Holdings plc

Funding Circle strengthens partnership with Waterfall Asset Management through
 a new £700 million deal

12-Feb-2026 / 09:35 GMT/BST

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

LEI: 2138003EK6UAINBBUS19

 12 February 2026

  Funding Circle Holdings plc

 Funding Circle strengthens partnership with Waterfall Asset Management through
 a new £700 million deal

 London, 12 February 2026 - Funding Circle, the UK's leading SME finance
 platform, today announces its latest transaction with Waterfall Asset
 Management ('Waterfall') and Citi.

 The agreement consists of two elements that bring direct funding to Funding
 Circle's shorter term loan product. Waterfall is providing a £700 million
 forward flow commitment over two years, with senior financing from Citi,
 alongside purchasing a c.£120 million existing loan portfolio. This
 transition from balance sheet to institutional funding aligns with Funding
 Circle's strategy to test and iterate new propositions on balance sheet,
 before scaling them with partners once the R&D phase is complete.

 The transaction underscores the deep, long-term partnership between the two
 firms and their shared commitment to supporting UK small business. Having
 first partnered with Funding Circle in 2018, Waterfall last year surpassed
 £3bn in total lending through Funding Circle's platform.

 The deal further strengthens Funding Circle's funding position as a platform
 lender, and provides increased capacity to meet the growing demand for fast,
 flexible SME credit.

 Dipesh Mehta, Chief Capital Officer at Funding Circle, said: "Expanding
 partnerships is a powerful endorsement of our credit underwriting, and capital
 markets expertise, and we are proud to once again build on that with this
 transaction."

 "Waterfall has been a consistent supporter of our platform, and this
 transaction with Citibank is a result of our shared commitment to finding
 innovative ways to optimise credit. This significant forward flow deal ensures
 we can continue to provide UK small businesses with the fast, flexible funding
 they need to win."

 James Cuby, Head of Europe at Waterfall Asset Management, said: "We are
 pleased to deepen our relationship with Funding Circle through this
 substantial new commitment. Having worked together for many years, we remain
 confident in Funding Circle's technology and credit assessment capabilities.
 This transaction allows us to further support the UK SME market while
 achieving our strategic investment goals."

 Sebastian Walf, Managing Director at Citi, said: "Citi is pleased to provide
 senior financing for this £700 million transaction, supporting this latest
 funding agreement between Funding Circle and Waterfall Asset Management."

 - ENDS -

 Media contact:
 Leigh Rimmer
 Head of Corporate Affairs
 press@fundingcircle.com
 +44 20 3830 1325

 About Funding Circle
 Funding Circle (LSE: FCH) is the UK's leading SME finance platform.
 Established in the UK in 2010, Funding Circle has extended c.£17bn in credit
 to over 125,000 businesses in the UK.

 For SME borrowers, Funding Circle provides an unrivalled customer experience,
 delivered through its technology and data, coupled with a human touch. Its
 solutions continue to help customers access the funding they need to succeed.

 For institutional investors, Funding Circle provides access to an alternative
 asset class in an underserved market, and delivers robust and attractive
 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

2275156  12-Feb-2026

 

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