Increased revenue propels Funding Circle's profit to £6 million, marking a 17% rise.
UK-based SME lender Funding Circle has announced impressive financial results for the first half of 2025. The company, led by CEO Lisa Jacobs since her appointment in January 2022, reported a significant increase in profits before tax (PBT) to £6 million, a stark contrast from the £500,000 recorded in H1 2024.
Jacobs' leadership has been credited with the company's strong performance during this period. Funding Circle's revenues also saw a 17% increase, reaching £92.3 million in H1 2025, up from £79.1 million in the same period last year.
The Term Loan product, a key offering from Funding Circle, reported a PBT of £12.7 million in H1 2025. The product continues to deliver operating leverage, contributing to the company's overall success.
Funding Circle's strategy is focused on delivering a great customer experience, leveraging proprietary data, technology, and AI-powered credit models. The company is committed to backing small businesses and serving more of their needs.
The FlexiPay product, another offering from Funding Circle, saw a 66% year-on-year increase in transactions in H1 2025. Cumulative transactions exceeded £1 billion since the product's launch, demonstrating its popularity among businesses.
Despite the impressive growth, the article does not provide specific details about any changes in the company's workforce or management structure, interest rates, lending policies, or plans for future expansion or new product launches.
CEO Lisa Jacobs stated that the company is on track to deliver more than £200 million in revenue and more than £30 million in PBT for FY26. Funding Circle is also continuing its share buyback program, although no specific details were mentioned about its continuation.
The FlexiPay product's loss before tax pre-exceptionals narrowed to £6.7 million in H1 2025, down from losses of £8.7 million in the same period last year. Funding Circle is growing its newer cashflow products, a testament to the company's commitment to innovation and meeting the evolving needs of small businesses.
In H1 2025, Funding Circle extended £1.1 billion in credit to UK businesses across its product suite. The company aims to capture a larger share of financing for small businesses, solidifying its position as a key player in the SME lending market.
As Funding Circle continues to grow and innovate, it remains committed to its mission of supporting small businesses and providing them with the financing they need to thrive.
