Funding Circle Ltd., Britain’s biggest provider of online loans, hopes to break the curse of its U.S. peers. LendingClub and On Deck’s adjusted revenue growth slowed from triple-digit rates in 2013 to the mid-teens by 2017. Funding Circle doesn’t offer consumer loans, and its focus on small businesses in Europe means it’s exposed to a still young and fast-growing market. There are plenty of known risks in the marketplace lending industry, not least the fact that platforms like Funding Circle haven’t experienced a proper downturn before. There’s still plenty of investor optimism to go around, and Funding Circle will have scarcity value in Europe.

Source: Washington Post September 03, 2018 13:07 UTC