Funding Circle hits £50 million in revenue as CEO restates IPO ambitions

www.businessinsider.com

Funding Circle's CEO and founder Samir Desai told Business Insider: "We were pleased with the result for the group. Overall we improved our loss margin. The UK business became cashflow positive in Q4 of 2016 and continues to generate positive cashflow in the first half of the year.

Lending companies haven't fared too well in the IPO market, curious to see where Funding Circle ends up landing.

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