Funding Circle and Waterfall Asset Management Seal £700 Million Deal

Funding Circle, a leading UK SME finance platform, has announced a significant transaction with Waterfall Asset Management and Citi. This new deal includes a £700 million forward flow commitment from Waterfall over two years, alongside senior financing from Citi. Additionally, Waterfall is acquiring an existing £120 million loan portfolio from Funding Circle.

This collaboration reinforces the long-term partnership between Funding Circle and Waterfall, aiming to boost support for UK small businesses. First partnering in 2018, Waterfall has surpassed £3 billion in lending through Funding Circle's platform.

Dipesh Mehta, Chief Capital Officer at Funding Circle, highlights the deal as a testament to their credit underwriting and capital markets expertise. James Cuby, from Waterfall, expresses confidence in Funding Circle's technology and credit assessment. Citi's Sebastian Walf supports the transaction with senior financing.