Funding Circle raises $150 mln, aims to be top UK lender to SMEs

April 22, 2015 11:00 PM

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LONDON, April 23 (Reuters) - British peer-to-peer lender Funding Circle has raised $150 million from new investors, saying the funds would support growth plans aimed at establishing it as Britain's biggest net lender to small companies.

Funding Circle, which like other peer-to-peer lenders allows investors to lend to businesses via low-cost online platforms, said its new investors included Russian billionaire Yuri Milner's DST Global, the world's largest money manager BlackRock and Singapore state investor Temasek.

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