Funding Circle Holdings plc: Favourable settlement of proceedings
Summary by AI BETAClose X
Funding Circle Holdings plc reports a favorable settlement in the case concerning Azzurro Associates and personal guarantors of defaulted loans. The settlement was initiated by the personal guarantors, resulting in a payment to Azzurro. The case involved loans originated on the Funding Circle platform and subsequently sold to Azzurro by investors. The settlement amount exceeded the outstanding balance of the loans at the time of default. This outcome validates Funding Circle's position that the debt had been assigned and payment was due to Azzurro, confirming the validity of the loans and personal guarantees.
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Funding Circle Holdings plc (FCH)
7 October 2025
LEI: 2138003EK6UAINBBUS19
Funding Circle Holdings plc
Favourable settlement of proceedings Funding Circle Holdings plc (“Funding Circle”) notes that the case concerning Azzurro Associates and the personal guarantors of two defaulted loans has been resolved following a settlement initiated by the personal guarantors and resulting in a payment to Azzurro. This case concerned loans originated on the Funding Circle platform and subsequently sold by investors to Azzurro. The settlement, for more than the outstanding balance of the loans at default, validates Funding Circle’s position that the debt had been assigned and payment is due to Azzurro. As stated at the time of press reports in February, the validity of the loans and personal guarantees has never been in question, and we were confident that Azzurro would succeed in demonstrating its right to bring the claims. For further details: Funding Circle Holdings plc ir@fundingcircle.com Lisa Jacobs, Chief Executive Officer Tony Nicol, Chief Financial Officer Headland Consultancy Stephen Malthouse and Jack Gault (+44 20 3805 4822) About Funding Circle: Funding Circle is the UK’s leading SME finance platform. Established in 2010, Funding Circle has extended c.£16bn in credit to over 110,000 businesses in the UK. For SME borrowers, Funding Circle provides an unrivalled customer experience, delivered through its technology and data, coupled with a human touch. Its solutions continue to help customers access the funding they need to succeed. For institutional investors, Funding Circle provides access to an alternative asset class in an underserved market and delivers robust and attractive returns. Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
| ISIN: | GB00BG0TPX62 |
| Category Code: | MSCU |
| TIDM: | FCH |
| LEI Code: | 2138003EK6UAINBBUS19 |
| Sequence No.: | 404281 |
| EQS News ID: | 2208874 |
| End of Announcement | EQS News Service |
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