Funding Circle renews funding agreement to support FlexiPay growth

Summary by AI BETAClose X

Funding Circle has renewed its funding agreement for FlexiPay, increasing the facility to £320 million for a two-year term, up from £240 million. This extended commitment from institutional investors underscores the performance of Funding Circle's technology and credit assessment capabilities, which have driven 66% transaction growth in FlexiPay to £815 million in 2025. The FlexiPay business unit, including its flexible payment product and cashback credit card, had £206 million in assets under management as of December 31, 2025, representing 7% of the company's total assets.

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