The facility has been increased from around £50m to approximately £66m.
Funding Circle expects to drawdown the additional funding under the leverage facility during August.
- Funding Circle updates projected returns
- Funding Circle opens IFIsa to transfers
- Over half of UK SMEs feel government investment is too London centric
The funding will be used for new originations in the UK and central Europe.
The announcement comes as the P2P lending platform continues to explore growth opportunities.
Earlier this year, Funding Circle stated that it was in discussions with the British Business Bank about a project to provide financing to UK SMEs via its lending platform.
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