- Funding Circle Holdings
- 17 July 2025 11:07:17
Source: Sharecast
The SME finance platform said that it delivered "strong revenue and profit margin growth" in the first six months of the year, helped by "the strength of our brand, technology and credit decisioning".
The company extended credit of £1.1bn during the period, up 21% from the year before, with balances under management totalling £2.8bn.
The term loans business saw originations of £736m, up from £692m last year, with improved profit margins due to operating leverage and cost actions took in 2024.
Meanwhile, strong growth was also reported in its FlexiPay solution and Cashback credit card, with credit extended now surpassing £1bn since launch.
“I am very pleased with the momentum we have carried into 2025 following our strong performance last year. We saw strong revenue growth with improving profit margins in our streamlined business as we continued to invest in new products," said chief executive Lisa Jacobs.
Jacobs said the company remains confident in hitting its medium-term guidance of £200m in revenue and £30m in pre-tax profit for the next fiscal year.
Shares were 3.7% higher at 134.8p by 1103 BST.