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Funding Circle to sell US business to iBusiness Funding for £33m

By Michele Maatouk

Date: Tuesday 25 Jun 2024

(Sharecast News) - Funding Circle said on Tuesday that it has agreed to sell its US business to Miami-based iBusiness Funding (IBF) for £33m.

The sale includes all loan portfolios and would lead to a £10m gain before transaction costs. Proceeds from the deal will be reviewed in line with...

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