Funding Circle surges after strong H1 showing
By Iain Gilbert
Date: Thursday 16 Jul 2026
(Sharecast News) - Fintech firm Funding Circle was up double digits in early trade after posting a strong first‑half performance, with rapid revenue and profit growth and clear momentum across both its Term Loans and FlexiPay/Card businesses.
Funding Circle said revenues rose 50% to about £138m, while pre-tax profits climbed to roughly £23m, up sharply from £6m a year earlier. Credit extended increased to £1.7bn, and assets under management grew to £3.3bn, reflecting broad‑based demand and a full‑period contribution from its shorter‑term loan product launched late last year.
The FTSE 250-listed firm stated SME demand was strong in Q1 before normalising in Q2 ahead of the quieter summer period.
Term Loans originations rose to £1.05bn, with the division continuing to show strong operating leverage and cash generation, and Funding Circle said this had enabled increased investment in FlexiPay and Card, where transactions surged 71% to £640m.
Unrestricted cash increased to £136m, supported by trading performance and monetisation of the shorter‑term loan portfolio, partly offset by the ongoing buyback.
Funding Circle said the results had left it firmly on track to meet FY26 guidance of revenues of at least £235m and pre-tax profits of no less than £35m.
It also added that the group remains capital‑light, with £72m of shares repurchased to date under its buyback programmes, equivalent to 18% of issued share capital.
Chief executive Lisa Jacobs said: "It's been another standout six months for Funding Circle. We've built upon last year's momentum with strong revenue and profit growth, driven by our continued product development and market demand. Small businesses power the UK economy, driving innovation, creating jobs and fuelling regional growth. We're proud to have helped a record number of businesses in H1 access the finance they need to win.
"We remain focused on profitable growth - backing even more small businesses across the UK with the funding they need to succeed."
As of 0945 BST, Funding Circle shares had shot up 16.55% at 206.28p.
Reporting by Iain Gilbert at Sharecast.com
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