• The new capability enables partners to seamlessly offer Funding Circle loans of up to £500,000 to small businesses within their own website
• Powered by Funding Circle’s machine learning and Instant Decision technology, their customers can apply within minutes, receive a decision in seconds and have money in their account within 24 hours
• Funding Options and Capitalise are the first partners to leverage this new capability, with an exciting pipeline of partnerships expected over the next 12 months

Funding Circle, the leading platform for small business loans, has today unveiled an Application Programming Interface (API) that enables partners to natively embed Funding Circle into their website, providing customers with fast and seamless access to business loans. 

Leveraging Funding Circle’s decade of investment in its machine learning and Instant Decision technology, partners can now offer customers a frictionless way to apply for a loan up to £500,000 in minutes, receive a decision in seconds and have money in their account within 24 hours. The embedded finance solution is the latest in a series of new products and capabilities launched by Funding Circle that utilise Instant Decision technology, including FlexiPay, a buy now pay later solution for small businesses. 

Business finance platforms, Funding Options and Capitalise.com, are the first to integrate with the API, expanding their proposition and making it easier than ever to help customers to apply for funding. 

These first integrations provide a blueprint for the exciting pipeline of partnerships expected over the next 12 months and form part of the growing global market for API-driven embedded finance which is predicted to exceed $138bn by 2026.

Lisa Jacobs, CEO Designate of Funding Circle, said:

“We started Funding Circle to deliver easy, fast and flexible funding solutions to small businesses and we are constantly innovating and developing our technology to meet their evolving needs. Our new embedded finance solution enables partners like Funding Options and Capitalise to harness our technology and deliver a seamless way for their customers to access easy, fast and flexible finance.” 

Simon Cureton, CEO of business finance marketplace Funding Options, said: 

“Funding Circle has been one of the most successful innovators in the lending space over the past decade, which makes their integration to our Funding Cloud ecosystem even more exciting. Together we will be able to rapidly facilitate new lending at scale, supporting SMEs as they navigate the post Covid recovery. Our award winning Funding Cloud platform combines the use of technology, innovations such as Open Banking and advanced data analytics, to power real-time digital decisioning, transforming the experience for companies who need fast and reliable funding to grow and thrive. Funding Circle, together with other lenders on the platform, will play an integral role in shaping the SME finance sector for the future, which is a critical element underpinning the stability and growth of the UK economy.”

Ollie Maitland, Co-Founder and Chief Product Officer of Capitalise.com, said: 

“Funding Circle coming on to Capitalise’s Instant Offers platform is a boost for business owners and accountants with fast, instant quotes. This gives them transparency and control over business finance to plan ahead with confidence.”