The Anonymous Widower

Is Funding Circle Going To Sleep With The Enemy?

There are rumours around the Internet that Funding Circle is going to tie up with Santander. Read a report here in The Telegraph.

For many years ING provided funding to a host of smaller lenders in the UK.  Then they changed tack and left these lenders up the creek without a boat, let alone a paddle.

The only possible tie-up that I would possibly do if I was the CEO of Funding Circle is to licence the technology for use in a non-competing market.

I certainly wouldn’t get involved in any direct tie-up in the UK, for a number of reasons.  Most of these are detailed in the Telegraph.

But I was part of a small dynamic company taken over by a big US corporation and it just didn’t work. Santander and Funding Circle are so different, I’d only give them a few months before they fell out in a big way.

I hope that if they are talking, that Funding Circle see the light and withdraw.

But the rumours probably haven’t done their business a load of good.

July 30, 2013 - Posted by AnonW | Business, Finance, News | Banks, Funding Circle, Peer-to-Peer Lending