Funding Circle Reviews

  Ratings based on 14 reviews       Last review 1 month ago    

Funding Circle reviews written by our Smart Money People can help you to find out more about life with this peer lender. Funding Circle was created with a big idea: to revolutionize the outdated banking system and secure a better deal for everyone....

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Funding Circle reviews written by our Smart Money People can help you to find out more about life with this peer lender. Funding Circle was created with a big idea: to revolutionize the outdated banking system and secure a better deal for everyone. Smart Money People is the UK's independent financial services review site. Read and write Funding Circle reviews here, and together we can help to increase trust and transparency in financial services.

Overall Rating

Good

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Funding Circle Review Insight

What are people saying in their reviews?

Culture & Values

100% of feedback is Process related

Customer profile

Top Age Profile: 35-44

Top Channel Preference: Online

Funding Circle Products 14

Peer to Business Lending

Total disregard for their investors

Personal guarantees only. Totally worthless in the hands of FC. They are not transparent, they treat investors like dirt. They just give your money away. Don't go near them. Just flush your money down the loo. DD is terrible. "Experts' cant even... Read more

Personal guarantees only. Totally worthless in the hands of FC. They are not transparent, they treat investors like dirt. They just give your money away. Don't go near them. Just flush your money down the loo. DD is terrible. "Experts' cant even assess a balance sheet.

Reviewed on 29th July 2021
Susan Ellins's avatar
Susan Ellins
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Peer to Business Lending

Loyal customer feeling unloved..

I started lending with funding circle in about 2016, the product was great and the returns as an invest was pretty lucrative. Then they started accepting loads more loan applications and then all the defaults started to happen. Lots of money was being... Read more

I started lending with funding circle in about 2016, the product was great and the returns as an invest was pretty lucrative. Then they started accepting loads more loan applications and then all the defaults started to happen. Lots of money was being written off as the debt couldn't be paid.

I have been trying to get money out for over 18 months now and i have only been able to recoup 1/3 of my total balance so far, my money sitting in there is losing value.

I did recommend funding circle to friends and family and they all now have money locked into FC and no idea if or when they might ever get their money back. Such a shame as it's a great concept and idea but excited poorly.

Reviewed on 16th April 2021
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Jonnyboyy
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Peer to Business Lending

Started off well but went bad very quickly

I started lending with funding circle in about 2016, at first it went well as in I was making a little money through interest but as soon as they changed their model in 2018 it went downhill very rapidly, they were lending to anybody who asked them... Read more

I started lending with funding circle in about 2016, at first it went well as in I was making a little money through interest but as soon as they changed their model in 2018 it went downhill very rapidly, they were lending to anybody who asked them and their due diligence test were a joke, pretty soon they had more defaults than they were letting on, hence they money coming in quickly turned negative and so I tried to sell up but with anything it will take time to get out, hopefully with a couple of pennies in front

Reviewed on 30th April 2020
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Lewis Baines
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Peer to Business Lending

Poor performance and slow withdrawals!

Been trying to withdraw funds since last July with very little progress made after 6 months. Withdrawing funds because of disappointing performance.

Reviewed on 31st January 2020
IainG's avatar
IainG
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Peer to Business Lending

OK

They were OK, but really shouldn't have loaned the money.

Reviewed on 9th June 2019
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HSMK
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Peer to Business Lending

Seems like a great platform.

Ive had a bit of money stashed away for a while and it seems to be making far more in interest than any high street bank. I’ve recommended it to my wife too and she’s put a bit of money aside.

Reviewed on 6th November 2018
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Jay Riley
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Peer to Business Lending

peer to peer

a solid peer to peer which is unlikely to go bust, and where your money is likely to appreciate. (unlike our banks)

Reviewed on 14th August 2018
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grahamsthename
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Peer to Business Lending

Great product and service

Really great product and service. Can't fault it. Really happy to have this as part of my portfolio

Reviewed on 17th January 2018
Nick Cullen's avatar
Nick Cullen
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Peer to Business Lending

Easy to use

Easy to use, very quick and easy. Will continue to invest for the foreseeable future

Reviewed on 22nd June 2017
Richard Reading's avatar
Richard Reading
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Peer to Business Lending

Really terrible

Not Actually prepared to give them a mark of any kind they kept me hanging on for days and then declined it after accepting Application Not Worth making an application with them not worth the drama

Reviewed on 25th May 2017
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Cee
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Peer to Business Lending

Feedback

Apart from a very glitchy website and app everything else is fine!

Reviewed on 22nd March 2016
Paul Bostock's avatar
Paul Bostock
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Peer to Business Lending

Didn't Invest - Got Fed up with too many emails

I joined Funding Circle as I was looking for alternative investments. The site is good, the deals are ok, but the email traffic you get from them is too much. In the end I unsubscribed and opened an ISA for my wife as they are easier to understand.... Read more

I joined Funding Circle as I was looking for alternative investments. The site is good, the deals are ok, but the email traffic you get from them is too much. In the end I unsubscribed and opened an ISA for my wife as they are easier to understand. When it's a new form of investing overkill on emails sets alarm bells off - 'these guys seem to desperate for my cash'.

Reviewed on 16th March 2016
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Paulc
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Peer to Business Lending

Solidly reliable

The importance of a non-bank funding source is growing...it's vital to my business to have this kind of access to capital. Funding Circle do a good job and can only really grow.

Reviewed on 3rd September 2015
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Alistair
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Peer to Business Lending

Loans get funded quickly

I was seeking financing for my business and came across Funding Circle as an alternative to the traditional lenders. I found the whole process quite simple and my loan was funded quickly. I was initially a bit concerned that raising funds in this way... Read more

I was seeking financing for my business and came across Funding Circle as an alternative to the traditional lenders. I found the whole process quite simple and my loan was funded quickly. I was initially a bit concerned that raising funds in this way might put-off some of my customers but this concern provided to be unfounded.

Reviewed on 23rd March 2015
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Martin
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