Funding Circle, the SME finance platform, has reported a profit before tax of £23 million for the first six months of 2026, alongside 50% revenue growth. This performance follows a period of losses in 2022 and 2023, with the company returning to profitability in 2024.
The company's business model has evolved significantly. After suspending access to its peer-to-peer (P2P) platform in April 2020, Funding Circle permanently closed it in 2022. It now relies on a combination of government financing and institutional-backed lending to meet its funding needs.
For 2025, Funding Circle reported sales of £204 million and an adjusted profit before tax of £26 million. Brokers Canaccord Genuity estimate a run-rate of over £250 million in revenue and £37 million in profit before tax, based on activity in late 2025 and early 2026. The company has also expanded its product offerings to include short-term lending, FlexiPay, and credit cards.