Funding Circle and Waterfall Asset Management (WAM) have closed £240m securitisation
IN BRIEF:
The loans were originated through the Funding Circle platform
Funding Circle has now supported seven UK securitisations, totalling £1.4bn
WAM will use the proceeds from the bond to continue supplying funds to SMEs through Funding Circle as part of partnership
What does this mean?
“We’re proud to continue our long-standing partnership with Waterfall Asset Management; together increasing Capital Markets’ investment into small businesses through this securitisation,” Funding Circle CEO Lisa Jacobs said. “Continued investor demand in the loans we originate is reflected in its pricing and demonstrates the value our technology and distribution platform provide, even in challenging economic environments.”
