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Post by wiseclerk on Aug 17, 2017 7:53:36 GMT
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Post by carbonr1 on Aug 17, 2017 9:19:45 GMT
Maybe someone should point them to this forum, i think they would reconsider.
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Post by southdean on Aug 17, 2017 9:26:38 GMT
Whatever you say, Funding Circle is a success story and will only get bigger.
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voss
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Post by voss on Aug 17, 2017 9:56:52 GMT
From that link: "aquired an equidy stake in the company" - Is an equid what you get if you cross a euro with a quid?
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c88dnf
Member of DD Central
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Post by c88dnf on Aug 17, 2017 10:46:12 GMT
Whatever you say, Funding Circle is a success story and will only get bigger. Have you seen their accounts on Companies House? £38M loss over their trading history, of which £18M lost in the year to 31/12/2015. Accounts to end 2016 awaited with some interest.
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Post by spiker on Aug 17, 2017 10:55:29 GMT
Whatever you say, Funding Circle is a success story and will only get bigger. Have you seen their accounts on Companies House? £38M loss over their trading history, of which £18M lost in the year to 31/12/2015. Accounts to end 2016 awaited with some interest. Yea, growing companies never lose money.... (Amazon, Twitter, Uber....) "Funding Circle said its U.K. business was cash-flow positive in the fourth quarter of 2016 – meaning that money inflows were higher than outflows. Meekings said Funding Circle is not yet profitable because it has been in "investment mode", but said positive cash flow in the fourth quarter is evidence that the business model works. "That's a choice for us when we want to become profitable. Our view is we wanted to bring the U.K. business to be profitable which we evidenced in (the fourth quarter), in other markets we want to make sure we are investing," Meekings said."
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blender
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Post by blender on Aug 17, 2017 11:22:45 GMT
About six years to reach the first cash positive quarter. So when do they expect the UK business to produce a return on capital for the venture capital funders? I suppose the return is expected to come from a flotation at an optimistic valuation. You buy the model (proven by one quarter) rather than buying the business.
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Post by beeje13 on Aug 17, 2017 23:21:25 GMT
Good that Aegon trust FC and it's processes enough to invest their money.
Loans will fill even quicker though now.
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oldgrumpy
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Post by oldgrumpy on Aug 18, 2017 7:09:22 GMT
Good that Aegon trust FC and it's processes enough to invest their money. Loans will fill even quicker though now. Can't have that. Lower the interest rates. 
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Aug 18, 2017 7:45:08 GMT
Maybe Aegon trust are awash with return seekers money and they are desperate to get it "invested".
Maybe its a signal that fc may no longer need the noise of retail investors.
Does institutional money compete in the retail investors market or are they always used for whole loans?
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SteveT
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Post by SteveT on Aug 18, 2017 7:57:07 GMT
Maybe Aegon trust are awash with return seekers money and they are desperate to get it "invested". Maybe its a signal that fc may no longer need the noise of retail investors. Does institutional money compete in the retail investors market or are they always used for whole loans? Whole loans
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Post by carbonr1 on Aug 18, 2017 10:30:07 GMT
Maybe Aegon trust are awash with return seekers money and they are desperate to get it "invested". Maybe its a signal that fc may no longer need the noise of retail investors. Does institutional money compete in the retail investors market or are they always used for whole loans? Whole loans Exactly, nicely cherry picked safe loans not offered the the general masses, all safely wrapped up with a little bow.
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justme
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Post by justme on Aug 18, 2017 18:44:48 GMT
Exactly, nicely cherry picked safe loans not offered the the general masses, all safely wrapped up with a little bow. Do you have data on default of wholesale loans versus retail sale one?
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blender
Member of DD Central
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Post by blender on Aug 18, 2017 22:21:54 GMT
They are not cherry picked by FC, it is random within the general split. But they can be rejected by the whole loan lenders (except for FCIF) and then they go to the partial board. There has been evidence that whole loan lenders have been good at rejecting poor loans, though It was long ago on this forum and I would not be able to find it.
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Post by spiker on Aug 18, 2017 23:14:49 GMT
I had a quicknlook at the loan book earlier.
Approx 3% of whole loans default whereas its closer to 6% for partial loans.
Tho there are many reasons why that could be the case...
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