Funding Circle had announced the renewal of its long-standing funding facility for FlexiPay. The facility is for GBP 320 million, upsized from GBP 240 million, and now extends for a two-year term, providing long-term funding to support the continued growth of Funding Circle?s multi-product offering. Funding Circle operates a capital-light funding model that is built for scaling.
It will use the credit facility, alongside its own equity, to grow its FlexiPay business unit - which includes its flexible payment product, FlexiPay, and its cashback credit card - enabling customers to pay later and spend. The FlexiPay business had assets under management of GBP 206 million (representing 7% of Funding Circle?s assets under management) at December 31, 2025. This announcement follows the Company?s full-year 2025 results, which showed strong momentum in its FlexiPay business with transactions growing 66% to GBP 815 million during the year.
Following the beta launch of the credit card in September 2024, Funding Circle has continued to iterate and add new product features. In 2025, these included accounting integrations, multiple company cards, and Apple Pay and Google Pay were launched earlier this year.
