Simplification and streamlining of UK business and Board Change
Source: EQS
Simplification and streamlining of As part of its ongoing commitment to profitability, Funding Circle has launched a set of cost efficiency actions. This process will result in a simpler, leaner and better positioned “We are pleased to report continued momentum on the path we set out in March to become a simpler, profitable business. The reduction in roles is not a decision we took lightly, and I would like to thank all the departing team for their hard work and commitment. I would also like to thank Oliver for his unwavering dedication to Funding Circle - it has been a pleasure to work alongside him. I am delighted to see Tony, who has been with the Group for six years, stepping up into the CFO role. Looking forward, we will continue to execute against our plan to capture growth in a large underserved market as a simpler, profitable Year to date performance is in line with expectations and the Group remains on track to meet full-year guidance3. In the US, discussions regarding a potential transaction are progressing well and an update on the outcome will be provided in due course. Funding Circle will announce H1 2024 results on Notes:
Contacts: Funding Circle Investor Relations
Joint corporate brokers Investec: Deutsche Numis:
Funding Circle Media Relations
Headland Consultancy
About Funding Circle: Funding Circle (LSE: FCH) is the UK’s leading SME lending platform. Its mission is to build the place where small businesses get the funding they need to win. Funding Circle enables small businesses to access funding – offering an unrivalled customer experience powered by data and technology. For institutional investors, Funding Circle provides access to an alternative asset class in an underserved market, with robust and attractive returns. Globally, Funding Circle has extended more than
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | GB00BG0TPX62 |
Category Code: | MSCM |
TIDM: | FCH |
LEI Code: | 2138003EK6UAINBBUS19 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 324371 |
EQS News ID: | 1913105 |
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