Markets Magazine
Lenders Disrupt U.K. Finance Funding Borrowers Banks Snub
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The overthrow of British banking is being plotted in between pingpong games in a 10-story office building near London’s Fleet Street.
That’s where Funding Circle Ltd., an online peer-to-peer lender, is arranging an average of 1.5 million pounds of loans a day for small businesses, double its pace in September 2013, Bloomberg Markets magazine will report in its November issue.