Funding Circle Holdings (LSE:FCH), the online lending platform for small and medium-sized businesses, said revenue grew to approximately £138 million in the first half of 2026, up 50% from £92 million a year earlier.
Profit before tax nearly quadrupled to approximately £23 million, up from £6 million in the first half of 2025 and already exceeding the £20 million recorded for the whole of 2025.
Credit extended over the period reached £1.7 billion, up from £1.1 billion, while assets under management grew to £3.3 billion from £2.8 billion a year earlier.
"It's been another standout six months for Funding Circle. Our Term Loans business is highly cash-generative, which has enabled us to scale our FlexiPay and Card products", said chief executive Lisa Jacobs.
Term Loans originations rose to £1,050 million from £736 million, supported by two new forward flow funding agreements totalling £900 million signed during the half. FlexiPay and Card transactions climbed 71% to £640 million, with assets under management of £300 million, after the company renewed and upsized its funding facility with Citi to £400 million, including equity in April.
The company said the first-half performance keeps it on track to meet full-year guidance of at least £235 million revenue and at least £35 million profit before tax, while flagging caution over the broader economic environment heading into the second half. Funding Circle will provide a further update at its interim results on 8 September.
