Funding Circle (LSE:FCH) has renewed and increased the dedicated funding facility for its FlexiPay business to £320 million, up from £240 million, and extended the term to two years, locking in long‑term capital for growth.
It will use the facility alongside its own equity to expand FlexiPay — which includes the FlexiPay product and a cashback credit card — after reporting assets under management of £206m (7% of Funding Circle’s AUM) at 31 December 2025. FlexiPay transactions climbed 66% to £815m in 2025; the credit card moved from beta after its September 2024 launch and the unit added accounting integrations, multiple company cards, and Apple Pay and Google Pay in 2025 and earlier this year.
The company points to continued institutional support and its AI‑powered credit models as enablers of that growth, describing the models as discriminating risk three times better than traditional bureau scores and allowing instant credit decisions.
"We are delighted to renew our funding agreement to support continued FlexiPay growth. We are seeing the benefits of Funding Circle’s track record with this renewed two‑year commitment. This is a testament to the quality of our platform and commitment to providing accessible and innovative financial products to the UK’s small businesses," said Dipesh Mehta, Chief Capital Officer at Funding Circle.
