Funding Circle (LSE:FCH), the UK's leading small and medium-sized enterprise finance platform, has completed SBOLT 2026-1, its tenth public securitisation of loans originated on its platform, bringing cumulative issuance across the programme to approximately £2.5bn since 2016.
The transaction, backed by loans held by Waterfall Asset Management, supported lending to more than 33,000 UK small businesses across all ten deals in the series.
A notable first: the British Business Bank participated in a Funding Circle public securitisation for the first time, broadening institutional involvement in the UK SME asset-backed securities market.
The deal was described as well-received, with strong pricing cited as evidence of investor confidence in the platform's credit assessment capabilities.
"Ten SBOLT transactions is a significant milestone for Funding Circle, enabling our institutional partners to effectively deploy capital to support UK SMEs for more than a decade," said Dipesh Mehta, Chief Capital Officer at Funding Circle.
Funding Circle claims the leading position in public SME asset-backed securities issuance in the UK and Europe over the decade, based on data from J.P. Morgan ABS Research.
