Investment money keeps flowing into p2p lending space

Funding Circle secures £10m ($16m) from Index Ventures and Union Square Ventures as demand for non-bank lending continues to grow

– £28 million ($45 million) lent to more than 670 UK small businesses in less than 18 months

– More than 10,000 people registered with investors enjoying inflation beating average yields of 8.4%

– Funding Circle ready to bypass the banks and capitalise on the Government’s Budget plans to lend £100m ($160m) through non-bank channels, such as peer-to-peer lending

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