Funding Circle secures £300m forward flow deal with TPG Angelo Gordon and Barclays

Funding Circle has extended its partnership with TPG Angelo Gordon and Barclays through a new £300 million forward flow agreement.

The agreement will continue to back Funding Circle’s core term loan product, which has delivered strong and consistent returns for investors, while enabling greater access to finance for small businesses across the UK.

The forward flow deal adds to Funding Circle’s £1.6 billion of committed institutional funding as of 30 June 2025, strengthening its capacity to support future originations. It follows another renewed commitment announced last week, underlining investor appetite for the SME lender’s platform.

Alongside its term loan proposition, Funding Circle has been expanding its product suite with FlexiPay – a buy now, pay later-style product for businesses – and a business credit card, giving SMEs a broader set of financial tools.

Dipesh Mehta, Chief Capital Officer at Funding Circle, said the renewed partnership underscores the confidence institutional investors place in the platform’s technology and credit capabilities:

“This renewed £300 million agreement with TPG Angelo Gordon and Barclays underlines the success of our core lending product. Renewals such as this reflect the confidence our partners have in our track record, proprietary technology and credit assessment capabilities. With this new funding, we can continue to scale our support for the UK’s small businesses, which are the engine of the UK economy.”

Sunil Kothari, Head of European ABS and Managing Director, Structured Credit & Specialty Finance at TPG Angelo Gordon, added:

“We are excited to extend our partnership with Funding Circle to help drive well-needed funding to UK SMEs. This transaction demonstrates our ability to deliver customised capital solutions for leading non-bank lenders and we look forward to continuing to work alongside Funding Circle.”

The deal marks a further vote of confidence in alternative finance providers as SMEs continue to face tighter access to credit from traditional lenders.