Funding Circle Holdings plc

FCH

GB00BG0TPX62

Consumer Lending

Market Closed - London S.E. Other stock markets 11:35:05 2024-05-10 am EDT			5-day change	1st Jan Change
78 ^GBX	+10.48%		+14.37%	+95.00%

May. 02	Deutsche Bank likes TP ICAP but says sell CMC	AN
Apr. 24	Funding Circle rises amid strong 2024	AN

Funding Circle Holdings plc Reports Earnings Results for the Full Year Ended December 31, 2023

March 07, 2024 at 02:00 am EST

Funding Circle Holdings plc reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was GBP 168.2 million compared to GBP 155.8 million a year ago. Net loss was GBP 38.3 million compared to GBP 6.9 million a year ago.

Basic loss per share from continuing operations was GBP 0.111 compared to GBP 0.02 a year ago.

Latest news about Funding Circle Holdings plc

Deutsche Bank likes TP ICAP but says sell CMC	May. 02	AN
Funding Circle rises amid strong 2024	Apr. 24	AN
Synthomer jumps on cautious optimism	Mar. 12	AN
Funding Circle Holdings plc Announces Eric Daniels Will Not Be Standing for Re-Election as Director, Effective 15 May 2024	Mar. 11	CI
Funding Circle shares surge as net profit rises; announces buyback	Mar. 07	AN
Stocks climb on Fed, ECB interest rate optimism	Mar. 07	AN
Stocks mixed ahead of ECB interest rate decision	Mar. 07	AN
Transcript : Funding Circle Holdings plc, 2023 Earnings Call, Mar 07, 2024	Mar. 07
Funding Circle up on GBP25 million buyback	Mar. 07	AN
Funding Circle Holdings plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 07	CI
Customers Bank Selects Funding Circle to Power Small Business Lending	Nov. 13	CI
Funding Circle Holdings plc Appoints Kaustubh ?Kos? Joshi as the Head of Embedded Finance & Partnerships for the U.S	Nov. 06	CI
Funding Circle Receives Formal Notice from the US Small Business Administration	Nov. 01	CI
Fair Oaks Income names new chair as part of succession plan	23-09-28	AN
FTSE 100 Closes Up 0.21% on Pound Weakness	23-09-07	DJ
FTSE 100 outperforms on bets of peak in UK rates	23-09-07	AN
UK Inflation Expectations Fall, Boosting Prospects for BOE Rate Pause	23-09-07	DJ
Funding Circle swings to half-year loss but UK Loans profitable	23-09-07	AN
UK Gilt Yields Fall on Rising Expectations of a BOE Rate Pause	23-09-07	DJ
FTSE 100 Falls After Weak Performance in Asian -2-	23-09-07	DJ
FTSE 100 Falls After Weak Performance in Asian Markets	23-09-07	DJ
Transcript : Funding Circle Holdings plc, H1 2023 Earnings Call, Sep 07, 2023	23-09-07
Sterling Could Fall on Expectations of a BOE Rate Pause	23-09-07	DJ
Funding Circle Holdings plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-07	CI
Robert Walters rises; Funding Circle falls	23-08-30	AN

Chart Funding Circle Holdings plc

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Company Profile

Funding Circle Holdings plc provides a loan platform for small and mid-size enterprises (SMEs). The Company operates through four segments: United Kingdom Loans, United States Loans, Other Loans and United Kingdom Flexipay. The Other Loans segment includes the Company's businesses in Germany and the Netherlands. It reinvents small business lending through machine learning, technology, and data. Its 4D work system includes data accumulation, data engineering, data science, and decision engine platform. The Companyâs products include FlexiPay, FlexiPay card, and embedded finance. FlexiPay is a line of credit that allows businesses to make purchases and then spread the cost over three months, paying it back in three equal monthly installments. FlexiPay card is another way for customers to use their FlexiPay line of credit, helping them to pay for everyday business expenses and make purchases. Its embedded finance solution enables partners to offer its loans on their platforms.

Sector

Consumer Lending

Calendar

2024-05-15 - Annual General Meeting

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Ratings for Funding Circle Holdings plc

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.78 GBP

Average target price

1.312 GBP

Spread / Average Target

+68.27%

Consensus

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