Funding Circle has announced a £300 million forward flow agreement with TPG Angelo Gordon and Barclays to boost lending to UK small businesses.
The renewed partnership will provide ongoing support for the SME finance platform’s core term loan product, which has delivered strong investor returns and supports its wider suite of products including FlexiPay and its business credit card.
A forward flow agreement is an arrangement where institutional investors commit capital in advance to purchase future loans originated by Funding Circle.
It effectively guarantees a pipeline of lending capacity, giving SMEs greater certainty of access to finance.
At the end of June 2025, the London-based FinTech had around £1.6 billion of forward funding in place from institutional investors, with today’s deal following another renewal announced just last week.
The company said the agreement reflects growing confidence in its technology and credit assessment capabilities.
“This renewed £300m agreement with TPG Angelo Gordon and Barclays underlines the success of our core lending product,” said Dipesh Mehta, chief capital officer at Funding Circle.
“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 at TPG Angelo Gordon, added: “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.”
Since the announcement this morning, the business has seen its share price rise slightly by 2.3% to 123.8p.