All in all, 2017 appears to be starting on a funding roll for the fintech sector: just this week, mobile payments startup iZettle announced a $63 million raise; and CompareEuropeGroup raised $21 million. London based peer-to-peer lending platform Funding Circle has raised $100m in Series F funding led by Accel. This latest fundraise brings Funding Circle's total raised to around $375 million.
Make way for another large fintech investment out of Europe. Funding Circle, the London-based peer-to-peer lending platform that lets small businesses connect with investors willing to lend them money, has raised another $100 million in funding of its own, led by Accel with participation from other previous investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures. Samir Desai, the co-founder and CEO, said that Funding Circle is not disclosing its valuation, except to say that it’s “slightly higher” than its last raise in 2015. Back then, we had confirmed that the company was already valued above $1 billion.
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