Funding Circle Set to Support UK Small Business Growth Through Strategic Partnership With Aegon
On Thursday, online lender Funding Circle announced it has formed a strategic partnership with Dutch financial services group, Aegon, to support the growth of UK small businesses. According to Funding Circle, Aegon is set to invest in loans to UK small businesses through its lending platform. The partnership will notably see the financial service company fund £160 million of loans in the first 12 months under a framework agreement, with the intention to extend this step-by-step into a four-year funding program.