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The typical RoI is about 7.8% which is similar to some Hedge Funds. The way they process defaults is a lot better than many banks. When a lender defaults, Funding Circle will reduce the payments allowing the company to recover. Often the business is able to return most of the capital.
Funding Circle is brilliant for passive income and was the 1st website to allow peer-2-peer lending for businesses in the UK and now operates in the Netherlands, Germany, US & UK. Funding Circle has facilitated over £5 billion in loans to small businesses as at June 2018.
Funding Circle was founded in 2010 by James Meekings, Samir Desai and Andrew Mullinger. Funding Circle has been around since 2010 and is a lending marketplace that enables investors to lend funds directly to SMEs.