Funding Circle IPO investors ‘punished’

Analysts have accused Funding Circle of failing to deliver on the promises of its IPO after the lender’s shares crashed today following a revenue warning.

Small business lending platform Funding Circle’s shares slumped last week after it halved its revenue growth projection to 20 per cent following poor demand for its loans.

“The uncertain economic environment has reduced demand from small businesses and led us to proactively tighten lending criteria. As a result, revenue growth will be impacted,” said Samir Desai, Funding Circle’s founder and chief executive.

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