Funding Circle, Europe’s largest peer-to-peer lender, has reignited a multimillion-euro investment pact with the European Union that cooled in the aftermath of the 2016 Brexit vote.
The European Investment Bank, the non-profit lending institution, will provide Funding Circle with €100m to lend to small businesses in Germany and the Netherlands over the next two years. The deal was revealed in the UK-listed company’s first-quarter trading update.