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Growth Street CEO responds to Funding Circle IPO plans

Greg Carter, Growth Street CEO, said: "Funding Circle's intent to IPO is a vote of confidence in the alternative finance sector as a whole. In the last couple of years, Funding Circle has channelled more capital to small- and medium-sized enterprises (SMEs) than all the big banks put together. This shows the potential of new funding models, but I think it should also serve as a wake-up call to the big banks who have drawn back from SME lending since the financial crisis. 

"Funding Circle is a great UK fintech success story: long may new and innovative ideas continue to shake up the traditional financial ecosystem."

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