Funding Circle is the largest global marketplace for small business loans, operating in the US, UK, Germany, Spain, and Netherlands. FC lends more than $1B annually and has raised $280M of equity with the latest valuation over $1B.

In 2011, Sam Hodges and Alex Tonelli founded Endurance Lending Network. ELN raised $1.5M from IGSB in 2012 spurring it to become the largest marketplace for small business loans in the US. In October 2013, ELN merged with UK-based Funding Circle to form the first international alternative lending marketplace by way of an investment from Accel, Ribbit, USV, and Index.

Alex left day-to-day operations as US Managing Director after the Series D while Sam Hodges continues to lead the US business.  Endurance remains a meaningful shareholder.