Founded by Alex Tonelli and Sam Hodges as Endurance Lending Network after having trouble getting a loan for our fitness business, we created the nation’s largest marketplace for small business loans. In 2013, we merged with Funding Circle to form the first int’l alternative lending market. Today, the business has lent >$10B and created >100,000 jobs. After raising ~$400M from leading investors including Accel, Blackrock, IGSB, Index, Ribbit, DST, Temasek, and USV, Funding Circle conducted an IPO under the ticker FCH in 2018.
We’re particularly proud that Funding Circle’s US business alone has now grown larger than 98% of FDIC-insured banks in pursuit of our Mission of “building a better financial world.