European Investment Bank & Funding Circle announce groundbreaking £100m investment into UK SMEs

The European Investment Bank today agreed a £100 million investment in loans to UK small businesses originated through Funding Circle. This investment, alongside £25 million from the Funding Circle SME Income Fund, will enable over £200 million of new loans over 7 years, and provides a further injection of much-needed funding into the UK small business sector.

UK startup attracts $7.5m in seed from Silicon Valley to shake up SMEs’ people management

A new startup looking to shake up the way businesses manage their people has secured $7.5m in one of UK’s largest ever seed rounds. Launching today on an invite-only basis, hibob is a premium, cloud-based system that securely stores all the people data in a business, presenting it in an easy to use platform and enabling instant data visualisation.