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Feb 12, 2026 8:01 AM

Funding Circle strengthens partnership with Waterfall Asset Management through a new £700 million deal

LONDON, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Funding Circle, the UK's leading SME finance platform, today announces its latest transaction with Waterfall Asset Management (‘Waterfall') and Citi.

The agreement consists of two elements that bring direct funding to Funding Circle's shorter term loan product. Waterfall is providing a £700 million forward flow commitment over two years, with senior financing from Citi, alongside purchasing a c.£120 million existing loan portfolio. This transition from balance sheet to institutional funding aligns with Funding Circle's strategy to test and iterate new propositions on balance sheet, before scaling them with partners once the R&D phase is complete.

The transaction underscores the deep, long-term partnership between the two firms and their shared commitment to supporting UK small business. Having first partnered with Funding Circle in 2018, Waterfall last year surpassed ...