Goldman are helping to list the Fund that will target a dividend yield of 6-7% per annum on the LSE. Retail investors will be able to invest their ISAs into the fund, meaning investing in the platform will become tax-free for the first time. The funds will be lent to small businesses in both the UK and U.S.
Pioneers: Funding Circle co-founders Samir Desai, James Meekings and Andrew Mullinger Funding Circle London-based Funding Circle has become the first peer-to-peer lender to tap public markets as it announced the float of a fund to raise £150 million. Led by Goldman Sachs, the Funding Circle SME Income Fund is targeting 8-9% returns per year, with a dividend yield of 6-7%. Investors will be able to put the fund into ISAs, meaning investing in the platform will become tax-free for the first time. The company, one of the stars of the capital’s budding fintech scene, hopes to raise the cash on the London Stock Exchange, to be invested in small businesses in the UK and the US which use its