UK alternative lending firm Funding Circle has traditionally operated on an auction model to allow potential investors to bid on loans . However , reports from Crowdfund Insider suggest that their business model is about to see a major change . The company reportedly sent a letter to investors , then announced on its site , that the company would be shifting away from an auction model and towards a fixed interest rate for its loans . According to reports , Funding Circle said the change is part of its focus on " how best to enable Funding Circle to deliver a marketplace that works effectively for hundreds of thousands of people in the UK and internationally . Below are details about how you can be involved in the process: If you would like to join any part of this process, please email us at [email protected] " The company added that the change would allow the firm to continue growth , and provide an easier way for borrowers to access working capital .
UK alternative lending firm Funding Circle has traditionally operated on an auction model to allow potential investors to bid on loans . However , reports from Crowdfund Insider suggest that their business model is about to see a major change . The company reportedly sent a letter to investors , then announced on its site , that the company would be shifting away from an auction model and towards a fixed interest rate for its loans . According to reports , Funding Circle said the change is part of its focus on " how best to enable Funding Circle to deliver a marketplace that works effectively for hundreds of thousands of people in the UK and internationally . " The company added that the change would allow the firm to continue growth , and provide an easier way for borrowers to access working capital .