DST Global Yuri Milnera invested $ 150 million in Funding Circle, a startup financing platform

Funding Circle, a British company, raised $ 150 million in a financing round led by DST Global. The number of investors Funding Circle includes the world's largest investment company BlackRock, the Singapore-based state investment fund Temasek and the American company Sands Capital Ventures, RBC reports with reference to the Financial Times.

Funding Circle provides a platform for financing start-ups and small businesses using peer lending. “P2P loan” - loan of funds to unrelated persons without an intermediary in the form of a bank or other financial institution.

Companies can use the site to raise funds on the following conditions: from 6% per annum for up to 5 years. Having taken £ 1,000,000 for 5 years , a startup will pay £ 1,254,992 - the overpayment will be 5% for each year of using the funds.

Individuals can invest from £ 20 in one company. In the UK at the moment, 39,155 people have invested £ 609,441,340 in British business.
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In the next round, the Funding Circle venue raised $ 150 million, and the company’s value was $ 1 billion. The company uses these funds to become more active in the UK and the USA and to enter new markets.

Earlier this year, DST Global Yuri Milner invested in the corporate Slack chat and in the Indian taxi service Ola Cabs .