Lisa Jacobs to Step Down as Funding Circle CEO
Funding Circle Holdings plc has announced that Lisa Jacobs intends to step down as CEO by no later than September 2027. Jacobs joined Funding Circle in 2012 and became CEO in January 2022. Now, the Board will begin a formal search for her successor. Until her departure, Jacobs will remain in her role. She will keep delivering the company’s growth. She will plan and work with the Board to ensure a smooth and orderly transition.
Years at Funding Circle
Jacobs has been part of Funding Circle for 14 years. During her time with the company, the business expanded enormously. Funding Circle has extended more than £18 billion in credit to more than 135,000 SMEs since her joining. The company also delivered the transformation plan announced in March ‘24. It sought to create a simpler, high-growth and more profitable business.
Board Praises Jacobs’ Contribution
Funding Circle Chair Ken Stannard said Jacobs has made an outstanding contribution to the company. He stressed how she altered the business, advanced its mission, and built a strong team. Stannard also noted that Jacobs chose the timing of her departure when the business had strong momentum. He said the Board respects her decision and will find a successor who can build on Funding Circle’s platform for growth. He added that Jacobs is committed to leaving the company in the strongest position and supporting an orderly transition.
What Jacobs Says
Jacobs said she has valued being part of Funding Circle’s growth over the past 14 years. She expressed pride in what the company and its team have achieved for the business and the small businesses it supports. She pointed to the company’s latest results as evidence that Funding Circle is in its strongest position so far. She talked about its growth, profitability, and foundations for the future as reasons why she believes now is the right time to begin handing over leadership. Jacobs also said she will keep delivering the company’s growth plans and supporting a smooth transition to her successor.
About Funding Circle
Funding Circle is a UK-based fintech company. Samir Desai, James Meekings, and Andrew Mullinger founded it in August 2010. It was created to improve access to finance for small businesses and developed into a specialist SME finance platform. Its services include business term loans, FlexiPay credit lines, cashback business credit cards and asset finance through partners. Funding Circle uses technology and data-driven credit assessment to connect SMEs with funding and provide faster financing decisions.
Wrapping Up
Lisa Jacobs will stay CEO until no later than September 2027 while Funding Circle searches for her successor. Until then, she will lead the company’s growth.
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