FinanceGB

Funding Circle Layoffs

July 2020

Funding Circle announced a layoff affecting 85 employees in July 2020. The company operates in the Finance sector.

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People Affected

85

Announced Date

Jul 8, 2020

Company Information

Industry
Finance
Country
GB
Region
SF Bay Area
Last Updated: Apr 18, 2026

About

Funding Circle's media division AltFi is shutting down after a decade, resulting in layoffs for its entire staff. The closure comes after 18 months of severe headwinds, despite strong journalism and a loyal following in the fintech news sector. The company expressed gratitude to its employees and community for their support over the years, marking the end of its role in covering the UK fintech industry's growth.

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