Funding Circle Said to Plan Europe's First Peer-to-Peer ABS
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Funding Circle, a small-business lending platform, hired Deutsche Bank AG to arrange the first securitization of peer-to-peer loans in Europe, according to a person familiar with the matter.
The firm will meet investors in London April 18-20 to discuss a possible deal in pounds, said the person who isn’t authorized to speak publicly and asked not to be identified. Officials at Deutsche Bank and Funding Circle declined to comment on the transaction.