Peer-to-peer lending platform Funding Circle extends reach across the Atlantic with $37m venture backing.

Funding Circle, a peer-to-peer online lending platform, has secured a $37m series C round to support its expansion into the US.

The financing into the UK-based lending business was led by venture firm Accel Partners, with new investor Ribbit Capital joining existing backers Union Square Ventures and Index Ventures. The latest round brings the funding total up to $58m.

The platform, which over the past 12 months has helped over 1,800 business access £110m ($178m) from 20,000 investors, is seeking…

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