Half Year 2019 Funding Circle Holdings PLC Earnings Call Transcript
Okay. Great. So we'll get going. So thank you for coming to Funding Circle for H1 2019 results. What we thought we do is I will talk a little bit about highlights, just talk about the Funding Circle story. I'll hand over to Sean to talk through the financials. And then we'll finish off with a bit of market analysis and the outlook.
Obviously, we put out an update on -- in Q2, in early July, on our outlook for the rest of the year. And we've recognized that by saying that we will grow revenues by around circa 20% in 2019. That's a change to the guidance that we put out previously at the beginning of the year. However, based on what we're seeing in the macroeconomic environment and proactive decisions we've taken to tighten credit and protect investor returns, we think that's in the long-term interest of the business and what we should be doing as a platform-based business.
So in 2019, we grew loans under management to a record GBP 3.54 billion. That's nearly GBP 1 billion more than what we've put into the IPO
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