1. Introduction and Summary
2. Collecting your Information
How do we collect your information and what do we collect?
2.1 If you engage with us in any way, we may collect the following information about you in a number of ways:
2.2 If you wish to become a member of the marketplace you will need to provide us with the following information, which we may also collect from third parties:
2.3 In addition to the personal and financial information you submit or we collect as described above, we may also collect information about your computer (including, where available, your IP address, operating system and browser type), your interaction with the marketplace and our website, and email performance data, including for the purposes of marketplace administration and service improvement. See our Cookies Policy for more information.
2.5 We may, particularly in relation to Borrowers, Investors or guarantors, be given sensitive personal information (such as medical information or criminal records). Where relevant, we will hold and process this information to allow us to make decisions about you and your accounts with us or with which you are connected. This may involve us sharing such information with your Agents. We will process sensitive personal information only in accordance with the requirements of applicable privacy law.
2.6 Where you provide information about other people (for example, if you represent a Borrower and you provide information about directors, partners, members, shareholders or beneficial owners other than yourself) then you confirm:
3. Using and disclosing your information
Using your information
3.1 We collect, store and use your personal information:
Disclosing your information
3.2 We may disclose your personal information:
in which regard:
3.3 Save as expressly provided above, or otherwise without your consent, Funding Circle will not disclose, sell or rent your personal information to any third party.
3.4 We are part of a global group of companies and, in order to support our business in the most efficient manner possible, we share infrastructure and functions across our business internationally. This means that we may transfer your personal information to, or your personal information may be accessible in, any location in which we do business. If your information is transferred to a country which is not considered by the European Community to adequately protect of personal data (such as the USA), we will always take steps to ensure that your information is protected and that such transfers comply with applicable privacy laws.
3.5 We may transfer your information to other countries, including those outside the European Economic Area either for storage purposes or where we engage suppliers, sub-contractors or third party data processors who are based or have operations overseas. We will always take steps to ensure that your information is protected and that such transfers comply with applicable privacy laws.
4. Credit Reference and Fraud Prevention Agencies
Credit Reference Agencies (‘CRAs’)
4.1 From time to time we undertake credit reference checks against Borrowers and Investors (and against directors, partners, members, shareholders and beneficial owners of Borrowers and Investors), guarantors and Agents:
and by proceeding with an application then you consent to this.
4.2 When CRAs receive a search request from Funding Circle they will:
4.3 We will give details of all loans taken through the marketplace and how they are managed to the CRAs. If you borrow and do not repay in full and on time, the CRAs will record the outstanding debt and, in some cases, the length of time that the debt remains outstanding; other organisations may see these updates and this affect your ability to obtain credit in the future.
4.4 Any records shared with CRAs will remain on file for six years after your account is closed, whether any outstanding sums have been settled by you or following a default.
4.5 You can contact the CRAs currently operating in the UK. The information they hold may not be the same so you may consider contacting them all. They will charge you a small statutory fee. They are:
False information and Fraud Prevention Agencies (‘FPAs’)
4.6 If you give us false or inaccurate information or if we suspect or identify fraud we may record this and may also pass this information to FPAs (such as CIFAS) and other organisations involved in crime and fraud prevention including law enforcement agencies.
4.7 We and other organisations may access and use (a) this information in order to prevent fraud, money laundering or other criminal activity (for example, by checking details on credit applications, for managing credit and recovering debt), (b) information recorded by FPAs from other countries, (c) checking details on proposals and claims for all types of insurance, and (d) checking details of job applicants and employees.
4.8 Please contact us if you want to receive details of the relevant fraud prevention agencies.
5. Accessing and correcting your information
You may, at any time:
6. Opting out
You may, at any time:
Please contact us to tell us if you have changed your mind or, in relation to email marketing, unsubscribe following the link on an email you have received.
7. Security and other Third Parties
7.1 Whilst Funding Circle takes appropriate technical and organisational measures to safeguard the personal information that you provide to it, we accept no liability if communications are intercepted by third parties or incorrectly delivered or not delivered.
7.2 If Funding Circle transfers your information to third parties we will take steps to ensure that such transfer and any on-going processing by such third parties is carried out securely and in accordance with applicable privacy law.
7.4 You also have a responsibility to ensure that your information is kept secure. If you are a member of our marketplace, you must:
8. Contact Us
You can contact us at firstname.lastname@example.org.
9. About Funding Circle
9.1 Funding Circle Limited is a company incorporated in England and Wales, with registered number 06968588 and registered office at 71 Queen Victoria Street, London EC4V 4AY.
9.2 Funding Circle Limited is registered with the Information Commissioner with registration number Z2133885.
9.3 Funding Circle Limited is authorised and regulated by the Financial Conduct Authority (FCA) with firm registration number 722513.