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Embargoed until 7.00am , 9 September 2021 THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO . 596/2014 Funding Circle Holdings plc ( “ Funding Circle " ) , today announces results for the six months ended 30 June 2021 . Samir Desai CBE , CEO and Founder , said : " This has been another strong period of progress and growth within the business . I am pleased we have exceeded our previous guidance and delivered £ 53.3 million of AEBITDA and £ 35.5 million of operating profit in the first half of 2021 . We continue to make strong progress with scaling our Instant Decision Lending technology in the UK with now more than 60 % of loan decisions automated . Average loan applications are completed in 6 minutes and decisions follow in just 9 seconds , providing borrowers with an unmatched experience . Funding Circle Holdings plc Half Year 2021 Results I am particularly pleased that we are using this technology to launch new products to help solve more small business problems . Our API and FlexiPay products are now in beta testing with existing customers and the wait list is now open for our Card product . We are seeing an acceleration in the shift towards online in small business lending as a result of Covid and this has opened up an enlarged opportunity for Funding Circle and we are well placed to capture this going forward . " Performance Highlights Loans under Management ( LuM ) Originations Fee income ( " Operating income " ) Net investment income¹ Total income Fair value gains / ( losses ) Net income AEBITDA² Operating profit / ( loss ) Profit / ( loss ) before taxation Cash Net Assets Financial Summary : ● H1 2021 £ m 4,933 1,635 94.5 26.1 120.6 1 Net investment income , represents investment income less investment expense . 8.1 128.7 53.3 35.5 35.4 168.1 254.1 1 H1 2020 £ m 3,722 1,112 64.8 36.4 101.2 ( 96.1 ) 5.1 Total Income of £ 120.6m ( H1 2020 : £ 101.2m ) up 19 % year - on - year . Record loans under management of £ 4.93 billion ( H1 2020 : £ 3.72 billion ) up 33 % and originations of £ 1.64 billion ( 2020 : £ 1.11 billion ) up 47 % year - on - year . Adjusted EBITDA of £ 53.3m ( H1 2020 : negative £ 84.1m ) with AEBITDA margin³ of 44 % . Operating profit of £ 35.5m ( H1 2020 : £ 113.5m loss ) with operating profit margin³ of 29 % . ( 84.1 ) ( 113.5 ) ( 115.1 ) 131.2 216.9 2 Adjusted EBITDA ( " AEBITDA " ) represents operating profit / ( loss ) before depreciation and amortisation , share based payment charges , associated social security costs , foreign exchange gains / ( losses ) , and exceptional items . A reconciliation between AEBITDA and operating profit / ( loss ) is shown in the Business Review . 3Adjusted EBITDA margin represents AEBITDA divided by total income . Operating profit margin represents operating profit divided by total income . H2 2020 £ m 4,214 1,630 90.9 29.9 120.8 ( 22.2 ) 98.6 20.3 7.2 7.0 103.3 217.6