Link Financial to Partner With Funding Circle, the Newly Launched 'Social Lending Platform'

LONDON, September 23, 2010 /PRNewswire/ -- Link Financial Outsourcing ('LFO'), part of Link Financial Group, is pleased to announce its partnership with Funding Circle, the innovative new 'social lending platform' that facilitates loans between individuals and businesses.

The partnership will see LFO providing back-up, collection and recovery services for the Funding Circle platform, mitigating the risk for this fast-growing new enterprise.

Selina Burdell, COO of Link Financial Group, commented: "This partnership leverages on Link's long standing operational experience and on the diversified skills of our management team to provide back-up services to Funding Circle. We are delighted to be collaborating with an innovative team with a forward-looking mindset who recognised the need to appoint us as an effective and reliable backup servicer."

Paul Burdell, CEO of Link Financial Group, added: "Link Financial is proud to contribute to a project that aims to sustain UK small and medium enterprises, the core of our economy."

For more information on Funding Circle, please visit http://www.fundingcircle.com/

Notes to Editors:

Link Financial Group is one of Europe's leading purchasers and servicers of performing, semi- and non-performing consumer receivables. The Company has acquired rights to $8.25bn of receivables, which represents more than 2 million individual customers. Link operates in over 40 countries and has servicing operations in the UK, Spain, Italy, Germany and Ireland.

Link Financial Outstourcing is the dedicated third party servicer of Link Financial Group that offers different services to the financial community: Master servicing, Back-up servicing, Cash management, Loan portfolio consulting services, System consulting services. Link Financial Outstourcing leverages on more than 12-year of operational experience and caters for both its clients and its investment partners.

    For further information:
    Paul Burdell, CEO +44(0)20-7793-2670
    Link Financial Group
    Andrew Jaques/Nick Denton/Ian Payne +44(0)20-7357-9477

    Hogarth

    For more information on the Back-up Servicing Solutions that Link
    Financial can provide, please email [email protected]

SOURCE Link Financial Group