Virgin Money US (formerly CircleLending) is a loan-servicing company originally founded by U.S. entrepreneur Asheesh Advani in May 2000,[1][2][3] launched in 2001,[4] and incorporated in July 2002. It primarily facilitated peer-to-peer loans similar to Prosper.com, Zopa and Lending Club.
In 2007, the Virgin Group took a majority-stake investment in the company and renamed it Virgin Money US, the American division of Virgin Money.[5][6] Like the global company, but unlike its peer-to-peer competitors, Virgin Money US now focuses on borrowers and lenders who already have an existing relationship (such as friends or family).
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In 2007, Virgin Money launched in the USA after the Virgin Group made a majority stake investment in CircleLending.[1] CircleLending was founded by US entrepreneur Asheesh Advani in May 2000,[2][3],[4] launched in 2001[5] and incorporated in July 2002. At this time, it primarily facilitates peer-to-peer loans similar to Prosper.com, Zopa and Lending Club. However, Virgin Money US focuses on borrowers and lenders who already have an existing relationship (such as friends or family) unlike its competitors in the Peer-to-peer lending business.
  | 'Thanks For The Mortgage Dad' Start-up - CircleLending Funded by Intel/Omidyar - alarm:clock: 'Thanks For The Mortgage Dad' Start-up - CircleLending Funded by Intel/Omidyar |
| | Asheesh Advani: Startup Financing - Startup Financing Asheesh Advani Bio |
| | Virgin Money USA - Virgin Money USA, Inc.: Private Company Information - BusinessWeek |
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