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Funding Circle halves revenue guidance for 2019 on reduced demand

LONDON, July 2 (Reuters) - Funding Circle Holdings Plc on Tuesday said it was cutting its expected 2019 revenue growth to 20% from 40% due to reduced demand for loans from its peer-to-peer lending platform.

“The uncertain economic environment has reduced demand from small businesses and led us to proactively tighten lending criteria. As a result, revenue growth will be impacted,” Chief Executive Samir Desai said.

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