Simplification and streamlining of UK business and Board Change

Funding Circle Holdings plc (“Funding Circle”) today provides an update on progress towards its priorities of simplification and profitability as set out at full-year results in March.

As part of its ongoing commitment to profitability, Funding Circle has launched a set of cost efficiency actions. This process will result in a simpler, leaner and better positioned UK
focused operation. These actions will deliver an annualised run rate cost saving of ~£15 million in 2025 and an expected reduction in the overall number of roles by c.1201. Non-recurring costs to achieve these changes are expected to be approximately £5m, which will be recognised in 2024.

Oliver White, CFO, has informed the Board of his intention to stand down from his role with a transition to begin following publication of first-half results in September. He will leave the
Board at the end of 2024. He will be succeeded by Tony Nicol2, currently Director of Finance and Investor Relations and with
Funding Circle for six years, previously Group Financial Controller at IG Group.

Lisa Jacobs, Chief Executive Officer commented:

“We are pleased to report continued momentum on the path we set out in March to become a simpler, profitable business. The reduction in roles is not a decision we
took lightly, and I would like to thank all the departing team for their hard work and commitment.

I would also like to thank Oliver for his unwavering dedication to Funding Circle – it has been a pleasure to work alongside him. I am
delighted to see Tony, who has been with the Group for six years, stepping up into the CFO role. Looking forward, we will continue to execute against our plan to capture growth in a large underserved market as a simpler, profitable UK business.”