Funding Circle, an online small-business lender based in London, announced Thursday that it has added two new executives to its U.S. operations.

Joanna Karger is the firm’s new U.S. head of capital markets. She has more than 30 years of experience working in capital markets, and most recently served as an executive vice president at Renew Financial, according to Funding Circle.

Karger succeeds Albert Periu, who left the privately held company earlier this year and is the co-founder of a startup called Neptune Financial.

Meanwhile, Richard Stephenson joined Funding Circle as the company’s new U.S. chief compliance officer. He most recently served as chief compliance officer of the $45.8 billion-asset Silicon Valley Bank in Santa Clara, Calif.

Richard Stephenson
Richard Stephenson will head up compliance for Funding Circles's U.S. operations.

Stephenson succeeds David Spack, who recently left the company and joined Bond Street, a New York-based online small-business lender.

“Joanna and Richard have deep experience in building and scaling robust financial services businesses, and we are thrilled they will be playing integral roles in
Funding Circle’s continued growth in the U.S. market,” Sam Hodges, Funding Circle’s U.S. managing director, said in a press release.

Funding Circle, which was founded in 2010, says that it has lent more than $3 billion to more than 25,000 businesses globally. The firm’s U.S. operations are based in San Francisco.

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Kevin Wack

Kevin Wack

Kevin Wack is a California-based reporter for American Banker who covers the U.S. consumer finance industry.