Sam Hodges didn’t start out as an entrepreneur.
He began his career in management consulting and then worked at a fund covering investments in financial technology companies. On the side, he helped some friends build a gym franchise.
Then in 2012, Hodges co-founded Funding Circle, a British peer-to-peer lending marketplace. A leader in the fintech space, Funding Circle bankrolls some of the best entrepreneurial ideas of others. The company’s platform allows institutions and individuals to bid online to lend money to small businesses.
Through its marketplace, Funding Circle provides business loans of up to $500,000 to small business owners in the US, UK, and other places in Europe. Thus far it has financed loans of £1 billion ($1.5 billion) globally.
Hodges dropped by Business Insider’s offices and offered some of his best advice for first-time entrepreneurs.
Business Insider Emails & Alerts
Site highlights each day to your inbox.