Case Study: Funding Circle saves circa £1m with Gatekeeper

How Funding Circle saved a total value of circa £1Million with Gatekeeper

Funding Circle, the UK’s largest loan platform for SMEs based in London, was struggling to manage a growing number of third-party vendors. Using Google Drive for contract storage and due diligence created poor visibility, missed renewal deadlines, and compliance challenges. To solve this, Funding Circle selected Gatekeeper, a supplier management and contract management platform, after assessing tools on functionality, innovation, and cost.

With Gatekeeper’s centralized repository, automated workflows, notifications, and due-diligence tracking, Funding Circle gained much better control and visibility over contracts, suppliers, and spend. The company was able to identify and terminate contracts that no longer served it, generating savings of circa £1 million. Gatekeeper also helped Funding Circle improve governance and reduce third-party risk.

Funding Circle

Krupa Patel

Head of Procurement UK & US