The UK-based P2P lending platform Funding Circle has just raised $150 million and has joined the billion dollar valuation club. The company plans to expand to regions beyond the UK and the US.

Launched in 2010, Funding circle has over 40,000 investors ranging from individuals to the government of the United Kingdom.

The company also announced a few key hires:

David Yu, formerly the CEO and CTO of online betting business Betfair, is now the company's chief product officer. Chitra Nayak, previously COO of Salesforce’s Platform business, is now the U.S. COO.