By Ryan Weeks on 5th February 2014
The Liberum AltFi Index is back with three major takeaways:
After jumping from 6.01% in November to 7.14% in December, the sector growth rate now stands at 8.19% – the highest it has been since the month of October. This is thanks in no small part to a number of new platforms partaking in our statistical analysis. The growth rate of the Liberum AltFi Index old guard (Zopa, RateSetter, Funding Circle, ThinCats, Market Invoice and Rebuildingsociety) actually fell from 7.14% to 7.06%. The newly-factored-in platforms have now provided 2 months of headline figures, and the growth rate for the industry as a whole can now be deduced with them taken into consideration.
A few of these newly-considered platforms are also relatively new entrants to the industry itself. Wellesley & Co. and LendInvest are two fresh faces that already boast impressive net flows of $4,553,500 and a whopping £26,395,451 respectively. We at AltFinanceNews recently included both of these platforms in a report named the Daring Dozen (http://www.altfi.com/downloads/daringdozen.pdf) – a study of twelve bold and innovative platforms which we believed stood a good chance of becoming major players in the alternative finance world. Wellesley & Co. and LendInvest are already there.
LendInvest in particular have made quite the splash since arriving on the scene in May 2013. They revealed only this month that they had completed the world’s largest ever peer-to-peer loan – worth a grand total of £4.12 million. Now they boast an industry-leading (and by no small margin) growth rate of 65.9% through the month of January. We asked Christian Faes, CEO of LendInvest, for comment:
"LendInvest is now one of the fastest growing P2P platforms in the world. As experienced lenders that have been lending in the short-term mortgage market for over 5 years, investors are understandably excited about our investment proposition going online with the LendInvest platform. As a secured P2P platform, LendInvest provides investors with superior risk adjusted returns, and we expect this to continue to be a very attractive proposition for all involved."
Other minor takeaways from the Liberum AltFi Index include:
You can view all the net aggregate flows, industry totals and growth rates for the month of January below:
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.