The Race to the First £1bn

By Sam Griffiths on 9th April 2015

Which UK Platform will lend the first £1bn?

The Race to the First £1bn

£1 billion in cumulative lending is a symbolic milestone for the individual platforms that make up the UK industry. But which platform will get there first? Surely it will be Zopa? Zopa is the world’s original and oldest P2P lending platform, it’s been around for 5 years more than any other platform and it is currently over £200m ahead of any other UK platform in terms of cumulative lending, sitting at just over £800m today. 

However, the other two contenders, RateSetter and Funding Circle are growing at a faster rate.  If all three platforms continue to grow at their current rate, AltFi Data predict that its going to be a very close run affair, too close to call infact, with all three platforms hitting the £1bn milestone within a few weeks of each other at around the year end.  Check out the charts below and expect fireworks this December!  


Insurance AI & Analytics USA

Insurance AI & Analytics USA (June 27-28, Chicago) is the only forum bridging the gap between the analytical and data minds and the business transformation leaders. As carriers rush to meet customer demands and deliver continuous business growth without dramatically increasing costs, deploying innovative technologies such as AI, machine learning and advanced analytics can be the only way to remain competitive. But in order to deliver real value to the organization, these innovations must have a real application in the core business areas and directly improve operational efficiency and deliver a seamless customer experience

26th June 2018