AltFi.com uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your device. By continuing to use this site you accept this use of cookies. Go to the Privacy and Cookies page for more information. You'll see this message only once.
Not signed in. Log in here.

Your daily download of all things alternative finance and fintech, from us at AltFi


 

Lending Review




By Sukhwinder Shoker on 7th September 2015

Simon Cunningham, https://goo.gl/3OZuV3

Top UK P2P Platforms by Market Share

 

Rank Platform Last 3 Month Market Share Month to Date Volume Cumulative Origination
1 Zopa 22.05% £2.1m £1025m
2 Funding Circle 21.01% £4.7m £795.4m
3 RateSetter 18.14% £3.9m £764.8m
4 Market Invoice 12.00% £4.8m £490.3m
5 LendInvest 10.57% £.m £390.4m

Source: www.altfidata.com

 

Bursting out of the blocks in September, Market Invoice has thus far recorded the largest month to date origination volume with over £4.8m in volume origination. LendInvest’s last 3 month average of origination volume has declined from £25m at the end of July to £22.9m at the end of August. There has been evidence of the UK housing market cooling down and a proposed interest rate rise from the Bank of England would add to this further. Whilst some analysts have cited the possibility of improving activity in the last quarter of 2015 under a low mortgage rate environment and higher wage growth, the magnitude of factors such as rising unemployment in recent months and tighter credit controls performed by lenders has yet to be seen.

 

The UK Alternative Finance industry continues on its surge to mainstream acceptance with 2015 volume originated now eclipsing the total amount of financing extended in the entirety of 2014.  Volumes dipped slightly in August for both the UK and Continental Europe volume indices although this is likely due to seasonality effects, which has resulted in slower growth in lending across the majority of platforms.

 

Leading the equity Crowdfunding industry in the UK, Crowdcube has successfully facilitated in excess of £100m of investment since the platform’s launch in 2011. The platform’s sturdy growth is set to continue with projects such as Brewdog, the well-known craft beer company, aiming to raise a sizeable proportion of the total £25m raise through the platform. 

Comments


Enter your name:

Enter a comment in the box below:

More like this:

The Different Business Models of Crowdfunding
8th July 2016
Lisa Walls-Hester
How Sophisticated Are You?
12th May 2016
Lisa Walls-Hester
Lending Review
24th August 2015
Sukhwinder Shoker
Lending Review - Funding Circle Surpass Industry Record
3rd December 2015
Sukhwinder Shoker