Lending Review

By Sukhwinder Shoker on 18th September 2015

To 5 UK Platforms by Market Share

Lending Review

Rank Platform Last 3 Month Market Share Month to Date Volume Cumulative Origination
1 Zopa 22.93% £33m £1055.9m
2 Funding Circle 21.38% £28.8m £819.5m
3 RateSetter 18.08% £25.6m £786.5
4 Market Invoice 11.76% £17.2m £502.8m
5 LendInvest 10.36% £m £390.4m

Source: www.altfidata.com

Growth in online financing activity at the top 4 UK marketplace lending platforms has accelerated in September after a slowdown in volume originations in August. To place the current month to date volumes in context, loan originations in September 2014 for Zopa, Funding Circle and RateSetter were £28.7m, £32.8m and £23m respectively. A year on, and over half way through September, the Liberum AltFi Volume Index UK is on track for a record month of origination.

Furthermore, RateSetter recently announced the onboarding of institutional funding as part of a wider strategy to diversify sources of investor capital. The platform intends to fund roughly a 3% proportion of its lending using institutional capital. We should expect to see a slight uptick in the platform’s lending growth. MarketInvoice has successfully surpassed half a billion in funding for SMEs, with over 34% of this amount being transacted in 2015 alone, highlighting the significant opportunity in invoice financing for businesses and investors.

In other news, there has been a positive change in the Liberum AltFi Returns Index, which stood at 5.4% at the end of August. 

Comments

AltFi Amsterdam Summit 2018

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.

5th November 2018


Companies in this Article:

Funding Circle
MarketInvoice
RateSetter
Zopa
Liberum
Circle