Top 5 UK P2P Platforms by Market Share
|Rank||Platform||Last 3 Month Market Share||Month to Date Volume||Cumulative Origination|
Source: www.altfidata.com Data correct as of: 16/11/2015
The Liberum AltFi Volume Index (UK) crossed the £5bn mark in cumulative financing originations earlier in November, a major milestone in the remarkable growth of the nascent online lending industry. To contextualise this figure, £2.4bn of the total has been added in 2015 alone, demonstrating the growth of an industry which has spanned a little over a decade.
|Peer-to-Peer YoY Growth||80.70%||74.73%||69.29%||63.23%|
|Peer-to-Peer Consumer YoY Growth||77.51%||76.76%||72.16%||63.26%|
|Invoice Financing YoY Growth||78.68%||23.00%||14.48%||-0.94%|
|Crowdfunding YoY Growth||466.42%||294.51%||144.83%||69.93%|
According to the LAVI, annualised growth across sectors has accelerated in the latter half of 2015. The exception appears to be peer to peer consumer lending where Year-on-Year growth (YoY) has notably declined and fluctuated, but nevertheless has exceeded industry wide peer to peer growth. The reverse is accurate for marketplace business lenders, as shown in the table above. Significantly we can see that the acceleration in growth in invoice financing and equity crowdfunding has been little short of dramatic as we approach the closing stages of 2015.
The end of year will be significant for invoice financing, given the suppressed growth this particular sector of the wider industry endured in November and December 2014. With that said, the index on the whole registered increasing rates of growth in both months.
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.