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Lending Review - Funding Circle Surpass Industry Record




By Sukhwinder Shoker on 3rd December 2015


Top 5 UK P2P Platforms by Market Share

 

Rank

Platform

Last 3 Month Market Share

Month to Date Volume

Cumulative Origination

1

Zopa

22.37%

£50.5m

£1187.3m

2

Funding Circle

22.07%

£62.7m

£952.9m

3

RateSetter

20.08%

£48.8m

£908.4m

4

Market Invoice

12.54%

£28.9m

£581.5m

5

LendInvest

6.88%

£.m

£441.m

Source: www.altfidata.com                                                                            Data correct as of: 30/11/2015

 

Funding Circle have eclipsed the industry record for monthly P2P volume originations, a record which was previously held by Zopa with £58.3m in loan financing. The platform is on course to surpass £1bn in cumulative financing before year-end with £44.3m in lending required in December to hit the milestone, and with it the triumph of becoming only the second marketplace lending platform in the UK to do so.

 

Month

Nov-15

Oct-15

Sep-15

Aug-15

Jul-15

Invoice Financing Monthly Volume (£m)

 

31,480,176

 

36,751,912

 

32,343,423

 

28,537,818

 

29,954,284

YoY Growth

112.94%

62.87%

35.08%

23.28%

5.44%

 

Whilst the invoice financing sector has not yet reached the heights of October in terms of invoices traded, an interesting trend has emerged in YoY growth figures. During July 2014 – November 2014 the sector experienced a general decline in monthly volume, whilst the reverse has been true for 2015 over a similar time frame. A factor contributing to this may be a changing SME mix now served by the leading players in this segment of the P2P market, which previously may have been concentrated on seasonal businesses.

 

Moving onto institutional activity in the peer-to-peer lending industry, AltFi Investor recently released a report looking into the performance of various P2P funds and how they stack against other alternative investment funds. 

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