The Liberum AltFi Volume Index (UK) has climbed to in £5.7bn in cumulative lending. The annualized growth for the combined loan volume origination of the top 5 UK platforms is 100%. This is in line with the annual growth of the wider peer to peer lending sector.
RateSetter has become the third platform in the UK to surpass £1bn in cumulative origination lending and, according to the Liberum AltFi Volume Index (UK) has become the fastest UK platform to hit the mark. Monthly volume origination has been growing steadily since the platform’s inception and this month RateSetter is on course to go beyond the record £53.5m it facilitated in December 2015, underlining a strong start to 2016.
RateSetter have also added fields earlier this month to their publicly available loanbook providing greater depth and transparency for consumers. Some highlights of RateSetter’s loanbook exploration include:
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.