Chart of the Week W06-2017:
Following on the heels of Zopa's first £2 billion, Funding Circle became the first UK P2P business lender to reach the same milestone this past weekend. Evident in this chart is the acceleration in lending at Funding Circle since September 2016 positioning it to overtake Zopa in the coming weeks or months. Between Zopa, Funding Circle and RateSetter, £250 million was lent in January 2016.
For further background click here.
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.