Alternative Finance sector transactions top £810 million in November - up 8.5% over last month

By AltFi on 5th November 2013

P2P/Marketplace Lending

The UK AltFi sector has smashed past the £800 million mark for November according to research from AltFi Data.  

Alternative Finance sector transactions top £810 million in November - up 8.5% over last month

The seven main UK based Alternative Finance platforms (within the P2P lending and invoice funding space) reported total transactions to date of £829,313,382 on November 1st - an 8.5% increase over the month from October 1st 2014.

New player RebuildingSociety posted the biggest increase in transactions with total recorded transactions increasing 22% over the month to £2.708m, followed by Thincats (an increase of 14% over the month) and Market Invoice (up 12%).

Of the big three platforms, Ratesetter recorded the fastest growth in total transactions, putting on 11.6% in just one month. If the industry keeps up this pace of growth, total transactions should hit £2.12 billion by the end of October 2-14 - implying over £1.29 billion of possible new business for the next 12 months.

From next month AltFi Data will be recording data for a wider set of industry players, and focusing its analysis on underlying default rates and return estimates - if you have data you'd like to send us please contact sam@altfi.com. All data was taken from platforms own estimates and was true at November 1st 2014.

Platform

Total Transactions to date

Total Transactions to date

Change over month

 

At November 1st

At October 1st

%

Zopa

382,790,290

407,359,800

6.42

Ratesetter

112,743,423

125,883,503

11.65

FundingCircle

155,877,540

168,225,100

7.92

Thincats

36,461,000

41,583,000

14.05

Rebuilding Society

2,214,719

2,708,979

22.32

       

Total

764,347,972

829,313,382

 

Increase on month %

 

8.50

 

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Companies in this Article:

MarketInvoice
Brismo
RateSetter

People in this Article: