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.
