The landmark figure is almost as large as the size of the entirety of the alternative finance sector in the UK. Even more shockingly, roughly half of the $1 billion has been raised in the last 12 months. To dig a little deep into this milestone; 224 countries have seen investors make use of the platform. US backers have provided $663 in funding, UK backers have contributed $54 million. Almost 16,000 people have individually supported more than 50 projects. As was often mentioned at the AltFi Summit yesterday, originating lenders is the real challenge – not retaining them.
You can view their celebratory info-graphic here:
