Funding Knight had a stellar month, setting a new platform best by lending almost £3m over the course of March. In doing so, it almost trebled its previous best month. It is really great to see the labours of this hard working platform begin to translate into good volume growth.
The end of March also marks the end of the first quarter and what a quarter it has been - £571m in origination, bettering the industry’s previous biggest volume quarter (4Q14) by over 25%. All three major sectors – P2P Consumer lending, P2P Business lending and equity crowdfunding posted new volume highs. The vast majority of individual platforms also set new quarterly records. To put some context around the first quarter’s performance, the industry’s origination for the whole of 2013 was only £83m more than the origination seen in the first quarter of 2015. RateSetter deserves a special mention, notching up the largest origination of any platform over the quarter and also the setting the largest quarterly origination of any UK platform with £122m lent - £18m more than the platform lent in the whole of 2013. A massive achievement. Well done.
The UK AltFi industry is still very much on the rise with annual growth rates well above 100% and nothing to indicate that this will not continue.