By Sam Griffiths on Friday 8 May 2015
18 platforms from 11 nations across Europe are now represented in the Liberum AltFi Volume Index for Europe excluding the UK. April saw €46.6m of loan origination reported by peer to peer platforms across consumer and business lending in Europe. This amount represents steady growth from the previous month, although it is still a fraction of the €285m recorded for UK platforms in the same period highlighting the embryonic stage of growth for the rest of Europe.
AltFi Data has been looking into the development of the industry and we predict that industry volume in Europe (ex UK) will surpass the key milestone of €1bn cumulative origination in July 2015. This is a huge milestone in the growth of the European industry. We see the industry going on to reach €1.35bn in cumulative lending by the end of 2015, meaning that 2015 origination volume will be €680m, €10m more than the volume done in the previous 7 years combined!
In terms of individual platform performance this month, Auxmoney originated significantly more than other platforms in the index at €21.4m. Bondora and Pret D’Union also weighed in with considerable contributions to April’s total volume with €8.3m and €7.5m respectively. The amount financed by these three platforms in April represents 78.2% of total volume recorded.
The hot sector remains peer to peer business lending with 171.5% growth in volume over the 12 months to the end of April. This figure stands well above the 95% peer to peer industry growth over the same period and consumer lending with growth of 86.92% in contrast. However, peer to peer business lending is coming from a much lower base with lending from the consumer lending segment of the market accounting for almost 85% of volume in April.