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.