Lending Review

By Sukhwinder Shoker on Friday 26 June 2015

Alternative Lending

Top 5 UK P2P Platforms by Market Share

Rank Platform Last 3 Month Market Share Month to Date Volume Cumulative Origination
1 Zopa 20.77% £32.4m £909m
2 RateSetter 18.42% £30.9m £672.5m
3 Funding Circle 17.56% £33.9m £687m
4 Market Invoice 10.79% £17.9m £426.5m
5 LendInvest 10.76% £m £321.7m

Source: www.altfidata.com

As we approach the end of June Zopa and Funding Circle appear on track to surpass £40m in monthly origination volume – this would mark the first time two leading UK platforms achieved such a feat. Zopa currently hold the record for monthly UK origination volume with £45.4m loan volume origination in April 2015.

At the end of December 2014 AltFi Data released 2015 volume predictions for the UK alternative Finance industry. With half of 2015 remaining AltFi Data have published an update on these predictions using regression analysis on the most recent growth data recorded for individual platforms. According to the latest predictions, the UK alternative finance industry is on course for £3bn in volume originations in 2015.

There had been much press speculation surrounding Funding Circle’s valuation following the platform’s Series E funding round. From Companies House filings AltFi Data have confirmed Funding Circle’s status as a unicorn, a Silicon Valley term used for private tech companies with valuations of $1bn+. 

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.