UK AltFi Sector Originates £ Quarter Billion in Record July

July was another record month for the UK AltFi sector and for the first time origination surpassed the quarter billion pound mark, coming in at £252.3m. This tally beat the previous record by a whopping £32m. The top three platforms by origination volume were: Zopa (£52.2m) Funding Circle (£47.5m) and RateSettter (£43.5m).

Figure 1: Monthly Origination Volume of the Liberum AltFi Volume Index from inception.

31% of the platforms within the index set themselves new monthly origination records (full list below), with overall origination volume growing 65% vs. July last year. Despite outright origination being a record, the growth rate is lower than the average for the last 12 months (87%) – July last year was also a big month. The Consumer Lending, Business Lending and Equity Crowdfunding segments also all registered record totals.

Zopa’s origination over the past month has been particularly noteworthy. The world’s oldest P2P lending platform continues to lead from the front, setting a new UK industry monthly origination record with £52.2m lent. In the process the platform became the first UK platform to surpass the psychological barrier that is £50m in a single month. How long is it going to be until we are reporting on a platform originating over £100m in a month? Zopa has already originated more volume this year than it did in the whole of last year – an illustration of the vigorous growth that the platform has exhibited this year.

Platform records were set by:

Zopa

Lending Works

FundingSecure

Funding Circle

FundingKnight

ArchOver

MarketInvoice

SyndicateRoom