Lending Review

By Sukhwinder Shoker on Monday 24 August 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 22.14% £31.4m £1004.3m
2 Funding Circle 20.88% £31.7m £777.4m
3 RateSetter 18.38% £23.2m £747m
4 Market Invoice 11.91% £18.3m £478.6m
5 LendInvest 7.50% £.m £365.4m

Source: www.altfidata.com

Zopa surpassed the £1bn mark in cumulative originations and becomes the first European marketplace lending platform to do so. Driving a significant rise in monthly volumes for the platform has been a marked increase in the diversification of the supply of capital as well as types of borrowers accepted. AltFi Data has recently had a look into the impact institutional activity is having on cumulative originations across Funding Circle, RateSetter and Zopa. It will be very interesting to see the various blends of retail and institutional financing preferred by platforms.

The UK AltFi sector smashed passed the quarter billion milestone for the month of July bringing forth yet another industry record. A number of platform records were established in July, undoubtedly contributing to a surge in monthly volume.

In other analysis, AltFi Data has been digging into MarketInvoice’s loanbook looking at metrics such as number of transactions, average term, gross yield and crystallised loss. Market Invoice are also on the verge of being included in the Liberum AltFi Returns Index (LARI), which tracks the returns generated from marketplace lending. As of the end of July there has been a slight uptick in returns for investors which currently stand at 5.34%. 

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.