The summer slow down appears to have affected marketplace consumer lending (down 23%) more than business lending, which only saw a 7.5% fall from July’s record €10.2m in SME loan financing. Pret d’Union, Bondora and Fixura all experienced significant dips in origination activity through their platforms, contributing to the overall reduced monthly volume in consumer lending.
Zencap, the German business lending platform, bucked the market trend, accomplishing a record breaking month with over €5m in volume origination. That is also far greater than other peer to business lenders in continental Europe, according to the index. Platforms will undoubtedly have their eye on year-end figures and it may be the case that we see lending volumes ramping up in the forthcoming months as platforms strive to hit volume targets.
