2015 AltFi Volume Breezes Past 2014 Grand Total!

By Sam Griffiths on 4th September 2015

August saw the UK Alternative Finance industry year to date volume surpass last year’s grand total, with over four months left of the year. Zopa lent its billionth pound and Crowdcube passed the £100m mark.

2015 AltFi Volume Breezes Past 2014 Grand Total!

Monthly origination volume dipped in August with the Liberum AltFi Volume Index UK rising by a mere £213m, down 16% from last month’s record breaking figure. Growth against August 2014 was 62%, only slightly down from July’s y-o-y growth of 66%, indicating that the cause for the dip was likely seasonal. The slowdown in activity appears to have been evenly spread across almost every platform. Only two platforms, Lending Works and Funding Secure, set new platform records, in contrast to the usual 5 to 6 platforms that we see setting records in a normal month.

To put August’s volume into context, however, it is still the fourth biggest volume month on record, surpassing all months before May this year. The chart above illustrates the step change in origination volume that was seen in July, this currently looks like an outlier rather than a trend. Our feeling is that July’s volume was not an outlier, but we’ll only really know whether that’s correct when we see how the September and October volumes pan out.

In addition to UK industry year to date volume surpassing 2014’s total, August also saw the top three platforms, Funding Circle, Zopa and RateSetter perform the same feat. Zopa’s year to date volume moved ahead of RateSetter’s for the first time since mid 2014, with £318m of lending vs RateSetter’s £317m. Funding Circle is close behind at £314m. A table of the top ten 2015 originator’s is shown below.

Rank

Platform

2015 Year to Date Origination Volume

1

Zopa

318,060,903

2

RateSetter

316,931,926

3

Funding Circle

314,046,540

4

LendInvest

195,445,465

5

Market Invoice

172,106,572

6

Wellesley & Co.

112,858,286

7

Crowdcube

45,896,678

8

ThinCats

36,162,000

9

Saving Stream

34,429,500

10

Folk 2 Folk

25,979,400

 

Liberum AltFi Volume Index

1,691,051,823

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