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Lending Review

Top UK P2P Platforms by Market Share

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RankPlatformLast 3 Month Market ShareMonth to Date VolumeCumulative Origination1Zopa22.05%£2.1m£1025m2Funding Circle21.01%£4.7m£795.4m3RateSetter18.14%£3.9m£764.8m4Market Invoice12.00%£4.8m£490.3m5LendInvest10.57%£.m£390.4m


Bursting out of the blocks in September, Market Invoice has thus far recorded the largest month to date origination volume with over £4.8m in volume origination. LendInvest’s last 3 month average of origination volume has declined from £25m at the end of July to £22.9m at the end of August. There has been evidence of the UK housing market cooling down and a proposed interest rate rise from the Bank of England would add to this further. Whilst some analysts have cited the possibility of improving activity in the last quarter of 2015 under a low mortgage rate environment and higher wage growth, the magnitude of factors such as rising unemployment in recent months and tighter credit controls performed by lenders has yet to be seen.

The UK Alternative Finance industry continues on its surge to mainstream acceptance with 2015 volume originated now eclipsing the total amount of financing extended in the entirety of 2014.  Volumes dipped slightly in August for both the UK and Continental Europe volume indices although this is likely due to seasonality effects, which has resulted in slower growth in lending across the majority of platforms.

Leading the equity Crowdfunding industry in the UK, Crowdcube has successfully facilitated in excess of £100m of investment since the platform’s launch in 2011. The platform’s sturdy growth is set to continue with projects such as Brewdog, the well-known craft beer company, aiming to raise a sizeable proportion of the total £25m raise through the platform. 

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