September Bounce Back for Continental European AltFi Platforms

By Sukhwinder Shoker on Monday 5 October 2015

Features

The Liberum AltFi Volume Index (Continental Europe) bounced back in September recording 156% Year-on-Year (YoY) growth. Auxmoney is always a significant contributor to the monthly volume index having recorded a market share over the last 3 months of 50.85%.  This month they have stormed ahead posting a record month of loan financing representing an astonishing 40% growth from the previous month. A record month of financing was also achieved by Mintos, Lendahand and Lendix. Peer-to-Peer consumer lending surpassed the €1bn milestone. Meanwhile growth in SME lending remains strong, displaying an annualised growth rate of 178% to the end of March.  However the absolute value of loan originations is relatively smaller (€150m) than that of P2P consumer lending.

A table of the top 5 platforms by 2015 Year-to-Date volume originations is shown below. Whereas some platforms in continental Europe, namely Auxmoney and Zencap, have thrived in 2015 others have suffered weaker YoY growth. A disparity in growth is particularly clear to see for TrustBuddy: earlier this year the platform announced considerable changes in strategy and, more recently, revealed management re-structuring designed to accelerate innovation and execution. 

Rank

Platform

2015 YTD Origination Volume (€m)

 

YoY growth

1

Auxmoney

217.4

216%

2

Pret D'Union

97.8

30.8%

3

TrustBuddy*

44

-27.2%

4

Bondora

31.9

51.2%

5

Zencap

27.8

445.3%

* TrustBuddy data updated quarterly

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