September Bounce Back for Continental European AltFi Platforms

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.