Zopa posted the most origination volume for October with £55.6m. In second place was RateSetter with £51.2m, a new record for the platform and the first time that it has breached the £50m mark in a month. Funding Circle reported £46m of origination, putting them in third spot in the UK industry with only their third best month of all time.
Monthly UK Origination Volume
In contrast to other months, where usually many platforms set new volume records, there were only two this month. RateSetter and MarketInvoice. MarketInvoice posted a massive month with £40.3m of invoices traded, this betters their previous high by £13.8m, or just under 50%. Could it indicate that the recent changes in the platform’s product offering (such as its new contract finance product) are beginning to kick in?