Continental Europe Volume Roundup - March 2016

The Liberum AltFi Volume Index (Continental Europe) advanced ahead in March with €53.5m in volume origination across marketplace lending sectors  representing 45% Year-on-Year (YoY) growth. The previous record in February had been set at €52.4m.

The largest contribution was originated Pret D’Union with €18m in financing originated over the course of the month. The platform has succeeded in five consecutive months of growth in loan originations concluding with the most recent record month. In January we noted that Auxmoney had stopped publishing their origination volume on a daily basis. Auxmoney have now given AlTFi Data an update on their first quarter origination. The leading German consumer P2P platform facilitated over €35.3m over the first quarter 2016, this compares to €54.6m of origination published by the platform in the first quarter of 2015. The consumer lending segment (ex Auxmoney) was close to achieving a new record month in March posting €38m. The current sector record of €39.7m can be traced back to June 2015 although as the smaller players scale it is likely this record will be surpassed as summer looms. There are no signs of growth abating for Fellow Finance, Mintos and Twino  with these platforms adding yet another month of record volume. Mintos, in particular, enjoyed a stellar month of financing with origination growth of 201.4% on February. 

Following 3 months of consecutive growth in business lending origination volume, the segment posted a decline in March. On the back of a record month in February for Funding Circle Continental Europe, the platform was unable to sustain this level in March with a decrease of 57.1% in monthly origination. Nonetheless, record months were in hand for Lendahand (€0.61m), LoanBook (€0.8m) and Lendix (€3.4m) which together form 5.2% last 3 month market share. 

Finexkap had also experienced slower activity in March with €1.1m invoices financed representing a 2% Year-on-Year decline.