The slide vs April was caused by a fall in origination in the business lending segment with volume down €5.3m. Funding Circle Continental Europe, the largest business lender, had its slowest month since July 2015 - before it became part of Funding Circle. The platform originated €3.6m over the month, significantly lower than the €10.2m high seen in February of this year.
Finexkap, on the other hand, posted a record month with €4.7m of origination. This betters their previous biggest month by almost €1.5m and makes it their fourth consecutive month of growth. 6 of the 24 platforms within the Continental European Liberum AltFi Volume Index posted new records in the month of May.
Aside from Finexkap, the other platforms to hit highs were:
Zlty Melon (€293k)
Fellow Finance (€4.1m)