Chart of the Week W06-2017:
Following on the heels of Zopa's first £2 billion, Funding Circle became the first UK P2P business lender to reach the same milestone this past weekend. Evident in this chart is the acceleration in lending at Funding Circle since September 2016 positioning it to overtake Zopa in the coming weeks or months. Between Zopa, Funding Circle and RateSetter, £250 million was lent in January 2016.
For further background click here.