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The 10 largest P2P and marketplace lending deals of Q2 2017

Growing interest in the asset class from institutional investors for both debt and equity in fintech lending platforms has been a strong feature of r

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ecent years.

The second quarter of 2017 saw UK firms such as Zopa and Ratesetter among the largest global fundraises achieved in the disruptive world of alternative lending.

While P2P and marketplace lending is more than a decade old - Zopa launched in 2005 - the real acceleration period for the industry has come in the past five years. While some firms are now profitable many are still tapping private markets to raise equity capital in order to facilitate growth and expansion as the industry reaches a more mature stage of its growth.  

The three months of this year, from April to the end of June, was a particularly active period for fundraising in the space. The top ten deals to marketplace lending companies received a combined investment total of $658m in the second quarter of the year, which represents 84 per cent of the total capital committed to deals in the sector, according to data provider Fintech Global.

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The largest deal in Q2 went to Chinese P2P lender Tuandaiwang which raised a whopping $262.6m of private equity funding in May. This was the only marketplace lending company in Asia to feature in the top ten deals.

Of the other nine companies five were based in Europe with Germany's Kreditech Holding receiving $120m from PayU.

The UK in particular has seen a boost in fintech funding, attracting £432m ($564m) of new venture capital investment in the first six months of 2017 representing an uptick of 37 per cent compared to the same period in 2016, according to research from Innovate Finance.

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