State of the Market: Cumulative alternative lending reaches £25bn in UK, €14bn in Europe

By Oliver Smith on Tuesday 13 October 2020

Alternative Lending

The sector has lent a combined £38.45bn across the UK and Europe since 2011.

State of the Market: Cumulative alternative lending reaches £25bn in UK, €14bn in Europe
Image source: Fas Khan on Unsplash.

Since 2011 peer-to-peer and marketplace lending in the UK has extended a whopping £25.67bn worth of loans to the SME, consumer and property sectors, according to data from the AltFi Alternative Lending State of the Market Report 2020.

The data provided by Brismo (recently acquired by LoanClear) also covers the rest of Europe, where €14.14bn has been leant cumulatively in the same timeframe, although the rate of lending is now approaching that of the UK.

Combined the entire European market of alternative lending has lent £38.45bn (€42.57bn) since 2011 when records began.

In that period Funding Circle has originated the most UK loans, with a cumulative £6.17bn since 2011, while Mintos in Europe has originated €4.55bn on its loan platform (which operates a loan marketplace quite unlike its rivals, and which inflates its figures as a kind of ‘P2P of P2Ps’).

The duo were responsible for the lion’s share of lending last year according to the State of the Market Report, with the UK market now being worth £6.26bn and the rest of Europe accounting for €6.6bn.

Want to find out where the European peer-to-peer and marketplace lending sector is heading next? Find out more in AltFi’s free Alternative Lending State of the Market Report 2020.

We're also hosting a free launch webinar to mark the 2020 edition of the report on 21 October where our team and some of the report's contributors will be discussing its findings in more detail and answering your questions.

Register your place today.

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