Niels Turfboer

The continental Europe and UK markets are not too dissimilar. Niels said Spotcap uses continental Europe to test its models before going to other markets. The only significant difference between the markets is risk exposure. 

Antoni said there are markets where Fellow Finance doesn't invest like Germany because it requires a full banking license. Fellow Finance is not comfortable partnering with an external bank because it likes to keep everything in-house. 

Niels believes it is important to maintain the company's product set and expand in to countries which are compatible when it comes to growth. Whereas Antoni believes products should be added when there is a demand in new markets like Sweden. 

• Will technology-enabled platform lending move into the mid market space? Thabe said to lend to the mid-market he believes every loan needs “a pair of real eyes” along side automation of certain aspects of underwriting.
• Law adds that “it is hard work in the middle”. He said online lenders will do well in the sub-200k level where as banks will dominate £10m plus.
• Kindert, head of alternative credit at NNIP, said there is some oversupply in some areas of the non-bank lending space but that in others “there are still opportunities.”
• Spotcap’s Turfboer meanwhile said that going into multiple jurisdictions is not  easy for mid market lending and added that banks and fintechs may both find it difficult to make this space profitable.

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