Slow Days in May for European Origination Volumes

The Liberum AltFi Volume Index Europe saw origination volumes fall in May with €41.0m of financing arranged, down almost 20% on last month. This is the smallest monthly volume for the Index, which tracks Alternative Finance origination volume for Europe excluding the UK, since November last year – a full 6 months. Having looked at the breakdown of volume, no one platform stands out as having had a particularly bad month, volumes just appear to be down across the board. Let’s hope it’s a blip as opposed to the beginning of a trend.

Auxmoney was once again the busiest platform during the month, lending €22.0m and accounting for just over half of the entire industry’s origination in the process!

Trustbuddy released their Q1 results during the month and with it their Q1 volumes which are now included in the index total. Trustbuddy’s volumes for the quarter were slightly lower than those seen in the Q4 2014 but were still 20% up on the same period last year. Trustbuddy has been in the news a lot recently witha poorly performing shareprice and a restructuring of the business. You can read all about it here.