By Sukhwinder Shoker on Monday 5 October 2015
The Liberum AltFi Volume Index (Continental Europe) bounced back in September recording 156% Year-on-Year (YoY) growth. Auxmoney is always a significant contributor to the monthly volume index having recorded a market share over the last 3 months of 50.85%. This month they have stormed ahead posting a record month of loan financing representing an astonishing 40% growth from the previous month. A record month of financing was also achieved by Mintos, Lendahand and Lendix. Peer-to-Peer consumer lending surpassed the €1bn milestone. Meanwhile growth in SME lending remains strong, displaying an annualised growth rate of 178% to the end of March. However the absolute value of loan originations is relatively smaller (€150m) than that of P2P consumer lending.
A table of the top 5 platforms by 2015 Year-to-Date volume originations is shown below. Whereas some platforms in continental Europe, namely Auxmoney and Zencap, have thrived in 2015 others have suffered weaker YoY growth. A disparity in growth is particularly clear to see for TrustBuddy: earlier this year the platform announced considerable changes in strategy and, more recently, revealed management re-structuring designed to accelerate innovation and execution.
| Rank | Platform | 2015 YTD Origination Volume (€m) |
YoY growth |
| 1 | Auxmoney | 217.4 | 216% |
| 2 | Pret D'Union | 97.8 | 30.8% |
| 3 | TrustBuddy* | 44 | -27.2% |
| 4 | Bondora | 31.9 | 51.2% |
| 5 | Zencap | 27.8 | 445.3% |
* TrustBuddy data updated quarterly
