Lending Review

By Sukhwinder Shoker on Monday 12 October 2015

Alternative Lending

Top 5 UK P2P Platform by Market Share

Rank Platform  Last 3 Months Market Share Month to Date Volume Cumulative Origination
1 Zopa 23.21% £10.2m £1091.4m
2 Funding Circle 21.87% £9.5m £853.8m
3 RateSetter 19.12% £11.5m £819.9m
4 Market Invoice 11.81% £10.8m £520m
5 LendInvest 6.73% £.m £390.4m

Source: www.altfidata.com

The Liberum AltFi Volume Index UK had its second largest month of 2015 with £245m lent in September. The surge in loan transactions comes as a result of various flourishing sectors within the UK Alternative Finance arena, particularly as peer to peer consumer lending, invoice financing and equity crowdfunding – which each posted a record month of financing.

The top 3 UK marketplace lending platforms by “last 3 month market share” each enjoyed a record month, contributing a substantial 65% of September’s volume. The sharp increase in volume in September also steered the index to a record quarter of loan origination with 11% growth from the previous quarter.

October has thus far provided several landmark moments for RateSetter as the platform celebrated 5 years of successful lending operations and its passing of the £800m mark in cumulative loan origination. To add further context to the platform’s strong growth, RateSetter topped £360m in cumulative loan financing after four years of lending, and the platform has suggested that it expects to top £500m of lending in 2015. 

Sign up for our newsletters


Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.