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. 

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