January 2019

P2PFA platforms surpass £10 billion in cumulative lending

Total lending supplied by P2P Finance Association members surpassed £10 billion in the last quarter of 2018 with most lending going to small businesses. This clearly demonstrates the importance of P2P in developing and nurturing existing businesses in a difficult economy. The part played by thousands of individual lenders play in the UK economy is considerable and should be loudly applauded.

Posted in FinTech news
MoneyThing Makes Peer2Peer Finance News

We hit the pages of Peer2Peer Finance News on Friday. If you didn't catch it, the link is below.


Posted in FinTech news
Alternative finance jumps from 4.6 billion to 6.2 billion in one year.

The 5th UK Alternative Finance Industry Report by the Cambridge Centre for Alternative Finance (CCAF) finds that the UK online alternative finance market volume grew by a whopping 35 percent in 2017. Peer-to-peer business lending has become an increasingly important part of overall financing of smaller British businesses, according to the report.
Peer-to-peer (P2P) business lending retained the top spot as the largest market segment in online alternative finance, with £2 billion in transaction volume in 2017 and 65 per cent year-on-year growth. Assuming that the vast majority of P2P business borrowers are small businesses with turnover of less than £2 million, P2P business lending was estimated to be equivalent of 29.2 per cent of all new bank loans to small businesses in 2017 – nearly double the 15.3 per cent figure in 2016.
“P2P business lending is becoming an increasingly important contributor to overall SME financing in the UK,” the report says.
Following P2P business lending at £2 billion, the largest UK alternative finance categories in 2017 were P2P consumer lending at £1.4 billion, followed by P2P property lending at £1.2 billion and invoice trading at £787 million.

Posted in FinTech news

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