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P2PFA platform-facilitated lending approaches £9 billion

Quarterly data covering the period up to the end of March 2018, published today by the Peer-to-Peer Finance Association (P2PFA), reveals that cumulative lending by P2PFA members is fast-approaching £9 billion, with almost 150,000 investors currently providing loans facilitated through P2PFA platforms to more than fifty-thousand businesses and 221,000 consumers.

Commenting on the data, Robert Pettigrew, Director of the P2PFA, said: ‘Levels of lending made possible through P2PFA platforms has continued to grow during the first quarter of 2018 – and this has been particularly pronounced for business loans where more than £660 million in new lending has been facilitated in the first three months of 2018. Indeed, since the third quarter of 2017, there has been a thirty-five per cent increase – some £75 million – in net lending to businesses by P2PFA platforms, which contrasts with data published by the Bank of England for banks, and highlights the important role played by the peer-to-peer lending sector in ensuring that businesses have access to the finance needed to fuel our economy’.

He continued: ‘These impressive figures demonstrate, yet again, that the peer-to-peer lending sector continues to secure its position as an attractive proposition for investors and borrowers and consolidates its status as a sustainable component in the wider financial services landscape’.

ENDS

Notes to Editors

  1. Peer-to-peer lending – regulated by the Financial Conduct Authority since April 2014 – involves direct matching of funds between investors and borrowers through an on-line platform. Investors range from retail consumers to institutional investors as well as the government. Borrowers range from consumers, small businesses, property developers and buy-to-let. Peer-to-peer lending platforms match investors and borrowers directly for a fraction of the cost of traditional financial services entities, providing benefits to customers on both sides of the transaction.
  2. The Peer-to-Peer Finance Association (P2PFA) was established in 2011 as a representative and self-regulatory body for debt-based peer-to-peer lending. The P2PFA seeks to inform and educate, promote high standards of business conduct, and work with policy-makers and regulators to ensure an effective regulatory regime. P2PFA members are required to meet robust standards for the transparent, fair and orderly operation of peer-to-peer lending. The member platforms are: Crowdstacker, Folk2Folk, Funding Circle, Landbay, Lending Works, MarketInvoice, ThinCats and Zopa.
  3. The table below shows aggregate levels of peer-to-peer lending by P2PFA platforms during the four quarters leading to Q1 2018.
Q2 2017Q3 2017Q4 2017Q1 2018
Cumulative lending£6,391,925,730£7,168,727,657£8,033,329,880£8,962,960,776
o/w lending to businesses£3,924,226,666£4,440,151,180£5,039,000,838£5,699,559,956
o/w lending to individuals£2,467,699,064£2,728,576,477£2,994,329,042£3,263,400,820
Base stock of loans (outstanding loan book)£2,745,490,796£2,958,326,435£3,258,708,518£3,530,634,586
o/w lending to businesses£1,630,765,546£1,754,510,098£1,971,666,313£2,170,368,751
o/w lending to individuals£1,114,725,250£1,204,816,337£1,287,042,205£1,360,265,835
New Lending£666,096,755£733,270,490£836,982,950£929,137,724
o/w lending to businesses£419,818,940£472,393,077£571,229,385£660,076,506
o/w lending to individuals£246,277,815£260,877,413£265,752,565£269,061,218
Capital repaid£411,834,014£508,891,428£551,968,213£641,924,952
o/w lending to businesses£253,477,742£337,105,103£369,441,516£446,087,365
o/w lending to individuals£158,356,272£171,786,325£182,526,697£195,837,587
Net Lending Flow£254,262,739£228,055,356£277,677,738£287,533,338
o/w lending to businesses£166,341,195£138,964,268£194,451,870£214,309,707
o/w lending to individuals£87,921,544£89,091,088£83,225,868£73,223,631
Number of current lenders140,098134,658138,829148,222
Number of current borrowers231,189246,813263,110276,278
o/w are businesses39,04343,42548,83454,485
o/w are individuals192,146203,388214,276221,793

4. The table below shows cumulative P2PFA platform level lending data during the four quarters to Q1 2018:

 Q2 2017Q3 2017Q4 2017Q1 2018
Crowdstacker  £35,209,322£37,714,968
Folk2Folk£139,344,302£176,419,805£191,918,805£212,510,805
Funding Circle£2,158,457,107£2,747,357,362£3,093,910,983£3,448,615,744
Landbay£46,515,723£59,561,822£82,627,314£109,445,017
Lending Works£48,864,686£71,699,386£83,183,353£98,772,559
MarketInvoice£918,450,994£1,201,857,191£1,366,252,414£1,611,099,422
ThinCats£226,981,000£254,955,000£269,082,000£280,174,000
Zopa£2,172,561,894£2,656,877,091£2,911,145,689£3,164,628,261
Total£6,391,925,730£7,168,727,657£8,033,329,880£8,962,960,776

 

Contact

Robert Pettigrew (Director: Peer-to-Peer Finance Association):

e-mail – robertpettigrew@p2pfa.eu; telephone: 07771-547462

 

2018.04.19 – PressNotice – P2PFA platform-facilitated lending approaches £9bn

2018.04.16 – Q1 2018 data series

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