P2PFA platforms surpass £10bn of lending

P2PFA platforms surpass £10bn of lending

Total lending facilitated by Peer-to-Peer Finance Association (P2PFA) platforms passed £10bn during Q3 2018.

The Association’s quarterly data results featured contributions from nine member platforms, including CrowdProperty, which joined the P2PFA in July.

The results also found that during 2018, platforms have lent more than £900m each quarter, with the net lending flow of capital increasing between the second and third quarters of the year.

The P2PFA reported that across all lending sectors, there had been increased interest from institutional investors for loans to businesses, consumer and real estate lending markets.

It felt that this interest was driving additional due diligence on platforms, which enable co-investing retail lenders to benefit from loans.

“With this exciting milestone, it is clear that the significance of the P2P lending sector’s contribution to the UK economy continues to grow in magnitude,” said Robert Pettigrew, director at the P2PFA.

“Across the entire spectrum of small business, consumer and real estate lending, each billion facilitated by member platforms represents thousands of borrowers and investors helping each other achieve their goals – accessing the finance that they need or earning attractive returns.”

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