P2PFA members facilitated more than £865m of new lending in Q1

Members of the Peer to Peer Finance Association (P2PFA) facilitated more than £865m of new lending in Q1 2019.

The data included the lending of eight P2P lenders: CrowdProperty, Crowdstacker, Folk2Folk, Funding Circle, Landbay, Lending Works, ThinCats and Zopa.

Cumulative lending from the members totalled over £10.5bn in Q1 2019, up from the £9.6bn recorded in Q4 2018.

Robert Pettigrew, director at the P2PFA, said: “During the first three months of 2019, there has been an increase in levels of new lending, as well as in the number of lenders and borrowers across the P2PFA.

“More than a quarter of a million consumers, nearly 50,000 businesses and more than 800 real estate and development projects have loans financed by more than 150,000 lenders on member platforms. 

“Each of these — taken in the context of a trajectory of growth — underscores the valuable contribution which P2P lending platforms continue to make to the UK economy.”

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