P2P platform lends £250m in 1 year

Peer-to-peer lending platform Zopa, has today announced it has lent a quarter of a billion pounds in 12 months to UK borrowers.

 This also includes a record month of lending at Zopa as the platform lent £27 million in October alone.
 
In reaching this milestone, Zopa has now lent a total of £657 million with 38 per cent of this total being lent in the last 12 months.  
 
Giles Andrews, Zopa’s CEO and co-founder said: “We are delighted to have lent a quarter of a billion pounds in 12 months. To put that into perspective Zopa has lent more in the last year than we had lent in seven years of lending from 2005-2012.

“The industry growth we’re seeing really goes to show that P2P lending is fast becoming a mainstream activity. Our mission is to always provide great value to our customers by making money simple and fair.”