P2PFA data confirms further steady growth

The P2PFA has published its latest quarterly lending data, covering the period between July and September 2017, confirming continued steady growth in levels of new lending and in the number of borrowers facilitating loans through peer-to-peer lending platforms.

Commenting on the data, Robert Pettigrew, Director of the P2PFA, said: ‘the performance of P2PFA platforms, in terms of the level of lending and the number of borrowers has seen continued steady growth during the last quarter – with more than £700 million lent over the period of which more than £472 million of loans went to businesses during these three months. Cumulative lending at the end of the same period in 2016 for P2PFA platforms was £4.2 billion, which underscores the continued steady progress which platforms have made in facilitating lending of more than £7.1 billion by the end of September 2017’.

He continued: ‘with all P2PFA members seeking full authorisation having received the regulator’s stamp of approval, it is clear that the sector is well-placed for further responsible growth and development in the interests of its customers, both borrowers and lenders’.

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: Folk2Folk, Funding Circle, Landbay, Lending Works, Market Invoice, ThinCats and Zopa.
  3. The table below shows levels of peer-to-peer lending by P2PFA platforms since Q4 2016:
Q4 2016Q1 2017Q2 2017Q3 2017
Cumulative lending£4,888,231,038£5,708,635,402£6,391,925,730£7,168,727,657
o/w lending to businesses£2,922,779,264£3,487,208,822£3,924,226,666£4,440,151,180
o/w lending to individuals£1,965,451,774£2,221,426,580£2,467,699,064£2,728,576,477
Base stock of loans (outstanding loan book)£2,132,049,663£2,497,408,800£2,745,490,796£2,958,326,435
o/w lending to businesses£1,213,693,991£1,470,605,094£1,630,765,546£1,754,510,098
o/w lending to individuals£918,335,672£1,026,803,706£1,114,725,250£1,204,816,337
New Lending£603,011,422£703,047,838£666,096,755£733,270,490
o/w lending to businesses£404,171,535£447,073,032£419,818,940£472,393,077
o/w lending to individuals£198,839,887£255,974,806£246,277,815£260,877,413
Capital repaid£370,158,773£401,358,998£411,834,014£508,891,428
o/w lending to businesses£249,776,784£253,832,226£253,477,742£337,105,103
o/w lending to individuals£120,381,989£147,526,772£158,356,272£171,786,325
Net Lending Flow£237,151,881£305,679,840£254,262,739£228,055,356
o/w lending to businesses£158,793,983£197,231,806£166,341,195£138,964,268
o/w lending to individuals£78,457,898£108,448,034£87,921,544£89,091,088
Number of current lenders121,476128,000140,098134,658
Number of current borrowers191,055214,631231,189246,813
o/w are businesses29,59434,56639,04343,425
o/w are individuals161,461180,065192,146203,388

4. The table below shows cumulative P2PFA platform level lending data since Q4, 2016:

 Q4 2016Q1 2017Q2 2017Q3 2017
Folk2Folk    £139,344,302£161,408,804£176,419,805
Funding Circle£1,830,397,245£2,158,457,107£2,455,740,443£2,747,357,362
Landbay£43,142,119£34,975,419£46,515,723£59,561,822
Lending Works£39,368,050£48,864,686£58,441,220£71,699,386
MarketInvoice£837,793,900£918,450,994£1,018,021,696£1,201,857,191
ThinCats£211,446,000£226,981,000£242,540,000£254,955,000
Zopa£1,926,038,724£2,172,561,894£2,409,257,844£2,656,877,091
Total£4,888,231,038£5,708,635,402£6,391,925,730£7,168,727,657

 

5. The graph below shows cumulative lending for P2PFA platforms between 2010 and 2017:
2017.10.23 - P2P cumulative lending data

 

 

 

 

 

 

 

 

Contact

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

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

 

2017.10.23 – PressNotice – P2PFA data confirms further steady growth

2017.10.20 – Q3 2017 quarterly data