21st March 2019
Marketplace lending hit a record £6.1bn in 2018, according to Link Asset Services’ inaugural Marketplace Lending Index, powered by Brismo (formerly named AltFi Data).
The value of gross marketplace lending conducted by tech-enabled platforms (which includes crowdfunded or peer-to-peer loans) reached a quarterly record of £1.6bn in Q4, up 13.9% year on year.
The record end to 2018 marks an impressive rise for this form of lending. In 2011, new gross lending amounted to just £92m. It now takes a shade under six days for marketplace platforms to originate this amount....