P2PFA platforms facilitated loans worth nearly £3 billion during 2018, with more than 288,000 current borrowers during the fourth quarter, as further evidence of the maturity of the UK peer-to-peer lending market is revealed.

The quarterly data reveal that during the final quarter of 2018 more than £800 million of new lending was facilitated by P2PFA platforms, comprising £527 million to businesses and £282 million to almost a quarter-of-a-million consumers. Cumulative lending among P2PFA platforms has now exceeded £5.5 billion for business lending and £4 billion for consumer lending.