The UK peer to peer lending trade body, the P2P Finance Association, has released detailed loan book data of its member companies; as a group the member companies have loaned more than £10.5 billion since inception; Funding Circle has the largest loan book at over £5 billion and they grew at an annual rate of 46% in the first quarter of 2019; the fastest growth in Q1 was recorded by Landbay with total lending of £294 million up 168% year over year; Funding Circle had the most active lenders on their platform at 81,234 while Zopa had the most borrowers at 238,145. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.