A Sector Snapshot of UK P2P Lending

Peer-to-peer lending (P2P) was founded in the UK in 2005 and is the leading source of online alternative finance for UK SMEs and consumers. Peer-to-peer lending has grown exponentially over the last few years with cumulative lending in the UK reaching almost £3.7 billion by October 2015, having approximately doubled in each of the last few years. The UK is the largest market in Europe, accounting for 85% of the European lending market. The UK's success in P2P lending can be largely attributed to a positive regulatory environment and consumer attitudes that are wary of traditional banking.

P2P lending is gaining popularity because of ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.