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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 ...

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