The UK Peer to Peer Finance Association (P2PFA) has published their quarterly numbers on sector growth for the third quarter of 2017. Covering the period between July and September 2017, the P2PFA says the numbers confirm continued steady growth in levels of new lending and in the number of borrowers facilitating loans through peer-to-peer lending platforms.
“The performance of P2PFA platforms, in terms of the level of lending and the number of borrowers has seen continued steady growth during the last quarter – with more than £700 million lent over the period of which more than £472 million of loans went to businesses during these three months. Cumulative lending at the end of the same period in 2016 for P2PFA platforms was £4.2 billion, which underscores the continued steady progress which platforms have made in facilitating lending of more than £7.1 billion by the end of September 2017,” stated Robert Pettigrew, Director of the P2PFA. “With all P2PFA members seeking full authorisation having received the regulator’s stamp of approval, it is clear that the sector is well-placed for further responsible growth and development in the interests of its customers, both borrowers and lenders.”
The P2PFA was established in 2011 as a representative and self-regulatory body for debt-based peer-to-peer lending. P2PFA members are required to meet robust standards for the transparent, fair and orderly operation of peer-to-peer lending. The current members include: Folk2Folk, Funding Circle, Landbay, Lending Works, Market Invoice, ThinCats and Zopa. Over the years, the P2PFA has altered its membership. Most recently, RateSetter removed itself from the group.
| P2PFA Q3 2017 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | ||
| Cumulative lending | £4,888,231,038 | £5,708,635,402 | £6,391,925,730 | £7,168,727,657 | ||
| o/w lending to businesses | £2,922,779,264 | £3,487,208,822 | £3,924,226,666 | £4,440,151,180 | ||
| o/w lending to individuals | £1,965,451,774 | £2,221,426,580 | £2,467,699,064 | £2,728,576,477 | ||
| Base stock of loans (outstanding loan book) | £2,132,049,663 | £2,497,408,800 | £2,745,490,796 | £2,958,326,435 | ||
| o/w lending to businesses | £1,213,693,991 | £1,470,605,094 | £1,630,765,546 | £1,754,510,098 | ||
| o/w lending to individuals | £918,335,672 | £1,026,803,706 | £1,114,725,250 | £1,204,816,337 | ||
| New Lending | £603,011,422 | £703,047,838 | £666,096,755 | £733,270,490 | ||
| o/w lending to businesses | £404,171,535 | £447,073,032 | £419,818,940 | £472,393,077 | ||
| o/w lending to individuals | £198,839,887 | £255,974,806 | £246,277,815 | £260,877,413 | ||
| Capital repaid | £370,158,773 | £401,358,998 | £411,834,014 | £508,891,428 | ||
| o/w lending to businesses | £249,776,784 | £253,832,226 | £253,477,742 | £337,105,103 | ||
| o/w lending to individuals | £120,381,989 | £147,526,772 | £158,356,272 | £171,786,325 | ||
| Net Lending Flow | £237,151,881 | £305,679,840 | £254,262,739 | £228,055,356 | ||
| o/w lending to businesses | £158,793,983 | £197,231,806 | £166,341,195 | £138,964,268 | ||
| o/w lending to individuals | £78,457,898 | £108,448,034 | £87,921,544 | £89,091,088 | ||
| Number of current lenders | 121,476 | 128,000 | 140,098 | 134,658 | ||
| Number of current borrowers | 191,055 | 214,631 | 231,189 | 246,813 | ||
| o/w are businesses | 29,594 | 34,566 | 39,043 | 43,425 | ||
| o/w are individuals | 161,461 | 180,065 | 192,146 | 203,388 | ||
| Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | |
|---|---|---|---|---|
| Folk2Folk | £139,344,302 | £176,419,805 | ||
| Funding Circle | £1,524,427,000 | £1,830,397,245 | £2,158,457,107 | £2,747,357,362 |
| Landbay | £42,948,000 | £43,142,119 | £43,975,419 | £59,561,822 |
| Lending Works | £33,636,000 | £39,368,050 | £48,864,686 | £71,699,386 |
| MarketInvoice | £754,325,000 | £837,793,900 | £918,450,994 | £1,201,857,191 |
| ThinCats | £196,907,000 | £211,446,000 | £226,981,000 | £254,955,000 |
| Zopa | £1,731,685,000 | £1,926,038,724 | £2,172,561,894 | £2,656,877,091 |
| Total | £4,888,231,038 | £5,708,635,402 | £6,391,925,730 | £7,168,727,657 |