P2P lending growth in the UK is mainly driven by peer-to-business lending, but also more and more consumers are turning to this solution to receive a loan. The increasing popularity of this financial source says it all: P2P lending has consolidated its position in the British market and it is starting to be considered a valid financial source, winning the trust of a larger and larger audiance. This fact recently pushed a British bank to propose partnerships to several P2P platforms, in order to join forces and channel more capital to UK small and medium businesses.
The UK, at the moment, offers probably one of the best grounds for crowdfunding to flourish, as the numbers above testify and as it is also evident looking at the last local statistics for equity crowdfunding discussed on our blog. Hopefully the British case will serve as an example for other countries too, which are still working to help crowdfunding to take off.
Alois, J.D. (2014).UK P2PFA: Peer to Peer Lending Goes to Over £1 Billion in 2014. CrowdfundInsider
P2PFA (2014).Peer-to-Peer Finance Market Data
Image credit to: P2PFA http://bit.ly/WUnoC2
Born and raised in Milan, Italy, Irene is an International Business graduate, with a strong interest for innovative ideas that can simplify our lives.
During her studies, she co-founded an online community for sportspeople and worked in marketing positions at Ogilvy & Mather Advertising and at the European Business Angel Network, in Brussels. She is a passionate blogger about crowdfunding and the startup ecosystem.