Orca Celebrates Peer to Peer Lending UK Surpassing £10 Billion Mark
The ‘UK Alternative Lending Ecosystem’ infographic created by Orca serves to illustrate the growth of P2P lending and evolution of alternative lending in the UK.
Belfast, 5th July 2017 – UK peer to peer lending has reached a significant milestone since Zopa launched the world’s first P2P platform in 2005. Over £10 billion has been cumulatively lent across 23 UK Peer to Peer platforms. In the first half of 2017 alone, over £2 bn was invested through P2P; a result of the diverse range of products available on the P2P market, enabling quick and efficient lending. The industry was kick-started by self-directed retail investors and still, in large, is dominated by retail investors taking advantage of the many benefits P2P affords. Orca CEO, Iain Niblock, explains:
Individual retail investors have benefited from the risk-adjusted returns that P2P offers. By creating efficient lending marketplaces, borrowers gain quick lending decisions and lenders receive fair rates of returns. Everyone wins.
P2P lending is a growing industry, underpinned by the innovative platforms which span consumer, business and real-estate lending. Add aggregators, marketing services, data and research businesses, news outlets, banking and apps, and more into the mix and you have an established industry ready for widespread adoption. The ecosystem required to support the industry is growing with lending volumes.
In celebration of the asset class reaching £10bn cumulative total lent since 2005, Orca has created an infographic to highlight how the industry of peer to peer lending, and alternative lending more broadly, has grown and evolved in the past decade.