P2P-Banking has released its monthly report on loan originations; Funding Circle led originations for the month at 106.1 million euros, also reporting a new monthly high; Zopa and Ratesetter also topped the list; Zopa reported monthly loan originations of 85.3 million euros and Ratesetter had loan originations of 63.9 million euros. Source
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One of the more controversial items of the past year around the world has been the Brexit vote in the UK, and at LendIt USA 2017 we hosted a panel of leading platforms to discuss what the vote has meant for their companies thus far; consensus opinion throughout the panel was that the campaign leading up to Brexit had a worse effect than the actually vote; most investors these platforms work with wanted Brexit, so the vote of leaving the EU was not a surprise to many platforms; origination volumes have rebounded since the vote and both small business and consumer markets are currently strong in the UK; during the campaign for Brexit a lot of uncertainty was in the market but that uncertainty and bad news was short lived; markets rebounded, the bad news cycles slowed and UK MPL platforms continue to show strength in the post Brexit world. Source