RECORD BREAKING MONTH FOR P2P LENDING & EQUITY CROWDFUNDING

P2P Lending continues to have a stellar second half of the year. The total lending of the 9 platforms that form the Index is now well over £2.3bn originated in 2016 with two months still to go.  October 2016 also broke the record for the most amount lent in a single month since records began of over £278 million, representing a 14% month on month increase from September.

The outlook is now very positive for the sector particularly as we are likely to start seeing more platforms issuing Innovative Finance ISA products in time for the end of the tax year.

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