From James Mackonochie at OFF3R Ltd:
“Peer to peer lending levels continue to rise in the UK. The first half of 2017 has an increase of over £350 million from the previous half year period at the end of 2016.The news is positive for the P2P Lending sector that is benefitting from the low interest rate environment the economy is currently in. As with equity crowdfunding, it will be very interesting to see how the P2P lending sector performs in the second half of 2017. ”
Peer to peer lending is fast growing in UK and other western areas. The similar trend is to be observed in Asia as well. Singapore, the Fintech Hub in Asia, has a large market of P2P lending especially in SME financing sector. A billion-sized market is helping SMEs obtain better working capital solutions. The range of products offered by P2P lending contains invoice financing, PO financing and a lot of new things are coming soon in the market.