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P2P sector defies Brexit jitters with record month

Loan origination hit a record high in September, but platforms sound cautious note as Brexit plays out

P2P sector defies Brexit jitters with record month
Photo: iStockPhoto

British peer-to-peer platforms originated record volumes of loans in September, following months of stagnation that had raised concerns about the sector’s prospects, particularly since the Brexit vote in June.

Alternative finance platforms in the UK originated £364 million in loans in September, making it the highest month on record and beating the previous high of £345.5 million set in March 2016, according to figures published on October 6 by alternative finance data provider AltFi Data.

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