The UK’s ‘alternative finance’ industry is now worth £4.6 billion
‘Alternative finance’ sector, made up of peer-to-peer lending and crowdfunding, has grown by 43% over the last year.
Business lending is the biggest segment, with 72% of funds going to startups or SMEs.
35 platforms have disappeared over the last year as big players increasingly dominate.
LONDON — The UK’s “alternative finance” industry has grown by 43% over the last year to £4.6 billion, according to a new report from the University of Cambridge.
Alternative finance has grown hugely in the UK over the last decade, spurred by a range of new online platforms such as peer-to-peer lenders Funding Circle and Zopa, and crowdfunding …read more
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