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Funding Circle passes the £80million mark
Funding Circle have passed another milestone by arranging a total of £80million in peer-to-business loans. It was back in September 2012 when they broke the £50million mark. Back then we calculated they were growing at a phenomenal 240% per annum. We can now revise down this growth to 160% per annum, but this is still an amazing figure given the economical climate.
We can also publish that also in the last 5 months the peer-to-peer industry in the UK was growing at a rate of 90% per annum (this figure is based upon outstanding loan capital between September 2012 and February 2013). This must be the one growth market within the financial services sector.