This statistic shows the quarterly value of the peer-to-peer (P2P) consumer lending platforms within the alternative finance sector in the United Kingdom (UK), from the first quarter to the fourth quarter of 2014 and 2015. Alternative finance refers to instruments and channels, which developed outside of the traditional and highly regulated finance system, such as banks and capital markets. The market value was at 154 million British pounds in the third quarter of 2014. In the third quarter of 2015, the market value amounted to around 253 million British pounds.
Quarterly market value of peer-to-peer consumer lending platforms on the alternative finance sector in the United Kingdom (UK) from 2014 to 2015
(in million GBP)
Primary industry figures as well as extensive surveys of businesses and consumers
Supplementary notes
The source adds the following information: "Alternative finance is an umbrella term, covering a very diverse market of various innovative financial models."
The methodology is clarified by the source as follows: "[...] the Cambridge-Nesta research team administered the 2015 UK Alternative Finance Industry Tracking Survey at the beginning of January 2016. This was carried out to collect actual transactional numbers from all four quarters of 2015, directly from alternative finance platforms, rather than projected Q4 figures as in previous studies. With the support from the online alternative finance industry, and generous help of our partners, which included the Peer-to-Peer Finance Association (P2PFA), the UK Crowdfunding Association (UKCFA) and Innovate Finance, the research team was able to successfully survey 94 leading alternative finance platforms in the UK, over the course of two weeks, capturing over 95% of the visible UK online alternative finance market."
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Nesta, & Cambridge Judge Business School. (February 17, 2016). Quarterly market value of peer-to-peer consumer lending platforms on the alternative finance sector in the United Kingdom (UK) from 2014 to 2015 (in million GBP) [Graph]. In Statista. Retrieved August 17, 2022, from https://www.statista.com/statistics/372649/alternative-finance-p2p-consumer-lending-market-value-growth/
Nesta, und Cambridge Judge Business School. "Quarterly market value of peer-to-peer consumer lending platforms on the alternative finance sector in the United Kingdom (UK) from 2014 to 2015 (in million GBP)." Chart. February 17, 2016. Statista. Accessed August 17, 2022. https://www.statista.com/statistics/372649/alternative-finance-p2p-consumer-lending-market-value-growth/
Nesta, Cambridge Judge Business School. (2016). Quarterly market value of peer-to-peer consumer lending platforms on the alternative finance sector in the United Kingdom (UK) from 2014 to 2015 (in million GBP). Statista. Statista Inc.. Accessed: August 17, 2022. https://www.statista.com/statistics/372649/alternative-finance-p2p-consumer-lending-market-value-growth/
Nesta, and Cambridge Judge Business School. "Quarterly Market Value of Peer-to-peer Consumer Lending Platforms on The Alternative Finance Sector in The United Kingdom (Uk) from 2014 to 2015 (in Million Gbp)." Statista, Statista Inc., 17 Feb 2016, https://www.statista.com/statistics/372649/alternative-finance-p2p-consumer-lending-market-value-growth/
Nesta & Cambridge Judge Business School, Quarterly market value of peer-to-peer consumer lending platforms on the alternative finance sector in the United Kingdom (UK) from 2014 to 2015 (in million GBP) Statista, https://www.statista.com/statistics/372649/alternative-finance-p2p-consumer-lending-market-value-growth/ (last visited August 17, 2022)
