Cambridge Report: UK Alternative Finance Market Grew 84% to £3.2 billion in 2015

[kreslik.news]

In a study carried out by the Cambridge Centre for Alternative Finance at the University of Cambridge along with Nesta and in partnership with KPMG, growth was shown in online alternative finance which continued to be strong in the UK during 2015. After surging 161% in 2014, the market grew 84% to £3.2 billion in 2015. While 84% growth can hardly be considered a meaningful slowdown, it does represent that more moderate growth can be expected in the future as the alternative lending industry becomes more mature and tracks the country’s overall loan trends.

Analyzing the UK’s alternative finance ... (read more)