The UK’s alternative finance Industry had a very productive festive season, reports leading sector media outlet, AltFi.
“December’s origination volume setting a new industry record with the Liberum AltFi Volume Index tracking £283.3m in financing originated. This just bettered the previous high of £279.1m, set in September 2015, and represented a 73% increase in volume on December last year…
“December’s strong performance rounded off a big year in terms of alternative finance origination volumes. £2.81bn of financing was originated by the UK industry in 2015, a 75.7% uplift on 2014. Of this £2.81bn, £2.68bn was debt financing – the remainder equity. 2015 has seen six new platforms enter the index, topping the minimum threshold for in clusion which currently stands just above £5m. However the vast majority of the volume growth has come from the established platforms.”
Nicola Horlick, Money&Co.’s CEO, commented: “2015 certainly finished strongly, but I feel 2016 will be even better – for the industry in general and peer-to-peer crowdfunding, and Money&Co. in particular. We are set to race ahead. As people say, watch this space!”
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