Peer-to-peer lending has taken a small but growing share of gross advances in the UK unsecured personal lending market since the concept was born in 2005. It is now a viable alternative option for lenders and borrowers alike.
Scope of the report:
- Analyses and forecasts the shape and size of the peer to peer lending market - Identifies main competitors and their business strategies - Considers future avenues of market development
Highlights
Peer-to-peer lending has seen its market share of gross advances increase as a result of the credit crisis. However, it remains a small part of the unsecured personal lending market in the UK.
Zopa was the UK’s only player in the peer-to-peer lending market from 2005 to 2009, however recently there have been two new entrants into the market; Yes-Secure and Funding Circle. This has created more competition in the market and highlighted the low barriers to entry.
Reasons to buy:
- Gain a comprehensive understanding of the Peer-to-Peer lending market - Make informed market decisions by understanding the future size and potential threat of peer-to-peer lending on the retail banking sector - Enhance credibility during sales pitches by understanding the future direction of the peer-to-peer lending market
