THE UK P2P LENDING REPORT: estimates that the industry may reach the £16 billion mark by 2020!

12th August 2016
P2P
THE UK P2P LENDING REPORT
Leading financial website Business Insider has reported that the UK P2P industry is set to see a good level of growth over the next four years, despite recent reported setbacks. 

When Renaud Laplanche resigned as CEO of Lending Club earlier this year, both critics and sceptics predicted a decline in the industry.

In direct contrast to this, a recent report by Business Insider UK has forecasted a five-year compound annual growth of 45% between 2015 and 2020. 

The report also estimates that the industry may even reach the £16 billion mark by 2020 and it has been predicted that property lending will make up for the largest share of P2P activity with business and consumer loans following. 
To find out more about the report, head to the Business Insider website.

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