5th January 2017
P2P, Peer to Peer Lending
The rest of Europe is showing small, but significant advances on the UK’s lead in the EU alternative market, having grown collectively by 23% between 2015/16. 
According to reports by KPMG and TWINO, the UK’s four-fold lead on the rest of Europe is under threat, as the big European players, Younited Credit, Auxmoney, TWINO, and Mintos take up arms in the subprime and prime unsecured lending niches. 
Despite the UK’s 81% market share, niche platforms such as Latvia’s TWINO are making headway against the tide, with some commentators, such as Jevgenijs Kazanins, CEO of TWINO Investment stating the possible implications of a post-Brexit Europe could be to blame.
He said: “This report shows that the UK still leads the way for alternative finance, although continental European lenders are quickly catching up. We believe that alternative finance will continue to grow quickly in Continental Europe, potentially to the detriment of the UK as the effect of the Brexit vote begins to weigh on the British economy.
“At TWINO, we introduced our peer-to-peer lending platform in 2015 and have now grown to become one of the largest platforms in Europe, funding a total of €85 million loans in just thirteen months”.