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Peer2Peer Finance News | August 18, 2019

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Orca celebrates P2P achievements by drafting industry ‘ecosystem’

Orca celebrates P2P achievements by drafting industry ‘ecosystem’
Kathryn Gaw

ORCA has created an ‘ecosystem’ (pictured) for the UK’s peer-to-peer sector, to celebrate the fact that more than £10bn has now been invested across 23 of the country’s P2P platforms.

The graphic, titled ‘UK Alternative Lending Ecosystem’, highlights the major players in each section of the P2P industry, including lending platforms, alternative lenders, business services, and investors.

Read more: Orca to launch P2P ratings

The Belfast-based aggregator said that the purpose of the chart was to highlight how the industry of P2P, and alternative lending more broadly, has grown and evolved in the past decade.

“P2P is a growing industry, underpinned by the innovative platforms which span consumer, business and real-estate lending,” said a company spokesperson.

“Add aggregators, marketing services, data and research businesses, news outlets, banking and apps, and more into the mix and you have an established industry ready for widespread adoption. The ecosystem required to support the industry is growing with lending volumes.”

Read more: P2PFA members lent out more than £1bn in first quarter

Orca’s chief executive Iain Niblock praised the huge growth of the sector.

“Individual retail investors have benefited from the risk-adjusted returns that P2P offers,” Niblock said.

“By creating efficient lending marketplaces, borrowers gain quick lending decisions and lenders receive fair rates of returns. Everyone wins.”

In the first half of 2017 alone, more than £2bn was invested in P2P, and more than £10bn has been invested in the sector since Zopa launched the first UK-based P2P platform in 2005.

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