CrowdProperty and Lending Works have been named among the fastest growing companies in Europe for the first time.
They feature in the Financial Times’ annual ranking of the top 1,000 European companies.
The rankings are based on compound annual growth rate (CAGR) in revenue between 2016 and 2019.
Peer-to-peer property lender CrowdProperty ranked at 134 with 122.9 per cent growth and P2P consumer lending platform Lending Works was at 198 with a CAGR of 103.3 per cent.
The list also features other alternative lenders such as Landbay at number 12 and 283 per cent CAGR, while LendInvest was at 902 with a CAGR of 39.4 per cent.
Business finance aggregator Funding Options was also on the list, at 223 with CAGR at 97 per cent.
The minimum CAGR on the list was 35.5 per cent and the highest was Bulb Energy with 1159.3 per cent, the Financial Times said.
The figures provide a snapshot of company performance ahead of the coronavirus outbreak.
Since these figures, Lending Works has restricted lending and been taken over by Intriva Capital.
The consumer lender posted losses of £1,875,641 for the year to 31 December 2019, compared to a £2,119,524 loss the previous year.
From March 2020, the platform paused new lending in response to the Covid-19 pandemic.
In October 2020, it introduced negative interest rates for investors so that it could channel more money into its provision fund to mitigate anticipated higher credit losses.