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Marketplace Lenders Leading The Way in FinTech Financing

In the UK, many of the latest and largest fundraising rounds are going to marketplace lenders.

August 19, 2015 By Ryan Lichtenwald Leave a Comment

Views: 894

UK Marketplace Lenders in FinTech

If you look more broadly than marketplace lending and look at what is happening across the fintech world, you see large amounts of cash being invested into various companies. Of interest is a recent article from CBR online that highlights the 10 biggest UK fintech fundraising rounds. This list is dominated by the marketplace lenders including MarketInvoice, RateSetter, LendInvest and the biggest of them all, Funding Circle. It’s apparent that this industry is at the center of fintech innovation and investors are taking note. 

Although each of these companies is at a different stage, they all have interesting stories. LendInvest’s round was pegged as the largest Series A round in UK fintech so far. Funding Circle raised a £96m round back in April and is estimated to have crossed the $1 billion valuation mark.  After becoming one of the major marketplace lenders in the UK, RateSetter went to open business in Australia. Although much earlier on, MarketInvoice has set itself up for success after being in business for 4 years and is now originating $46 million a month.

Other big news coming out of the UK is that p2p lending will be available in ISAs, a topic that will be discussed at LendIt Europe 2015. It will be interesting to see what new announcements are made come October as all of these companies will be attending LendIt. Perhaps one of them will announce plans to go public…

Filed Under: Peer to Peer Lending Tagged With: Funding Circle, lendinvest, MarketInvoice, RateSetter, UK

Views: 894

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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