News from around the world
The New York Times wrote a piece on Orchard Platform, the analytics site for measuring the performance of various P2P operations. As the author explains, “Orchard began by offering institutional investors an automated service to analyze the loans and buy them from different online lenders.” however, progress has been slow. The article serves as a reminder of the competition and elusiveness of success in the fintech space.
Sat PR News released a study by Allied Market Research showing that “the peer to peer (P2P) lending market was valued at $26,064 million in 2015 and is projected to reach $460,312 million by 2022, growing at a CAGR of 51.5% from 2016 to 2022.” The research reflects the continued ascent of marketplace lending as a viable option for borrowers and lenders.
The Fifth Estate released an article exploring the emergence of “green” marketplace lending options. The concept is identical to the P2P model however, investors are funding loans going to “fund energy efficiency, renewable energy and low-emissions technologies.” This characteristic of the investment may resonate with the younger millennial generation in the years to come.
Crowdfund Insider discussed moves within Singapore to help create accessible funding to underbanked regions through the help of marketplace lending. The discussion, , co-hosted by the Monetary Authority of Singapore, is another example of leveraging technology to empower ignored regions.
Bridging & Commercial how P2P has grown as an asset class. Within the UK the author writes that “recent figures show that from 2014 to 2016, lending grew from £1.25 billion to £3.2bn. In the spring of 2017, the year-to-date number was already £1.94bn.” The market is growing and on pace to continue its expansion.