The latest update from the Peer to Peer Finance Association shows that crowdfunding continues its stellar growth. Figures for the 1st Quarter of 2015 reveal that the industry lent out £459,000,000, compared to £346,000,000 in the 4th Quarter of 2014
That’s an increase of 33%… growth rates the banks can’t touch!
But let’s look closer at what else is happening.
Let’s start with the lenders… the people who are handing over their cash. At the end of Quarter 4 2014 there were 105,101 lenders. At the end of March 2015 there were 111,255
That’s an increase of 6%.
What about the borrowers?
At the end of Quarter 4 2014 there were 139,749 borrowers and at the end of March 2015 there were 159,083.
That’s an increase of 14%
It’s clear that more businesses and individuals are seeing the benefits of crowdfunding.
If you want to know how you can access finance for you business via crowdfunding you can find more information on our crowdfunding page.