What is happening in peer-to-peer lending - Market Commentary – 28th May 2015

Totals lent to date (28th May 2015)

Assetz Capital - £71,767,14
Funding Circle - £652,527,640
FundingKnight - £17,626,000FundingSecure - £7,526,624
Lending Works - £8,939,546
Money & Co –  £4,625,000
Rebuildingsociety - £6,319,985
ThinCats - £112,094,000
Zopa - £873,000,000
RateSetter £639,730,145
Invest and Fund - £1 million plus
LendingCrowd - £ not currently available
ArchOver -£3,760,000
 …………..
 

Assetz Capital   

Assetz Capital's investors have so far funded £71,767,144 of loans (most up to date figure available).
 
The £700,000 loan being sought by a care home mentioned in our previous market commentary is just over 50% funded so there is still time to consider investing in it although there are several other lending opportunities available.
 

Funding Circle
 
To date, it has processed loans totalling £652,527,640 – an increase of 3.12% in 2 weeks.
 
This peer-to-peer lender had another great couple of weeks with almost £20 million lent. Loans seem to be quickly drawn down.
 
Yet again there are numerous lending opportunities including a manufacturer of baby gifts seeking £50,000 to develop overseas sales opportunities, a farm is seeking £122,240 in order to buy a ground source heat pump system and an accountant requesting £61,860 to help with expansion plans.
 

FundingKnight
 
To date, it has processed loans totaling £17,626,000 – an increase of 4.82% in 2 weeks.
 
A hotel in Liverpool recently sought £750,000 to clear an expensive bridging loan but there are currently no lending opportunities. When they do become available, it appears you need to react quickly.
 

FundingSecure
 
FundingSecure has administered advances totalling £7,526,624
 
A couple of loans are presently available secured by land. There are more loans applications being vetted with security offered such as a classic car, property and fine art. We keep saying this but these loans tend to be funded very quickly so you need to react rapidly if you are interested in investing.
 

Lending Works
 
Lending Works has arranged loans totalling £8,939,546 – an increase of 6.04% in 2 weeks.
 
Once again, a good couple of weeks with loans totalling over £500,000 advanced.
 

Money & Co
 
The amount lent so far is £4,625,000. (latest available figure)

The two loans previously mentioned by us for Globavista (£500,000) and an industrial supplier (£315,000) have now been fully funded. We wait to hear when any further loans become available to invest in.
 

rebuildingsociety
 
rebuildingsociety's loan book stands at £6,319,985 – an increase of 1.51% in 2 weeks.

A quieter couple of weeks than previously with just over £90,000 lent.
 
The loan of £120,000 being sought by La Drape International Ltd that designs and manufactures bedspreads mentioned in our last report is now 91% funded. There are also several other opportunities to consider with some attractive potential interest rates. Assure UK, a firm of chartered accountants and auditors, are seeking £50,000 for recruiting more staff, new computer equipment and funding sales and marketing.
 

ThinCats
 
The amount lent so far is £112,094,000 – an increase of 1.85% in the last 2 weeks.
 
There are presently 10 loans totaling £3.52 million that you can consider investing in including one for Attractive Entertainment Ltd that outsources skilled computer game development staff seeking £150,000 with a target interest rate of 12% pa.
 

Zopa and RateSetter
 
Zopa
 
To date, Zopa has been involved in loans totalling £873 million – an increase of 2.83% in 2 weeks.

Another good couple of weeks in terms of money lent.
 
Zopa has entered into a partnership with Metro Bank to allow Metro Bank to lend its money on Zopa's platform.
 
RateSetter

To date, it has been involved in loans totalling £639,730,145 – an increase of 3.11% in 2 weeks.
 
Yet again, a couple of good weeks with over £19 million lent.
 

Invest & Fund
 
To date it has been involved in loans totalling over £1 million.

There are no new loans to invest in with recent ones appearing to be fully funded quickly. There are three "resale investment" opportunities available but these are for small sums.
 

LendingCrowd
 
There are presently three loans available to invest in. One is for Cronapress Ltd that makes pressure alarm strips that can be used in places like hospitals, prisons and police stations that is seeking £60,000. The funds are required to develop and market a brand new product to help disabled and infirm people.

There are numerous "loan parts" available enabling you to invest in existing loans.
 
There are several borrowing requests being vetted. 
 

ArchOver
 
To date, it has lent £3,760,000. (latest figure available)

There are no loans currently available to invest in with some recent ones having been fully funded.
 
We trust that you found the above of interest.