Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated £342.0m in 2024.
Trends and Insights
Pandemic-induced uncertainty slows revenue growth
- In 2020-21, lending platforms were affected by a large outflow of capital from retail investors, owing to the uncertainty created by the COVID-19 pandemic and lower expected returns on investment. This had been aggravated by the fact that capital invested through P2P lending platforms isn't protected by the Financial Services Compensation Scheme (FSCS).
- Additional trends and insights available with purchase
Source: Alfabank-Adres
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
P2P lending platforms will start to consolidate
- Larger firms are likely to undertake consolidation activity as revenue growth slows. Lending platforms are highly scalable in that increasing lending capacity through platforms doesn't require significantly more staff or infrastructure.
Biggest companies in the Peer-to-Peer Lending Platforms in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
Funding Circle Ltd | 137.3 | |
Kriya Finance Ltd | 25.6 | |
Retail Money Market Ltd | 14.3 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: Alfabank-Adres
Industry revenue is measured across several distinct product and services lines, including Property and construction investment, Professional and business support investment and Manufacturing and engineering investment. Property and construction investment is the largest segment of the Peer-to-Peer Lending Platforms in the UK.
Trends and Insights
The high value of houses props up revenue from property and construction investment
- P2P platforms provide an alternative method of lending to the traditional bank- and building society-operated mortgage market. This translates into an alternative way of gaining property exposure in investment portfolios for lenders. This may be a source of a more flexible mortgage or bridge loan for borrowers.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Companies in this industry provide peer-to-peer lending, which occurs directly between individuals and organisations without the direct intermediation of a traditional financial institution. In this industry, individuals and organisations pool their money to support the efforts of borrowers, while generating a rate of return for themselves. Crowdfunding, where collective money supports others with financial donations and without planned repayment, is included in the industry.
What's included in this industry?
Property and construction investmentProfessional and business support investmentManufacturing and engineering investmentRetail investmentIT and telecommunications investmentLeisure and hospitality investmentHealthcare investmentAutomotive, transport and logistics investmentCompanies
Funding Circle LtdKriya Finance LtdRetail Money Market LtdPurchase this report to view all 5 major companies in this industry.
Related Terms
PEER-TO-PEER (P2P)BRIDGE LOANPLATFORMIndustry Code
SIC 62.01 - Peer-to-Peer Lending Platforms in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Lending activity climbs as economic uncertainty subsides. With interest rates coming down and economic growth prospects improving, investment activity is set to pick up as bu...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
P2P platforms revolutionise the lending landscape. They offer flexible mortgage, bridge loans and business support investments, giving consumers an alternative to the traditi...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
P2P platforms seek low-cost, high-opportunity locations. Proximity to clients, affordable rent and a skilled local workforce are all likely to draw them in.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
P2P platforms compete through service and branding. They focus on faster credit checks, user-friendly websites and efficient lending processes to keep customers happy, while ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Aggressive growth keeps Funding Circle on top. Its rapid expansion, use of external investments and innovative service offerings have enabled the platform to grab hold of nea...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Funding Circle Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Kriya Finance Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Retail Money Market Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Funding Circle Ltd, and factors influencing its performance in the industry
- Description and key data for Kriya Finance Ltd, and factors influencing its performance in the industry
- Description and key data for Retail Money Market Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulatory changes limit expansion. The FCA's 2019 rules to protect retail investors placed a greater regulatory burden on P2P companies, pushing some platforms to cease oper...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
P2P lending platforms inch towards profitability. As revenue grows and expansionary costs fall back, the industry's average operating loss is gradually shrinking.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom in 2024?
The market size of the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom is £342.0m in 2024.
How many businesses are there in the Peer-to-Peer Lending Platforms in the UK industry in 2024?
There are 134 businesses in the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom, which has grown at a CAGR of 4.0 % between 2019 and 2024.
Has the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom has been growing at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Peer-to-Peer Lending Platforms in the UK market in United Kingdom?
The biggest companies operating in the Peer-to-Peer Lending Platforms market in United Kingdom are Funding Circle Ltd, Kriya Finance Ltd and Retail Money Market Ltd
What does the Peer-to-Peer Lending Platforms in the UK in United Kingdom include?
Property and construction investment and Professional and business support investment are part of the Peer-to-Peer Lending Platforms in the UK industry.
Which companies have the highest market share in the Peer-to-Peer Lending Platforms in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Funding Circle Ltd.
How competitive is the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom?
The level of competition is moderate and increasing in the Peer-to-Peer Lending Platforms in the UK industry in United Kingdom.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Banks in the UK
- Building Societies in the UK
- Non-Depository Financing in the UK
Complementors
- Financial Technology in the UK
International industries
- Peer-to-Peer Lending Platforms in the US
View all industries in United Kingdom
Methodology
How are Alfabank-Adres reports created?
Alfabank-Adres has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for Alfabank-Adres readers. Finally, each report is reviewed by one of Alfabank-Adres’s editors, who provide quality assurance to ensure accuracy and readability.
Alfabank-Adres relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do Alfabank-Adres analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, Alfabank-Adres’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does Alfabank-Adres forecast its data?
Alfabank-Adres’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
Alfabank-Adres prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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