The UK is beating the US in the peer-to-peer alternative lending market --  here's why

BII UK Larger P2P Lending Market US Per Capita Basis 150430

The UK generated nearly $US2.3 billion in peer-to-peer (P2P) loans in 2014, making its alternative lending market the largest in the world on a per capita basis. To illustrate,
72% more lending volume is transacted in the UK than in the US per person.
The UK’s success in P2P lending can be largely attributed to a positive regulatory environment and consumer attitudes that are wary of traditional banking. Now, continental Europe is following UK’s lead, generating significant activity over the past three years: countries with large economies that weren’t generating any revenue in P2P business lending are processing millions.

In a new report from BI Intelligence, we analyse the factors that have helped nurture the most successful markets for peer-to-peer lending, identify the next high-growth markets, and assess the risks that could stall the industry’s progress. We also provide a companion report explaining how P2P lending works and why it solves the inefficiencies of the traditional lending model.

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Here are some of the key takeaways:

In full, the report:

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