Homepeer to peer lendingLendermarket investors funded £11m of loans in May

Lendermarket investors funded £11m of loans in May

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Lendermarket investors funded over €13m (£11m) of loans last month, a third more than in May 2021.

The Dublin-based peer-to-peer lending marketplace, which connects private and institutional investors with consumer loans issued by European originators, said it added 25,831 new loans to the platform last month.

It also said that its investors earned €347,645 in returns in May.

Read more: Mintos launches regulated notes

Lendermarket has cumulatively originated more than €250m-worth of loans in the last six months, according to a blog post on its website, and has attracted more than 9,000 investors.

The marketplace currently lists loans from originators in a variety of European countries including Poland, Spain and Estonia.

Lendermarket will need to compete with a growing number of alternative lending marketplaces, which offer investors diversification across asset classes and countries.

Mintos is one of the best-known lending marketplaces in Europe, while Estonia-based Income launched in February 2021.

Last month, Income’s founder Kimmo Rytkönen told Peer2Peer Finance News that his long-term goal is to get the marketplace’s loanbook to €450m.

Read more: Income approaches crowdfunding target just days after launch

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