Is it possible to show total figures for the past 12 months, including percentage changes on how totals have changed since the preceding 12 months? (It's hard to infer much from one month.) It'd also be helpful to include the total of all listed providers at the bottom of the table. Thanks
RS down, if possibly less than last month. FC powering ahead impressively, especially given their recent changes. I assume that AC are happy with their growth, it is impressive.
It feels like there are a growing number of small platforms and a smaller number of much larger platforms. Maybe time for some consolidation coming soon?
If you'd told me 2 years ago AC's monthly volume would have been more than 50% that of RateSetter, I would not have believed you. The months of jam-tomorrow-new-loans is long gone.
In terms of consolidation, though - I just don't see what is in it for the bigger platforms: inheriting dodgy loan books from a failed minnow? No thanks. Increasing lender-base? Maybe, but presumably the lender-numbers are dwarfed by the larger platform such that it's reallly not worth it. Of course, there's always ego and mis-aligned incentives on the board (of either P2P company) which could drive a buy-out, but I suspect shareholder value would only be destroyed doing that.