New milestone for British alternative finance as the industry has passed the £10bn mark in cumulative funding delivered, news report.
According to AltFi’s data, volumes have continued to grow post-Brexit, with the third and fourth quarters of 2016 constituting records for the industry.
However, large parts of the sector are still on stabilisers from a regulatory standpoint. A number of peer-to-peer platforms have recently been given full authorisation by the FCA, but the very largest players continue to operate under interim permissions, and have done for some time.
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