09/01/17 – Alternative finance in 2016: good growth in a tumultuous year

Altfi.com presents the numbers of 2016: Workinvoice, Finexkap and Investly drive the growth of the invoice lending in Europe.

European originations never experienced the 5-month lull that the UK did. Euro volumes finished the year at over €930m coming very close to breaching the €1bn mark. This is compared to €500m for 2015 resulting in a YoY growth of 85%. This growth rate undrelines how EUR lending did not suffer the retrenchment that lending in the UK and US did. In terms of asset class share, 2016 saw significant growth in invoice lending resulting from strong growth in volumes at Finexkap and Workinvoice as well as the addition of newcomer Investly.

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