Crowdsurfer, a comprehensive source of data on the global alternative finance market, has announced that Zopa has become the latest peer-to-peer lender to submit its data to the Crowdsurfer analysis.
Zopa, the world’s first P2P lender and one of the largest in the space, has lent in excess of £2.3 billion to customers in the UK, and the addition of its data set will deepen Crowdsurfer’s insight into the global alternative finance market.
Emily Mackay, CEO Crowdsurfer, said that Zopa remains at the forefront in the UK as the P2P sector matures;
“Transparency and data intelligence are crucial to the health and growth of the online finance sector and we are delighted to be able to include Zopa’s data in our analysis.”
Cambridge-based Crowdsurfer analyses data from more than 900 different alternative finance platforms, including equity, bonds, SME debt, P2P and more, and has mapped more than ten million transactions to provide the most in-depth take on global trends and patterns in alternative finance.
Crowdsurfer stated that the P2P sector is one that continues to mature at speed, and its growth will be supported by the use of data, according to Emily Mackay:
“Online funding is a fairer, more efficient, more impactful mode of deploying capital, and data is crucial to scaling that to every person on the planet,” added Mackay. “But its growth has been hampered by a lack of information, for investors, regulators and banks, as well as those that need access to finance. We aim to fill that gap and the inclusion of Zopa’s data only strengthens our analysis further.”