FMA publishes benchmark P2P lending, crowdfunding figures

Mon, 27 Nov 2017

By Paul McBeth Nov. 27 (BusinessDesk) - The Financial Markets Authority has released the first annual snapshot of lending through peer-to-peer platforms and equity raised via crowdfunding portals to give investors and firms a better handle on market trends. The figures show individuals took out $121 million of new loans in the year ended June 30 through P2P platforms and businesses borrowed $31.5 million with total loans outstanding at $259.6 million and $29.6 million respectively as at June 30. Meanwhile, crowdfunding platforms raised $...

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