In the article, Gillian commented that “This financial year the theme will be getting through authorisation and the first Innovative Finance Isa push and next year firms will try to capitalise on the results of that. After another financial year we will start to see some consolidation in the market.The business models are not hugely profitable and they have to work at scale in order to work at all and I am not sure that scale is there.”
She predicted that consolidation would occur by peer-to-peer lenders either merging or buying each other, rather than by existing large companies, suggesting that any firm looking to get into P2P would need “big pockets” due to the cost of upscaling and the potential of buying several large firms.
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All content on this page is correct as of March 29, 2017.