According to new statistics released by the UK’s Insolvency Service personal insolvencies rose by 16.2% in 2018, while more than 16,000 small businesses went bankrupt in 2018; both numbers present a challenge for UK based p2p lenders as most will be dealing with their first downturn; so far investors have not been hit by losses due to provision funds and security; diversification has also been a big plus for the market as many investors have their capital spread amongst thousands of loans; the next downturn in the UK seems around the corner and while that presents a big challenge for p2p lenders there is room for market optimism. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.