Peer-to-peer lender Linked Finance has had a stellar second quarter.
Irish peer-to-peer (P2P) lending platform Linked Finance has announced its quarterly earnings for Q2 2018 and it has been a remarkably strong period for the company. At this point in the year, total lending is in excess of €18.7m, which is a 65pc increase on the same period in 2017.
SMEs across the country have benefited from more than €10.1m in funding in Q2. The number of loans that went live on the Linked Finance platform rose by 39pc in the period to 335. Average loan size jumped up 19pc to approximately €56,000.
Millions in loans for SMEs
Since it launched in 2013, the company has provided more than 1,550 loans totalling more than €60m to businesses in multiple economic sectors. Lenders have already received more…