Here’s why 2017 will be a turning point for the UK marketplace lending industry
|12/21/2016||Posted by BusinessMediaguide.Com under General World News||
The UK’s marketplace lending sector is one of the world’s oldest and largest, but it may be reaching a tipping point whereby growth starts to slow and market dynamics start to change.
Chirag Shah, founder and CEO of marketplace lender Nucleus Commercial Finance, said in an interview with Business Insider that the sector will see a major shakedown in 2017, with smaller players eliminated and only several leading lenders remaining.
Here’s why we agree with Shah’s claim: