Zopa is fuelling growth with riskier loans
|09/23/2016||Posted by BusinessMediaguide.Com under General World News||
Online peer-to-peer lending platform Zopa is fuelling growth with riskier loans, according to an analysis by the credit ratings agency Fitch, which expects default rates to rise.
Fitch on Thursday released its first-ever rating of a batch of securitized Zopa loans (effectively, a bunch of loans made over the platform that are repacked and sold to investors.) It’s the first time a European consumer marketplace lender has securitized its loans.
Fitch’s rating included a detailed analysis of Zopa’s business that found “the proportion of riskier lending increased at the same time that Zopa’s volume was increasing dramatically.” From 2013 onwards, Zopa lent read more >>>