The big rebundling of peer-to-peer finance

This week, peer-to-peer lending platform Zopa announced Europe’s first securitization of unsecured consumer loans. Effectively, they have bundled up 27,137 loans worth £138 million ($180 million), which public markets investors can now go and buy. Funding Circle did something similar earlier in the year, rolling £130 million ($170 million) of small business loans into the delightfully-named “SBOLT 2016–1 DAC”. Read more: