Leading UK Platforms in a Post Brexit World
One of the more controversial items of the past year around the world has been the Brexit vote in the UK and at LendIt USA 2017 we hosted a panel of leading platforms to discuss what the vote has meant for their companies thus far; consensus opinion throughout the panel was that the campaign leading up to Brexit had a worse effect than the actually vote; most investors these platforms work with wanted Brexit, so the vote of leaving the EU was not a surprise to many platforms; origination volumes have rebounded since the vote and both small business and consumer markets are currently strong in the UK; during the campaign for Brexit a lot of uncertainty was in the market but that uncertainty and bad news was short lived; markets rebounded, the bad news cycles slowed and UK MPL platforms continue to show strength in the post Brexit world.