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P2P news round-up – what was said in October 2016

A profitable September for Zopa

The month’s most exciting news was that Zopa was profitable in September 2016. We were profitable in 2012 and 2013, but for the last few years we’ve made a loss as we’ve invested for growth. However, earlier this year we made the decision to shift the business to profitability, and we were EBITDA positive by August and had a profitable September.

Airbnb partnership launch

In other Zopa news, we announced our exciting new partnership with Airbnb, which was covered in AltFi and Crowdfund Insider.

LendIt Europe – the reaction to Adair Turner’s comments

Back to LendIt. Among the many discussions about regulation, transparency and data, there was one talk that really made headlines: Adair Turner’s apparent U-turn on February’s comments. AltFi ran a piece entitled Alternative credit growth could make the economy safer, says Lord Turner and it was covered in the FT (subscription required) and Bloomberg. Among others, the Personal Finance editor of [The Telegraph]((http://www.telegraph.co.uk/personal-banking/savings/unlike-banks-peer-to-peer-lets-us-examine-the-risks/) welcomed the comments, writing an opinion piece looking at how peer-to-peer businesses, unlike banks, allowed people to examine the risks.

Q3 industry figures announced

The P2P Finance Association, released industry lending figures for Q3 of 2016. Over £700 Million in New P2P Lending During Q3 wrote Crowdfund Insider and City AM reported that Peer-to-peer lending grows yet another quarter. This comes on the back of record Septembers for the UK’s major platforms.

Why use P2P anyway?

Our Chief Product Officer, Andrew Lawson, talked about P2P’s risk and return profile in a Moneywise piece looking at five reasons to consider peer-to-peer lending.

On AOL and in the Scotsman peer-to-peer lending was suggested as an investment option that could help UK consumers beat the inflation squeeze.

Want to read more Zopa and P2P news? Check out previous months’ news round-ups.