Despite the economic downturn over £1.3bn has been invested in the top five fundraises alone.
German alternative lender Kapilendo has today launched instant-access to German state-backed loans with the financial support of Varengold Bank.
Upgrade, the US alternative lender, has raised a $40m Series D funding round from investors including Santander InnoVentures.
Metro Bank is in talks to acquire RateSetter, one of the largest peer-to-peer lenders in the UK RateSetter.
The global fintech lending industry will be worth $291.4bn (£230bn) by the end of 2020, with peer-to-peer business lending representing 70 per cent of that total.