Does the $1.3bn raised via Initial Coin Offerings (ICO) in 2017 sound the death knell for marketplace finance?
Hardly, says data from TAB. The crowd has raised $5.5bn in both debt and equity this year. 53 ICOs compare with 377,000 P2P lending and crowdfunding transactions in 2017. Besides, the value of the cryptocurrencies have ballooned as the price of the Bitcoins and Ethers of this world have surged.
ICOs are certainly the flavour of the day, but they have some way to go before they can rival the breadth and the depth of the vibrant marketplace finance scene.