Victor Ekpu

Research Fellow

Victor is currently working on the ERC project on accessing and using alternative finance. His wider research interests are in business finance and growth, business lending and bank profitability, bank lending to SMEs, macroeconomics and financial linkages, financial innovation, and monetary and financial stability policies.

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Biography

Victor is currently working on the ERC project on accessing and using alternative finance. His wider research interests are in business finance and growth, business lending and bank profitability, bank lending to SMEs, macroeconomics and financial linkages, financial innovation, and monetary and financial stability policies. Victor received his PhD from the University of Glasgow in 2015. He has also been involved in consultancy work for the Central Bank of Nigeria (CBN) and the West African Institute for Financial and Economic Management (WAIFEM). Victor is the author of the book: Determinants of Bank Involvement with SMEs (SpringerBriefs in Finance, 2016).

Insight

Online Peer-to-Peer lending to finance business growth: Evidence from Funding Circle

Evidence on the business segment of Peer-to-Peer (P2P) lending is still scarce due to the relative novelty of the phenomenon born in 2010. In this paper, we use data from the Funding Circle (FC) loan book over the period 2010-2017 to emphasise the growing importance of this type of alternative finance as a source of funding for growth of small businesses. Loans for growth purposes represent the most significant part of the FC loan portfolio, the largest marketplace platform for business loans in the UK, before working capital loans and asset finance. Therefore, there is evidence that small businesses turn to online platforms to fund their growth.

Associated Themes
  • Finance