Peer-to-peer Isa data disappoints one year on

“This suggests that demand on both loans and lending is still very high, and I expect this to increase over the next 18 months as more platforms launch their Isas.”

Jake Wombwell-Povey, managing director of P2P platform technology provider Goji, said the delays to authorisation will cause a “short-lived pause” in the uptake of the Isa. 

“We have already seen this happen, and a lot of advisers have incorrectly taken this as indication of the weakness of the underlying asset class and platforms.

“When some of the bigger platforms receive authorisation and the number of Innovative Finance Isas surge then people’s opinions may change.”