Zopa lent £250m to UK borrowers over the past 12 months.

The peer-to-peer lending platform also reported a record month in October as it lent £27m.

Zopa has now lent a total of £657m with 38% (£250m) of this total being lent in the last 12 months.

Giles Andrews (pictured), Zopa’s CEO and co-founder, said: “We are delighted to have lent a quarter of a billion pounds in 12 months. To put that into perspective Zopa has lent more in the last year than we had lent in seven years of lending from 2005-2012.

“The growth we’re experiencing is testament to our multi-award winning customer service and providing outstanding value to consumers as 97% of our customers would recommend us. The industry growth we’re seeing really goes to show that peer-to-peer lending is fast becoming a mainstream activity.

“Our mission is to always provide great value to our customers by making money simple and fair.”