P2P Lending in Ireland

April 10th, 2020
2 minutes read

The Irish Market for Peer-to-Peer Lending

The first P2P lending platform in Ireland opened in 2013 (Linked Finance), so the P2P lending market in Ireland is still relatively young, but more platforms are opening on an ongoing basis. According to data from the latest report by Cambridge Centre for Alternative Finance on alternative finance and crowdfunding in Europe, Ireland had a total funding volume of €106.8 million in 2017 up 39.1% from a funding volume of €76.8 million in 2016. This places Ireland as the eleventh largest country in the European region, where the largest players are the UK, France and Germany. Almost all of the funding volume in Ireland came from debt-based business models – especially invoice trading – so there should still be plenty of room left for further growth for the peer-to-peer lending market, and both P2P business lending and P2P property lending could have a bright future in Ireland with several interesting platforms operating within these areas.

Best Peer-to-Peer Lending Platforms in Ireland

Here, you will find a list of the best peer-to-peer lending platforms in Ireland. When choosing the best peer-to-peer lending sites in a country we consider a variety of factors that you can find in the Methodology below.

Sharing Data
Direct Marketplace Lending
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More P2P Lending Platforms in Ireland

Below, you will find a list of the remaining peer-to-peer lending platforms located in Ireland. If a new platform has been launched since this article was published and you do not see it here, please feel free to submit the platform by using the submit formula.

Resale Marketplace Lending
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Sharing Data
Direct Marketplace Lending
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Sharing Data
Direct Marketplace Lending
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Sharing Data
Crypto Mining
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Taxation on Peer-to-Peer Lending in Ireland

Peer-to-peer lending is almost always regarded as an investment in Ireland and will qualify as unearned income for taxation purposes, which means that investors earn interest without a tax deduction. To report taxes on interest from peer-to-peer lending, you must file an annual self-assessed tax return with the interest received from your investments in each tax year. You will often be able to find the information needed in your account at the P2P lending platform where you invest.

You can read more about taxation on peer-to-peer lending in Ireland in this Tax and Duty Manual from Revenue (Irish Tax and Customs).

P2P Lending Regulation in Ireland

There is currently no bespoke regulation on peer-to-peer lending or other crowdfunding types in Ireland, and since there is also still a lack of common rules for crowdfunding in the European Union, regulation of peer-to-peer in Ireland is based on national legislation. However, this might change in the foreseeable future as the European Commission in March 2018 presented a proposal for a regulative framework on crowd and P2P finance as part of their Fintech Action Plan.


At P2PMarketData we are dedicated to providing an unbiased overview of the Peer-to-Peer Lending market and platforms. Among other, in our mission to bring more transparency to the market for online lending we track over 60 platforms funding volumes.

When choosing the best platforms in a country we have considered a variety of factors such as:

  • Number of investors
  • Minimum investment requirement
  • Historical annual returns
  • Diversification opportunities
  • Reinvestment opportunities
  • Educational and informational offerings
  • Platform fees
  • Total capital invested
  • Features (such as secondary market and automatic investing)
  • General transparency (the difficulty of finding who the owners are, how they make money on the platform (fees), terms & conditions and more)
  • Management team

We also look into the company’s online reputation (for example customer reviews, news, complaints, average monthly searches and social media).