This Peer-to-Peer (P2P) Lending report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The peer-to-peer (P2P) lending market size has grown exponentially in recent years. It will grow from $189.56 billion in 2024 to $251.34 billion in 2025 at a compound annual growth rate (CAGR) of 32.6%. The growth in the historic period can be attributed to market disruption, regulatory changes, investor appetite, global economic conditions.
The peer-to-peer (P2P) lending market size is expected to see exponential growth in the next few years. It will grow to $729.07 billion in 2029 at a compound annual growth rate (CAGR) of 30.5%. The growth in the forecast period can be attributed to maturing regulatory environment, risk management innovations. Major trends in the forecast period include diversification of offerings, partnerships with traditional institutions, global expansion, technology advancements.
The anticipated surge in digitization within the banking industry is poised to drive the growth of the peer-to-peer (P2P) lending market. Digital innovations in financial services, including mobile money and P2P lending, are reshaping the banking landscape. As reported by the European Banking Supervision in January 2022, the number of digital users has experienced a 23% increase since the onset of the pandemic, emphasizing the significant role of increasing digitization in fostering the growth of the P2P lending market.
The provision of low-interest rates by P2P lending platforms is expected to be a driving force behind the market's growth. The appeal of low-interest rates in P2P lending makes loans more attractive to borrowers, expands the customer base, attracts institutional investors, enhances risk assessment, and bolsters platform reputation. Notably, the competitive advantage created by these rates may lead to regulatory support, fostering a conducive environment for P2P lending platforms. For example, ET Money reported in October 2022 that P2P lenders offer annual interest rates ranging from 10% to 12%, outpacing traditional banks, where interest rates on 1-year fixed deposits typically hover around 7%. Consequently, the low-interest rates offered by P2P lending platforms are instrumental in propelling the growth of the P2P lending market.
A key trend gaining traction in the peer-to-peer lending market is the emergence of decentralized P2P mobile browsers. Major players in the market are increasingly adopting decentralized P2P mobile browsers to expand their market share. An illustrative example is the launch of CENO by eQualitie in March 2022. CENO, recognized as the world's first decentralized P2P mobile browser, is designed to circumvent contemporary censorship techniques and ensure access in areas facing connectivity disruptions. Operating on a peer-to-peer network and utilizing open-source Ouinet library and BitTorrent protocols, CENO provides a more reliable browsing experience that prevents external entities from forcibly deleting online content through decentralized peer-to-peer routing.
Key players in the P2P lending market are introducing new lending solutions to establish a competitive advantage. Innovative lending solutions in P2P (peer-to-peer) lending encompass creative and technology-driven strategies that improve the efficiency, accessibility, and risk management of lending within a decentralized peer-to-peer framework. For example, in June 2022, Faircent, an India-based peer-to-peer lending platform, unveiled Faircent Pro. This co-lending platform is specifically designed for non-banking financial companies (NBFCs) and institutional lenders. The initiative aims to promote collaboration between these lenders and Faircent, enabling them to co-lend and manage credit risk effectively while expanding access to capital for borrowers. The launch of Faircent Pro enhances the company’s offerings by further integrating institutional finance with peer-to-peer lending.
In January 2022, VERIFONE SYSTEMS, INC., a US-based FinTech company, forged a strategic partnership with Affirm Holdings, Inc., introducing Affirm's transparent and flexible payment options on Verifone's eCommerce and card-present payment solutions. This collaboration enables merchants to offer customers the flexibility of making payments at their own pace, including options like biweekly and monthly payments with interest rates as low as 0% APR. The partnership positions Verifone to stay abreast of market trends, cater to evolving payment needs, and broaden its range of offerings, including peer-to-peer lending, to foster growth for its merchants. Affirm Holdings, Inc. is a US-based financial services company.
Major companies operating in the peer-to-peer (P2P) lending market include Upstart, Funding Circle, Peerform, Kiva, Mintos, RateSetter, Zopa, Clearbanc, Borrowers, Credibly, SoFi, Lendio, StreetShares, Funding Societies, Revolut, LoanNow, Tally, Patch of L, Bondora, Divvy, Slice, Lendable, Auxmoney, FairFinance, Crowdstacker, LendInvest, JustUs, MyConstant.
North America was the largest region in the peer to peer (P2P) lending market in 2024. Aisa-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peer-to-peer (p2p) lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the peer-to-peer (p2p) lending market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Peer-to-peer lending (P2P) is a lending method in which money is directly lent to individuals or businesses without the involvement of traditional financial institutions as intermediaries. P2P lending typically occurs through online platforms that connect potential borrowers with lenders. This approach facilitates a direct connection between investors seeking higher returns on their investments and verified borrowers in search of unsecured personal loans.
The main types of loans in peer-to-peer (P2P) lending encompass consumer credit loans, small business loans, student loans, and real estate loans. The traditional lending model refers to a conventional method of conducting transactions for the purchase or sale of goods and services directly between individuals, without utilizing the internet. It represents an older business style characterized by direct interaction between sellers and buyers, conducted through face-to-face communication, telephone lines, or mail systems. There are two primary business models in this context including traditional lending and alternate marketplace lending, both serving end-users such as businesses and individuals.
The peer to peer (P2P) lending market research report is one of a series of new reports that provides peer to peer (P2P) lending market statistics, including peer to peer (P2P) lending industry global market size, regional shares, competitors with a peer to peer (P2P) lending market share, detailed peer to peer (P2P) lending market segments, market trends and opportunities, and any further data you may need to thrive in the peer to peer (P2P) lending industry. This peer to peer (P2P) lending market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The peer-to-peer lending (P2P) market includes revenues earned by secured and unsecured loans. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The peer-to-peer (P2P) lending market size has grown exponentially in recent years. It will grow from $189.56 billion in 2024 to $251.34 billion in 2025 at a compound annual growth rate (CAGR) of 32.6%. The growth in the historic period can be attributed to market disruption, regulatory changes, investor appetite, global economic conditions.
The peer-to-peer (P2P) lending market size is expected to see exponential growth in the next few years. It will grow to $729.07 billion in 2029 at a compound annual growth rate (CAGR) of 30.5%. The growth in the forecast period can be attributed to maturing regulatory environment, risk management innovations. Major trends in the forecast period include diversification of offerings, partnerships with traditional institutions, global expansion, technology advancements.
The anticipated surge in digitization within the banking industry is poised to drive the growth of the peer-to-peer (P2P) lending market. Digital innovations in financial services, including mobile money and P2P lending, are reshaping the banking landscape. As reported by the European Banking Supervision in January 2022, the number of digital users has experienced a 23% increase since the onset of the pandemic, emphasizing the significant role of increasing digitization in fostering the growth of the P2P lending market.
The provision of low-interest rates by P2P lending platforms is expected to be a driving force behind the market's growth. The appeal of low-interest rates in P2P lending makes loans more attractive to borrowers, expands the customer base, attracts institutional investors, enhances risk assessment, and bolsters platform reputation. Notably, the competitive advantage created by these rates may lead to regulatory support, fostering a conducive environment for P2P lending platforms. For example, ET Money reported in October 2022 that P2P lenders offer annual interest rates ranging from 10% to 12%, outpacing traditional banks, where interest rates on 1-year fixed deposits typically hover around 7%. Consequently, the low-interest rates offered by P2P lending platforms are instrumental in propelling the growth of the P2P lending market.
A key trend gaining traction in the peer-to-peer lending market is the emergence of decentralized P2P mobile browsers. Major players in the market are increasingly adopting decentralized P2P mobile browsers to expand their market share. An illustrative example is the launch of CENO by eQualitie in March 2022. CENO, recognized as the world's first decentralized P2P mobile browser, is designed to circumvent contemporary censorship techniques and ensure access in areas facing connectivity disruptions. Operating on a peer-to-peer network and utilizing open-source Ouinet library and BitTorrent protocols, CENO provides a more reliable browsing experience that prevents external entities from forcibly deleting online content through decentralized peer-to-peer routing.
Key players in the P2P lending market are introducing new lending solutions to establish a competitive advantage. Innovative lending solutions in P2P (peer-to-peer) lending encompass creative and technology-driven strategies that improve the efficiency, accessibility, and risk management of lending within a decentralized peer-to-peer framework. For example, in June 2022, Faircent, an India-based peer-to-peer lending platform, unveiled Faircent Pro. This co-lending platform is specifically designed for non-banking financial companies (NBFCs) and institutional lenders. The initiative aims to promote collaboration between these lenders and Faircent, enabling them to co-lend and manage credit risk effectively while expanding access to capital for borrowers. The launch of Faircent Pro enhances the company’s offerings by further integrating institutional finance with peer-to-peer lending.
In January 2022, VERIFONE SYSTEMS, INC., a US-based FinTech company, forged a strategic partnership with Affirm Holdings, Inc., introducing Affirm's transparent and flexible payment options on Verifone's eCommerce and card-present payment solutions. This collaboration enables merchants to offer customers the flexibility of making payments at their own pace, including options like biweekly and monthly payments with interest rates as low as 0% APR. The partnership positions Verifone to stay abreast of market trends, cater to evolving payment needs, and broaden its range of offerings, including peer-to-peer lending, to foster growth for its merchants. Affirm Holdings, Inc. is a US-based financial services company.
Major companies operating in the peer-to-peer (P2P) lending market include Upstart, Funding Circle, Peerform, Kiva, Mintos, RateSetter, Zopa, Clearbanc, Borrowers, Credibly, SoFi, Lendio, StreetShares, Funding Societies, Revolut, LoanNow, Tally, Patch of L, Bondora, Divvy, Slice, Lendable, Auxmoney, FairFinance, Crowdstacker, LendInvest, JustUs, MyConstant.
North America was the largest region in the peer to peer (P2P) lending market in 2024. Aisa-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peer-to-peer (p2p) lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the peer-to-peer (p2p) lending market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Peer-to-peer lending (P2P) is a lending method in which money is directly lent to individuals or businesses without the involvement of traditional financial institutions as intermediaries. P2P lending typically occurs through online platforms that connect potential borrowers with lenders. This approach facilitates a direct connection between investors seeking higher returns on their investments and verified borrowers in search of unsecured personal loans.
The main types of loans in peer-to-peer (P2P) lending encompass consumer credit loans, small business loans, student loans, and real estate loans. The traditional lending model refers to a conventional method of conducting transactions for the purchase or sale of goods and services directly between individuals, without utilizing the internet. It represents an older business style characterized by direct interaction between sellers and buyers, conducted through face-to-face communication, telephone lines, or mail systems. There are two primary business models in this context including traditional lending and alternate marketplace lending, both serving end-users such as businesses and individuals.
The peer to peer (P2P) lending market research report is one of a series of new reports that provides peer to peer (P2P) lending market statistics, including peer to peer (P2P) lending industry global market size, regional shares, competitors with a peer to peer (P2P) lending market share, detailed peer to peer (P2P) lending market segments, market trends and opportunities, and any further data you may need to thrive in the peer to peer (P2P) lending industry. This peer to peer (P2P) lending market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The peer-to-peer lending (P2P) market includes revenues earned by secured and unsecured loans. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Peer-to-Peer (P2P) Lending Market Characteristics3. Peer-to-Peer (P2P) Lending Market Trends and Strategies4. Peer-to-Peer (P2P) Lending Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Peer-to-Peer (P2P) Lending Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Peer-to-Peer (P2P) Lending Market34. Recent Developments in the Peer-to-Peer (P2P) Lending Market
5. Global Peer-to-Peer (P2P) Lending Growth Analysis and Strategic Analysis Framework
6. Peer-to-Peer (P2P) Lending Market Segmentation
7. Peer-to-Peer (P2P) Lending Market Regional and Country Analysis
8. Asia-Pacific Peer-to-Peer (P2P) Lending Market
9. China Peer-to-Peer (P2P) Lending Market
10. India Peer-to-Peer (P2P) Lending Market
11. Japan Peer-to-Peer (P2P) Lending Market
12. Australia Peer-to-Peer (P2P) Lending Market
13. Indonesia Peer-to-Peer (P2P) Lending Market
14. South Korea Peer-to-Peer (P2P) Lending Market
15. Western Europe Peer-to-Peer (P2P) Lending Market
16. UK Peer-to-Peer (P2P) Lending Market
17. Germany Peer-to-Peer (P2P) Lending Market
18. France Peer-to-Peer (P2P) Lending Market
19. Italy Peer-to-Peer (P2P) Lending Market
20. Spain Peer-to-Peer (P2P) Lending Market
21. Eastern Europe Peer-to-Peer (P2P) Lending Market
22. Russia Peer-to-Peer (P2P) Lending Market
23. North America Peer-to-Peer (P2P) Lending Market
24. USA Peer-to-Peer (P2P) Lending Market
25. Canada Peer-to-Peer (P2P) Lending Market
26. South America Peer-to-Peer (P2P) Lending Market
27. Brazil Peer-to-Peer (P2P) Lending Market
28. Middle East Peer-to-Peer (P2P) Lending Market
29. Africa Peer-to-Peer (P2P) Lending Market
30. Peer-to-Peer (P2P) Lending Market Competitive Landscape and Company Profiles
31. Peer-to-Peer (P2P) Lending Market Other Major and Innovative Companies
35. Peer-to-Peer (P2P) Lending Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Peer-to-Peer (P2P) Lending Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on peer-to-peer (p2p) lending market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for peer-to-peer (p2p) lending? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The peer-to-peer (p2p) lending market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Loan Type: Consumer Credit Loans; Small Business Loans; Student Loans; Real Estate Loans2) by Business Model: Traditional Lending; Alternate Marketplace Lending
3) by End User: Business; Personal
Subsegments:
1) by Consumer Credit Loans: Personal Loans; Debt Consolidation Loans; Home Improvement Loans; Medical Expense Loans2) by Small Business Loans: Start-Up Loans; Working Capital Loans; Equipment Financing; Franchise Financing
3) by Student Loans: Undergraduate Student Loans; Graduate Student Loans; Consolidation Loans; Short-Term Loans For Education
4) by Real Estate Loans: Residential Property Loans; Commercial Property Loans; Real Estate Investment Loans; Fix-and-Flip Loans
Key Companies Mentioned: Upstart; Funding Circle; Peerform; Kiva; Mintos
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Peer-to-Peer (P2P) Lending market report include:- Upstart
- Funding Circle
- Peerform
- Kiva
- Mintos
- RateSetter
- Zopa
- Clearbanc
- Borrowers
- Credibly
- SoFi
- Lendio
- StreetShares
- Funding Societies
- Revolut
- LoanNow
- Tally
- Patch of L
- Bondora
- Divvy
- Slice
- Lendable
- Auxmoney
- FairFinance
- Crowdstacker
- LendInvest
- JustUs
- MyConstant
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 251.34 Billion |
Forecasted Market Value ( USD | $ 729.07 Billion |
Compound Annual Growth Rate | 30.5% |
Regions Covered | Global |
No. of Companies Mentioned | 29 |