According to the publisher, the global alternative lending market is expected to grow by 17.0% on an annual basis to reach US$662.3 billion in 2023.
Medium to long term growth story of global alternative lending in remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 10.1% during 2023-2027. The global alternative lending market will increase from US$566.0 million in 2022 to reach US$971.6 million by 2027.
Elevated inflation levels and interest rate environment has resulted in a robust growth environment for the global alternative lending industry in 2023. From Asia Pacific to Europe and North America, the market is poised to record strong growth over the next five years. Trends are similar in the Latin America and Middle East region, where demand for credit is growing among consumers as well as businesses.
Going forward, mergers and acquisition deals are expected to grow in the global alternative lending segment, as more and more players seek to enter the industry and expand into the global region. Strategic collaborations between fintech firms are expected to lead to new product launches in the market, thereby driving the competitive landscape and innovation in the industry. Overall, the publisher expects the alternative lending market to grow at an accelerated pace over the next five years.
This report provides a detailed data-centric analysis of the alternative lending market covers in-depth market potential and various. Embark on a detailed exploration of the alternative lending market with our latest report, dissecting key economic indicators to provide a holistic view of this dynamic landscape. Delve into the alternative lending market's expansive horizons, from overall market size and forecasts to granular analyses of end-user segments, diverse finance models, and payment instrument intricacies.
This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics. Uncover the multifaceted nature of loans, from personalized B2C offerings like payroll advances to strategic B2B solutions like lines of credit. Complementing these insights, delve into consumer attitudes and behaviors, decoding the impact of age, income, and gender on financial choices.
This report provides a thorough knowledge of alternative lending market dynamics, market size and forecast with more than 75+ KPIs. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
This report provides in-depth data-centric analysis of Alternative Lending industry in through 127 tables and 150 charts. Below is a summary of key market segments:
Medium to long term growth story of global alternative lending in remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 10.1% during 2023-2027. The global alternative lending market will increase from US$566.0 million in 2022 to reach US$971.6 million by 2027.
Elevated inflation levels and interest rate environment has resulted in a robust growth environment for the global alternative lending industry in 2023. From Asia Pacific to Europe and North America, the market is poised to record strong growth over the next five years. Trends are similar in the Latin America and Middle East region, where demand for credit is growing among consumers as well as businesses.
Going forward, mergers and acquisition deals are expected to grow in the global alternative lending segment, as more and more players seek to enter the industry and expand into the global region. Strategic collaborations between fintech firms are expected to lead to new product launches in the market, thereby driving the competitive landscape and innovation in the industry. Overall, the publisher expects the alternative lending market to grow at an accelerated pace over the next five years.
The competitive landscape is poised to grow significantly in the Latin American alternative lending market
With a large chunk of the population falling under the unbanked and underbanked category, the Latin American market presents wide headroom for growth in the alternative lending market over the next five years. To tap into the growing opportunity and offer convenient lending solutions to consumers, fintech firms are entering the market with their innovative products.- In March 2023, Pismo, the fintech firm based in Brazil, introduced a lending tool in response to the growing credit demand among consumers. The lending tool is aimed at simplifying the process by disbursing loans digitally and at a faster speed compared to traditional banks.
- Revolut, one of the leading global giants in the fintech sector, is also planning to introduce its lending service in Brazil by the end of 2023. The firm is currently seeking to get a license to become a digital lender and serve millions of underbanked and unbanked consumers in Brazil.
Africa-based alternative lending providers are raising funding rounds to launch new products and accelerate growth
In Africa, small and medium-sized enterprises find it difficult to access credit through traditional channels. As a result, alternative lending providers are in high demand among SMEs when it comes to access to credit. To serve the growing demand, firms are raising venture capital and private equity funding in Africa.- In February 2023, Lulalend, the South Africa-based digital lender, announced that the firm had raised US$35 million in a Series B funding round, which was led by Lightrock. Over the past three years, the firm had embedded its credit solution into partners such as Vodacom, e-commerce giant Takealot, and fintech firm Yoco to disburse credit to SMEs. Businesses operating in construction, retail, and hospitality are also seeking credit from Lulalend.
- In September 2022, Numida, another digital lender that serves SMEs in Uganda, announced that the firm had raised U$12.3 million in a funding round as part of its pre-Series A round, which was led by Serena Ventures. The round was a mix of debt and equity. With the capital infusion, Numida plans to double its client base to 40,000 over the next 18 months. Furthermore, the firm is also planning to enter more markets in Africa.
More and more fintech firms are foraying into the digital lending segment in the Asia Pacific region
Over the next five years, the Asia Pacific alternative lending market is poised to record accelerated growth, amid the growing demand for credit among consumers as well as businesses. With the high growth potential of the sector, many fintech firms are making their foray into the sector.- In India, Tiger Global-backed savings startups Jar revealed that the firm is foraying into the digital lending segment to tap into the credit-starved market. To provide credit services, the firm had entered into strategic alliances with the likes of Liquiloans and other non-banking financial institutions.
- Jar's entry into the segment comes at a time when some of the leading fintech players have announced to enter the consumer lending market in India. PhonePe, for instance, is looking to apply for an NBFC license to enter the segment and diversify its revenue stream. Jupiter, the neo-banking platform, also secured an NBFC license from the central bank to offer lending products.
This report provides a detailed data-centric analysis of the alternative lending market covers in-depth market potential and various. Embark on a detailed exploration of the alternative lending market with our latest report, dissecting key economic indicators to provide a holistic view of this dynamic landscape. Delve into the alternative lending market's expansive horizons, from overall market size and forecasts to granular analyses of end-user segments, diverse finance models, and payment instrument intricacies.
This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics. Uncover the multifaceted nature of loans, from personalized B2C offerings like payroll advances to strategic B2B solutions like lines of credit. Complementing these insights, delve into consumer attitudes and behaviors, decoding the impact of age, income, and gender on financial choices.
This report provides a thorough knowledge of alternative lending market dynamics, market size and forecast with more than 75+ KPIs. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
Scope
Country reports in this bundled offering provide in-depth analysis of Alternative Lending industry. Below is a summary of key market segments offered at country level:This report provides in-depth data-centric analysis of Alternative Lending industry in through 127 tables and 150 charts. Below is a summary of key market segments:
Economic Indicators
- Gross Domestic Product at Current Prices
- Population
- Unbanked Population
- Unemployment Rate
- Loan Default Rate
Alternative Lending Market Size and Forecast
- Transaction Value
- Average Transaction Value
- Transaction Volume
Alternative Lending Market Size and Forecast by End User
- End User - Business
- End User - Consumer
Alternative Lending Market Size and Forecast by Finance Models
- P2P Marketplace Consumer Lending
- P2P Marketplace Business Lending
- P2P Marketplace Property Lending
- Balance Sheet Consumer Lending
- Balance Sheet Business Lending
- Balance Sheet Property Lending
- Invoice Trading
- Debt Based Securities
- Equity Based Crowd Funding
- Real Estate Crowd funding
Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Model
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding
- Cash
- Cheques
- Credit Transfer
- Direct Debits
- Debit Card
- Credit Card
- E- Money
Alternative Lending Market Size and Forecast by Loan Types
- B2C Loans
- Personal Loan
- Payroll Advance
- Home Improvement
- Education/Student Loans
- Point of Sale
- Auto Loans
- Medical Loans
- B2B Loans
- Lines of Credit
- Merchant Cash Advance
- Invoice Factoring
- Revenue Financing
Alternative Lending Analysis by Consumer Attitude and Behaviour
- By Age
- By Income
- Gender
Reasons to buy
This report offers a comprehensive insight into the global alternative lending market, encompassing a wide range of countries and regions. It provides a detailed analysis of key areas that are critical for understanding and participating in the global alternative lending landscape:- Comprehensive Market Intelligence: Gain in-depth insights into the global alternative lending market, including its size, growth potential, emerging trends, and key industry leaders. Investors and entrepreneurs can identify potential areas for market expansion by examining payment instruments, finance models, and loan types across various countries and regions.
- Global Economic Indicators: Access essential economic indicators from multiple countries and regions, including GDP, unbanked population, unemployment rates, and loan default rates. This data empowers businesses with crucial information for cross-border market analysis and strategic planning.
- Industry Attractiveness Analysis: Dive into comprehensive trend analyses for transaction value, average transaction value, and transaction volume within the global alternative lending sector. This information aids in assessing the industry's appeal and potential for growth on a global scale.
- Strategic Segmentation Analysis: Explore extensive market segmentation based on end-users (consumers, businesses, and property), financial models (P2P marketplace lending, balance sheet lending, invoice trading, debt-based securities, equity-based crowdfunding, real estate crowdfunding, and others), and payment methods (cash, cheques, credit transfers, direct debits, debit cards, credit cards, and e-money) across various countries and regions.
- Global Growth Projections: Benefit from future growth projections for the global alternative lending market, classified by end-users, financial models, and payment instruments. These projections offer insights into areas with growth potential in different market segments, helping businesses to align strategies and make informed decisions in a global context.
- Loan Type Analysis: Gain a comprehensive understanding of loan types, including B2C Loans (Personal Loans, Payroll Advances, Home Improvement, Education/Student Loans, Point of Sale, Auto Loans, Medical Loans) and B2B Loans (Lines of Credit, Merchant Cash Advance, Invoice Factoring, Revenue Financing) across multiple countries and regions, offering valuable market insights.
- Consumer Attitude and Behaviour Analysis: Explore consumer behaviour and attitudes, segmented by age, income, and gender, across various countries and regions. This analysis aids in developing targeted marketing and lending strategies that can be tailored to diverse global markets.
Table of Contents
All the regional and country sections above follow the following table of contents covering 161 charts and 136 tables for each country/region:
1. About this Report
2. Economic Indicators
3. Alternative Lending Industry Attractiveness
4. Alternative Lending Market Size and Forecast by End User
5. Alternative Lending Market Size and Forecast by Finance Models
6. Alternative Lending Market Size and Forecast by Payment Instrument
7. Alternative Lending Market Size and Forecast by Payment Instrument to Model
8. Alternative Lending Market Size and Forecast by Loan Types
9. Alternative Lending Analysis by Consumer Attitude and Behaviour
10. Further Reading
