Global Alternative Lending Market Expected to Gain From Growing Adoption of Online Brokering Platforms - QYR Consulting - Seite 2

The report provides comprehensive analysis of leading as well as prominent players of the global alternative lending market on the basis of CAGR, market value, growth, business strategies, regional expansion, sales, and other vital factors. The analysts have profiled several companies, viz. SocietyOne, Capital Match, Capital Float, maneo, Tuandai, Renrendai, Lufax, CreditEase, auxmoney, Mintos, RateSetter, Lendix, Zopa, Funding Circle, Avant, OnDeck, SoFi, Upstart, Prosper, and LendingClub.

Founded by ex-Googlers, Upstart is a US-based online lending marketplace that uses machine learning and AI for automating the borrowing process and pricing credit. In April 2019, it raised a $50 million equity investment from First National Bank of Omaha, Healthcare of Ontario Pension Plan, and Progressive Investment Company. In the same month, it made partnership agreements with Accion Chicago, First Federal Bank of Kansas City, and First National Bank of Omaha.

Players are expected to partner with financial institutions and banks to secure a position of strength in the global alternative lending market.

By Type

• P2P Lending
• Crowdfunding
• Others

By End User

• Individuals
• Businesses
• Others

P2P lending and crowdfunding are some of the important types of alternative lending. The authors of the report have also shed light on the others segment of the global alternative lending market. Among these, crowdfunding is predicted to account for a remarkable share of the global market due to its significant transaction value. Among end users, businesses are projected to gain commanding growth in the global market because of the need for additional funds to develop operations, build new facilities, and invest in research and development.

Regionally, there could be a decent demand for alternative lending in developed countries such as the US, the UK, Italy, and Switzerland. However, China is anticipated to show tremendous growth in the global alternative lending market. It could be among the top five alternative lending markets in the world. Its impressive cumulated transaction value is expected to support its growth in the global market.

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Research Methodology

This research study has been prepared with the use of advanced primary and secondary research techniques. All of the data sources used during the study are reliable and authentic. The analysts adopted top-down and bottom-up approaches for forecasting and validating the size of the global alternative lending market and its key segments. After calculating the market figures and determining various market splits using secondary research, the analysts verified them with the help of primary sources. They also used data triangulation to project the market size of the segments studied in the report.