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Global Alternative Lending Market Intelligence Databook 2024: A Predicted $971.6 Million Market by 2027, Registering CAGR of 10% During 2023-2027DUBLIN, March 11, 2024 /PRNewswire/ -- The "Global Alternative Lending Market Intelligence Databook Subscription - Q1 2024" report has been added to ResearchAndMarkets.com's offering. 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 is forecast to increase from US$566 million in 2022 to reach US$971.6 million by 2027. 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. The foray of these fintech firms into the growing alternative lending segment will further drive the competitive landscape, supporting the growth of the overall market from the short to medium-term perspective. 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. Going forward, more such SMEfocused alternative lenders are expected to raise funding rounds in Africa to reduce the annual credit gap in the SME sector across the region over the next five years. 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 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.
Alternative Lending Market Size and Forecast
Alternative Lending Market Size and Forecast by End User
Alternative Lending Market Size and Forecast by Finance Models
Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value
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
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending
Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending
Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading
Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities
Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding
Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding
Alternative Lending Market Size and Forecast by Loan Types
Alternative Lending Analysis by Consumer Attitude and Behaviour
For more information about this report visit https://www.researchandmarkets.com/r/7r9mb9 About ResearchAndMarkets.com Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1907 Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg SOURCE Research and Markets |