Product Code: GVR-4-68039-960-5
Alternative Lending Platform Market Growth & Trends:
The global alternative lending platform market size is expected to reach USD 14.47 billion by 2030, growing at a CAGR of 23.6% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing integration of technology in the financial sector worldwide is anticipated to drive the growth. The strong emphasis by market players on offering enhanced lending solutions to revolutionize the financing ecosystem also bodes well for the development of the industry.
In June 2022, HES FinTech, a loan management platform provider, based in Lithuania, collaborated with Nordigen, a transaction analytics platform based in Latvia. This partnership was aimed to revitalize the lending ecosystem in the European markets by delivering integrated and seamless solutions for end-to-end digital lending. They are focused on a technologically advanced approach to making the lending sector more accessible by eliminating the hassle of traveling to offices and signing documents.
Industry incumbents across the globe are focused on customer acquisition by providing attractive products. For instance, in December 2021, Kabbage from American Express launched Kabbage FundingTM, providing flexible lines of credit between USD 1,000 and USD 150,000 to qualified small businesses. Small businesses may apply for loans in minutes with Kabbage Funding to get working capital available around the clock to help them manage their cash flow.
The outbreak of the COVID-19 pandemic is expected to play a vital role in driving the growth of the market over the forecast period. Although the outbreak took a toll on the lending market, the need for credit, on the other hand, increased as many individuals suffered financial losses. This created unique opportunities for alternative lenders to cater to the vast credit requirement globally.
Alternative Lending Platform Market Report Highlights:
- The lending analytics segment is expected to witness the fastest growth over the forecast period. The rising prevalence of alternative lending increased the need to track and analyze loan data points which thereby created the need for lending analytics
- The managed services segment is expected to witness the fastest growth over the forecast period. The rising adoption of technology and rapidly changing industry trends are expected to increase the demand for managed services
- The cloud segment is expected to witness the fastest growth over the forecast period as the cloud-based deployment model aids in reducing operational costs and increases efficiency
- The peer-to-peer lending segment is expected to grow at the fastest CAGR. The increased utilization of internet applications and smartphones is expected to create growth opportunities for the segment growth over the forecast period
- Asia Pacific is expected to witness the fastest growth over the forecast period. The rapid technological developments and acceptance of algorithm-based modern credit solutions that can match borrowers with a best-suited lender offered by companies such as Wechat and Lendingkart in China, India, and Japan are the primary factor boosting the growth
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Alternative Lending Platform Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Global Alternative Lending Platform Market, 2017 - 2030
- 2.2.1 Global alternative lending platform market, by region, 2017 - 2030
- 2.2.2 Global alternative lending platform market, by solution, 2017 - 2030
- 2.2.3 Global alternative lending platform market, by service, 2017 - 2030
- 2.2.4 Global alternative lending platform market, by deployment, 2017 - 2030
- 2.2.5 Global alternative lending platform market, by end-use, 2017 - 2030
Chapter 3 Alternative Lending Platform Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size and Growth Prospects
- 3.3 Alternative Lending Platform Market - Value Chain Analysis
- 3.4 Alternative Lending Platform Market - Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Rising Adoption Of Digital Channels To Improve The Customer Experience
- 3.4.1.2 Rising Adoption Of Machine Learning, Blockchain, And AI-Based Alternative Lending Platforms And Solutions
- 3.4.2 Market challenge analysis
- 3.4.2.1 Security and data privacy concerns
- 3.5 Penetration and Growth Prospect Mapping
- 3.6 Alternative Lending Platform Market - Porter's Five Forces Analysis
- 3.7 Alternative Lending Platform Market - PESTEL Analysis
Chapter 4 Investment Landscape Analysis
- 4.1 Key Investor Dashboard
- 4.2 Investor Vision & Goal Analysis
- 4.3 Investment Highlights
- 4.3.1 Top VC investors
- 4.3.2 Top deals of 2021
- 4.3.3 Most well-funded company
- 4.4 Investor Strategies
Chapter 5 FinTech Industry Highlights
- 5.1 FinTech Ecosystem Overview
- 5.2 FinTech Services Overview
- 5.3 Total FinTech Investment, 2017 - 2021 (USD Billion)
- 5.4 FinTech Regulatory Outlook
- Government Regulations
- Private/Association Regulations
- 5.5 FinTech Company Analysis - GVR DashBoard (Top 50 companies)
Chapter 6 Alternative Lending Platform Solution Outlook
- 6.1 Alternative Lending Platform Market Share By Solution, 2021
- 6.2 Loan Origination
- 6.2.1 Loan origination alternative lending platform market, 2017 - 2030
- 6.3 Loan Servicing
- 6.3.1 Loan servicing alternative lending platform market, 2017 - 2030
- 6.4 Lending Analytics
- 6.4.1 Lending analytics alternative lending platform market, 2017 - 2030
- 6.5 Others
- 6.5.1 Others alternative lending platform market, 2017 - 2030
Chapter 7 Alternative Lending Platform Service Outlook
- 7.1 Alternative Lending Platform Market Share By Service, 2021
- 7.2 Integration & Deployment
- 7.2.1 Integration & deployment alternative lending platform market, 2017 - 2030
- 7.3 Support & Maintenance
- 7.3.1 Support & maintenance alternative lending platform market, 2017 - 2030
- 7.4 Training & Consulting
- 7.4.1 Training & consulting alternative lending platform market, 2017 - 2030
- 7.5 Managed Services
- 7.5.1 Managed services alternative lending platform market, 2017 - 2030
Chapter 8 Alternative Lending Platform Deployment Outlook
- 8.1 Alternative Lending Platform Market Share By Deployment, 2021
- 8.2 On-Premise
- 8.2.1 On-premise alternative lending platform market, 2017 - 2030
- 8.3 Cloud
- 8.3.1 Cloud alternative lending platform market, 2017 - 2030
Chapter 9 Alternative Lending Platform End-Use Outlook
- 9.1 Alternative Lending Platform Market Share By End-Use, 2021
- 9.2 Crowdfunding
- 9.2.1 Alternative lending platform market in crowdfunding, 2017 - 2030
- 9.3 Peer-to-Peer Lending
- 9.3.1 Alternative lending platform market in peer-to-peer lending, 2017
Chapter 10 Alternative Lending Platform Regional Outlook
- 10.1 Alternative Lending Platform Market Share By Region, 2021
- 10.2 North America
- 10.2.1 North America alternative lending platform market, 2017 - 2030
- 10.2.2 North America alternative lending platform market, by solution, 2017 - 2030
- 10.2.3 North America alternative lending platform market, by service, 2017 - 2030
- 10.2.4 North America alternative lending platform market, by deployment, 2017 - 2030
- 10.2.5 North America alternative lending platform market, by end-use, 2017 - 2030
- 10.2.6 U.S.
- 10.2.6.1 U.S. alternative lending platform market, 2017 - 2030
- 10.2.6.2 U.S. alternative lending platform market, by solution, 2017 - 2030
- 10.2.6.3 U.S. alternative lending platform market, by service, 2017 - 2030
- 10.2.6.4 U.S. alternative lending platform market, by deployment, 2017 - 2030
- 10.2.6.5 U.S. alternative lending platform market, by end-use, 2017 - 2030
- 10.2.7 Canada
- 10.2.7.1 Canada alternative lending platform market, 2017 - 2030
- 10.2.7.2 Canada alternative lending platform market, by solution, 2017 - 2030
- 10.2.7.3 Canada alternative lending platform market, by service, 2017 - 2030
- 10.2.7.4 Canada alternative lending platform market, by deployment, 2017 - 2030
- 10.2.7.5 Canada alternative lending platform market, by end-use, 2017 - 2030
- 10.3 Europe
- 10.3.1 Europe alternative lending platform market, 2017 - 2030
- 10.3.2 Europe alternative lending platform market, by solution, 2017 - 2030
- 10.3.3 Europe alternative lending platform market, by service, 2017 - 2030
- 10.3.4 Europe alternative lending platform market, by deployment, 2017 - 2030
- 10.3.5 Europe alternative lending platform market, by end-use, 2017 - 2030
- 10.3.6 Germany
- 10.3.6.1 Germany alternative lending platform market, 2017 - 2030
- 10.3.6.2 Germany alternative lending platform market, by solution, 2017 - 2030
- 10.3.6.3 Germany alternative lending platform market, by service, 2017 - 2030
- 10.3.6.4 Germany alternative lending platform market, by deployment, 2017 - 2030
- 10.3.6.5 Germany alternative lending platform market, by end-use, 2017 - 2030
- 10.3.7 U.K.
- 10.3.7.1 U.K. alternative lending platform market, 2017 - 2030
- 10.3.7.2 U.K. alternative lending platform market, by solution, 2017 - 2030
- 10.3.7.3 U.K. alternative lending platform market, by service, 2017 - 2030
- 10.3.7.4 U.K. alternative lending platform market, by deployment, 2017 - 2030
- 10.3.7.5 U.K. alternative lending platform market, by end-use, 2017 - 2030
- 10.4 Asia Pacific
- 10.4.1 Asia Pacific alternative lending platform market, 2017 - 2030
- 10.4.2 Asia Pacific alternative lending platform market, by solution, 2017 - 2030
- 10.4.3 Asia Pacific alternative lending platform market, by service, 2017 - 2030
- 10.4.4 Asia Pacific alternative lending platform market, by deployment, 2017 - 2030
- 10.4.5 Asia Pacific alternative lending platform market, by end-use, 2017 - 2030
- 10.4.6 China
- 10.4.6.1 China alternative lending platform market, 2017 - 2030
- 10.4.6.2 China alternative lending platform market, by solution, 2017 - 2030
- 10.4.6.3 China alternative lending platform market, by service, 2017 - 2030
- 10.4.6.4 China alternative lending platform market, by deployment, 2017 - 2030
- 10.4.6.5 China alternative lending platform market, by end-use, 2017 - 2030
- 10.4.7 India
- 10.4.7.1 India alternative lending platform market, 2017 - 2030
- 10.4.7.2 India alternative lending platform market, by solution, 2017 - 2030
- 10.4.7.3 India alternative lending platform market, by service, 2017 - 2030
- 10.4.7.4 India alternative lending platform market, by deployment, 2017 - 2030
- 10.4.7.5 India alternative lending platform market, by end-use, 2017 - 2030
- 10.4.8 Japan
- 10.4.8.1 Japan alternative lending platform market, 2017 - 2030
- 10.4.8.2 Japan alternative lending platform market, by solution, 2017 - 2030
- 10.4.8.3 Japan alternative lending platform market, by service, 2017 - 2030
- 10.4.8.4 Japan alternative lending platform market, by deployment, 2017 - 2030
- 10.4.8.5 Japan alternative lending platform market, by end-use, 2017 - 2030
- 10.5 Latin America
- 10.5.1 Latin America alternative lending platform market, 2017 - 2030
- 10.5.2 Latin America alternative lending platform market, by solution, 2017 - 2030
- 10.5.3 Latin America alternative lending platform market, by service, 2017 - 2030
- 10.5.4 Latin America alternative lending platform market, by deployment, 2017 - 2030
- 10.5.5 Latin America alternative lending platform market, by end-use, 2017 - 2030
- 10.5.6 Brazil
- 10.5.6.1 Brazil alternative lending platform market, 2017 - 2030
- 10.5.6.2 Brazil alternative lending platform market, by solution, 2017 - 2030
- 10.5.6.3 Brazil alternative lending platform market, by service, 2017 - 2030
- 10.5.6.4 Brazil alternative lending platform market, by deployment, 2017 - 2030
- 10.5.6.5 Brazil alternative lending platform market, by end-use, 2017 - 2030
- 10.6 MEA
- 10.6.1 MEA alternative lending platform market, 2017 - 2030
- 10.6.2 MEA alternative lending platform market, by solution, 2017 - 2030
- 10.6.3 MEA alternative lending platform market, by service, 2017 - 2030
- 10.6.4 MEA alternative lending platform market, by deployment, 2017 - 2030
- 10.6.5 MEA alternative lending platform market, by end-use, 2017 - 2030
Chapter 11 Competitive Analysis
- 11.1 Recent Developments & Impact Analysis, By Key Market Participants
- 11.2 Company Categorization
- 11.3 Vendor Landscape
- 11.3.1 Key company market share analysis, 2021
- 11.4 Company Analysis Tools
- 11.4.1 Company market position analysis
- 11.4.2 Competitive dashboard analysis
Chapter 12 Competitive Landscape
- 12.1 Funding Circle
- 12.1.1 Company overview
- 12.1.2 Financial performance
- 12.1.3 Product benchmarking
- 12.1.4 Strategic initiatives
- 12.2 On Deck Capital
- 12.2.1 Company overview
- 12.2.2 Financial performance
- 12.2.3 Product benchmarking
- 12.2.4 Strategic initiatives
- 12.3 Kabbage
- 12.3.1 Company overview
- 12.3.2 Financial performance
- 12.3.3 Product benchmarking
- 12.3.4 Strategic initiatives
- 12.4 Social Finance, Inc.
- 12.4.1 Company overview
- 12.4.2 Financial performance
- 12.4.3 Product benchmarking
- 12.4.4 Strategic initiatives
- 12.5 Prosper Funding LLC
- 12.5.1 Company overview
- 12.5.2 Financial performance
- 12.5.3 Product benchmarking
- 12.5.4 Strategic initiatives
- 12.6 Avant, LLC
- 12.6.1 Company overview
- 12.6.2 Financial performance
- 12.6.3 Product benchmarking
- 12.6.4 Strategic initiatives
- 12.7 Zopa Bank Limited
- 12.7.1 Company overview
- 12.7.2 Financial performance
- 12.7.3 Product benchmarking
- 12.7.4 Strategic initiatives
- 12.8 LendingClub Bank
- 12.8.1 Company overview
- 12.8.2 Financial performance
- 12.8.3 Product benchmarking
- 12.8.4 Strategic initiatives
- 12.9 Upstart Network, Inc.
- 12.9.1 Company overview
- 12.9.2 Financial performance
- 12.9.3 Product benchmarking
- 12.9.4 Strategic initiatives
- 12.10 CommonBond, Inc.
- 12.10.1 Company overview
- 12.10.2 Financial performance
- 12.10.3 Product benchmarking
- 12.10.4 Strategic initiatives