The peer to peer (P2P) lending market was valued at $26,064 million in 2015 and is projected to reach $460,312 million by 2022, growing at a CAGR of 51.5% from 2016 to 2022. In 2015, small business loans dominated the market, whereas consumer credit loans is anticipated to grow at a robust rate, in terms of market share.
Alternative marketplace lending or P2P lending market, which is also referred to as social lending, person-to-person lending, microfinance and microloans, is a non-traditional form of lending money. Alternative marketplace lending is in contrast with the traditional lending method, where the bank or other financial institution offer loans to individuals or small and medium businesses.
Increase in awareness about the benefits of peer to peer lending market, greater money transparency, higher returns to investors, lower interest rates for borrowers, rise in small business loans, consumer credit loans and increasing Chinese P2P lending market share are the major factors that drive the market growth.
- LendingClub Corporation
- Funding Circle Limited
- Prosper Marketplace, Inc.
- Circleback Lending, LLC.
- Social Finance, Inc.
- Zopa Limited
- Avant, Inc.
- onDeck Capital, Inc.
- Kabbage, Inc.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Peer To Peer Lending Market By End-Users
Chapter 5 Peer To Peer Lending Market By Business Model
Chapter 6 Peer To Peer Lending Market By Geography
Chapter 7 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/s4bsn8/global_peer_to.