Alternative Lending transaction value in countries worldwide 2018

China had the highest alternative lending transaction value globally in 2018 with 178.89 billion U.S. dollars. The US and the UK came at a distant second and third at 8.21 and 3.98 billion U.S. dollars in 2018 respectively. In the UK, the number of loans in finTech alternative lending stood at 264,100 in 2018. This was expected to grow to 293,800 in 2023 with marketplace lending accounting for most of the alternative lending in the UK.

In other European economies such as Germany and Italy, alternative lending market is expected to grow from 266.4 million and 656.8 million dollars in 2018 to 293.3 and 799.2 million U.S. dollars in 2023 respectively. In Germany, property fintech catering to real estate market were the most common types of fintech start-ups in September 2019 with alternative finance and InsurTech at second and third positions respectively. In emerging economies such as India, alternative lending has grown at a rapid pace driven by strong government support and sustained funding.

FinTech - Countries with the highest Alternative Lending transaction value worldwide* in 2018

Transaction value in billion U.S. dollars
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Source

Release date

June 2018

Region

Worldwide

Survey time period

2018

Supplementary notes

The Alternative Lending market segment relates to digital financial services for business customers as well as private borrowers. The market includes bank-independent loan allocation for SMEs (Crowdlending) and for personal loans (Marketplace Lending or so-called Peer-to-Peer lending) through private or institutional investors via online platforms (e.g. OnDeck, LendingClub, Prosper). In view of processing complexity, this market is focused on small and medium-sized enterprises (SMEs), freelancers and private persons. Bank financing is not considered, neither are any financial aspects that reach beyond the scope of small and medium-sized enterprises or donation-based Crowdfunding models.

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