Peer to Peer (P2P) Lending Market Share Analysis, Market Growth Forecast, 2028
Posted by Supriya Kokate on October 17th, 2021
The Peer to Peer (P2P) Lending Market is forecast to grow from USD 138.71 Billion in 2020 to USD 912.43 Billion by 2028, at a CAGR of 26.6 %during the forecast period. Low market risk and affordable operating cost are the major driving factor of the market.
The Peer to Peer (P2P) Lending Market is forecasted to show significant growth due to the increase in implementation online application and growing demand of the technology traditional banking systems.
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Peer to Peer (P2P) Lending is a process of debt financing that allows different individuals to borrow and lend money using an online platform. The quantity of interest charged for P2P loans is lower than compared to the traditional prime loans. Investors gets only a portion of the loan and spread the amount of the loan across many buyers.
Some of the major key players in the market are Prosper Marketplace, Inc.(US), Upstart Network Inc. (US), Common Bond Inc (US), Funding Circle Limited (UK), Avant, Inc. (US), CircleBack Lending, Inc. (US), Social Finance Inc. (US), Peer form (US), Pave, Inc. (US), Daric Inc. (US)
For the purpose of this report, the market has been segmented on the basis of Business, User and region:
Business Outlook (Revenue, USD Million; 2020-2028)
User Outlook (Revenue, USD Million; 2020-2028)
Regional Outlook (Revenue, USD Million; 2020-2028)
Further key findings from the report suggest
Key Features of the Peer to Peer (P2P) Lending Market Report:
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About the AuthorSupriya Kokate
Joined: January 23rd, 2019
Articles Posted: 581
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