Research Blogs

The  global peer-to-peer (P2P) lending market  is expected in a report by Transparency Market Research (TMR) to find players following the trend of building tactical alliances to stretch their presence in small business loan divisions. This could be evidenced by the partnership between Prosper Marketplace, Inc. and OnDeck announced in the recent past. In order to improve its product portfolio, Prosper Marketplace also purchased American Healthcare. Using the strategy of collaboration with reliable investors, LendingClub Corporation is observed to target startups. Offering innovative solutions focused on the student demographic could be another trend observed in the market. TMR prophesies the global P2P lending market to expand at a 48.2% CAGR during the completion of the forecast tenure 2016-2024. The market could be worth a US$897.85 bn by the final forecast year. By end user, small business is expected to account for a larger share of the market while rising at a 48....

Low Cost of Operations Drives P2P Lending Market The unprecedented penetration of internet across the globe that is allowing borrowers to seek funds is propelling the global peer-to-peer lending (P2P) market . Technological advancements that are permitting users to have a smooth access to interfaces that offer quick updates is also augmenting this market. The research report published by Transparency Market Research states that the opportunity in the global P2P lending market was worth US$26.16 bn in 2015. Analysts predict that the market valuation will reach US$897.85 bn by 2024, as it expands at a significant CAGR of 48.2% from 2016 to 2024. The growth of the global P2P market is mainly being driven by growing advancements in technology that is encouraging potential consumers and existing players to make quick decisions. The low cost of operations is also supporting the growth of this market in comparison to the growth rate of conventional money lending institutions. Additionally, ...