Peer-to-Peer Lending Platforms
Over the five years to 2018, peer-to-peer (P2P) lending platforms have evolved from a handful of startups to an industry worth $3.3 billion. In particular, the P2P Lending Platforms industry has reached a mature stage of growth as leading platforms have taken their companies public, reached profitability and formed industry associations. Growth is expected to continue over the five years to 2023, albeit at a more subdued pace. IBISWorld projects that the effects of recent corporate tax cuts and deregulation of the financial sector will positively impact the industry.
Companies in this industry provide peer-to-peer lending, which occurs directly between individuals and organizations without the direct intermediation of a traditional financial institution. In this industry, individuals and organizations pool their money to support the efforts of borrowers, while generating a rate of return for themselves. Crowdfunded fundraising, where collective money supports others with financial donations and without planned repayment, is not part of this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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