P2P Lending Market expect to reach at US$ 894.81 billion by 2032-CircleBack Lending, Lending Club, Peerform, Prosper, Upstart, Funding Circle, PwC, SoFi, LendingTree, GuidetoLenders, EvenFinacial, Creditease

New Jersey, United States,-The global peer to peer (P2P) lending market size was valued at US$ 93.34 billion in 2021 and it is expected to hit over US$ 894.81 billion by 2032 with a registered CAGR of 23.23% from 2022 to 2032.

The peer to peer (P2P) lending is a process or procedure of lending money or loans to businesses as well as individuals through online applications or website. The peer to peer (P2P) lending services are quite inexpensive in nature. At the same time, peer to peer (P2P) lending is considered as unsecured form of financial service. One of the key factors driving the growth of global peer to peer (P2P) lending market is growing need and requirement of finance and loans.

The operating fees of peer to peer (P2P) lending platforms are quite less as compared to traditional financial services. The loans on peer to peer (P2P) lending platforms are approved within a short period of time. All of these benefits are paving way for the growth of the global peer to peer (P2P) lending market during the forecast period.

Some of the Major Key players profiled in the study are CircleBack Lending, Lending Club, Peerform, Prosper, Upstart, Funding Circle, PwC, SoFi, LendingTree, GuidetoLenders, EvenFinacial, Creditease

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Key Developments

Prosper's team launched a website in June 2018 to improve customer experience. They are mostly concerned with the site's ease of use and responsiveness. In terms of website upgrades, they completely redesigned two key areas: the account dashboard and the auto invest setup.
Faircent.com had begun facilitating loans in COVID-19 low impact Green Zones in May 2020 to capitalize on the untapped market.
Zopa sought for a banking license in 2016 in order to grow its business into a broader range of financial services. Due to the introduction of Open Banking in the UK, a company with new fintech products acquired a full banking license in 2018.
Matrix Partners, a U.S. based investment group, invested around $1.7 million in Liquiloans, an Indian peer to peer (P2P) lending platform, in January 2019. The funds will be used to establish the company as a brand and gain credibility.

Global P2P Lending Market Segmentation:

P2P Lending Segmentation by Type:

Online Lending, Offline Lending.

P2P Lending Segmentation by Application:

Private Lending, Company Lending, Other

Peer-to-peer lending, or P2P lending, refers to a monetary arrangement between two entities without the involvement of various financial institutions. It involves a borrower seeking unsecured personal, business or educational loans from investors that are seeking higher returns on their investments. The transaction is conducted through a P2P lending platform that acts as an intermediary and risk mitigator between the two parties. It also facilitates multiple partner lending and borrowing for diversification of investments. In comparison to the traditionally used financing alternatives, P2P lending is prompt, paperless, offers higher returns, does not impact credit score and is more flexible.

Increasing digitization in the banking industry is one of the key factors driving the growth of the market. Furthermore, the emergence of small and medium-sized enterprises (SMEs), especially in developing countries, is stimulating the market growth.

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These small-scale organizations require financing alternatives with minimal charging fees and convenient repayment options. Apart from this, P2P lending platforms also eliminate the cost of establishing physical branches, staffing and maintenance, thereby gaining preference among the masses.

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The cost analysis of the Global P2P Lending Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

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Key questions answered in the report include:

who are the key market players in the P2P Lending Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the P2P Lending Market?
What are the regional growth trends and the leading revenue-generating regions for the P2P Lending Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key P2P Lending Market trends impacting the growth of the market?
What are the major Product Types of P2P Lending?
What are the major applications of P2P Lending?
Which P2P Lending Services technologies will top the market in next 7 years?
Table of Contents

Global P2P Lending Market Research Report 2022 - 2029

Chapter 1 P2P Lending Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global P2P Lending Market Forecast

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