Alternative Finance Global Market Report 2024 - Size, Share, Growth, Trends, Forecast To 2033

"The new report published by The Business Research Company, titled ""Alternative Finance Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the alternative finance market size has grown exponentially in recent years. It will grow from $216.08 billion in 2023 to $260.65 billion in 2024 at a compound annual growth rate (CAGR) of 20.6%. The alternative finance market size is expected to see exponential growth in the next few years. It will grow to $559.92 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%.

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Growth Of Small And Medium-Sized Businesses Propels Expansion Of The Alternative Finance Market
The increasing number of small and medium-sized businesses is expected to propel the growth of the alternative finance market going forward. Small and medium-sized businesses (SMBs) are companies whose size falls within specific parameters regarding number of employees, annual revenue, or assets. The growing number of small and medium-sized businesses (SMBs) is due to several factors, such as crowdfunding, peer-to-peer lending, tax benefits, and business development programs. Alternative finance helps small and medium-sized businesses (SMBs) by providing diverse and accessible funding options that address some of the limitations and challenges of traditional financing methods. For instance, in October 2023, according to the Department for Business and Trade, a UK-based government department, the number of small and medium-sized businesses (SMBs) grew from 5.50 million in 2022 to 5.54 million in 2023. Therefore, the increasing number of small and medium-sized businesses drives the growth of the alternative finance market.

Innovative Technologies Driving Major Companies in the Alternative Finance Market
Major companies operating in the alternative finance market are focused on developing innovative technologies, such as alternative financing platforms, to sustain their position in the market. Alternative financing platforms are digital or online platforms that enable individuals, businesses, and organizations to raise funds and acquire capital through methods like crowdfunding, peer-to-peer lending, invoice financing, equity crowdfunding, and other innovative financial services, bypassing traditional banking channels. For instance, in July 2021, Copernicus Group, a Spain-based asset management company, announced the launch of its alternative financing platform, Copernicus Credit. This platform offers diverse, innovative financial services, including crowdfunding, peer-to-peer lending, and specialized investment opportunities. Users can benefit from streamlined processes that simplify fundraising efforts and connect them directly with potential investors or lenders. The platform prioritizes user-friendly interfaces and robust security measures to ensure a safe and efficient transaction environment.

The alternative finance market covered in this report is segmented -
1) By Type: Peer-To-Peer Lending, Crowdfunding, Invoice Trading, Other Types
2) By Business Model: Traditional Lending, Alternate Marketplace Lending
3) By End User: Enterprise, Individuals

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Major companies operating in the alternative finance market are PayPal Holdings Inc., Rocket Mortgage, Bread Financial Holdings, Coinbase Global Inc., Social Finance Inc., Affirm Inc., LendingClub Corporation, OnDeck Capital Inc., Fiverr International Ltd., Betterment Holdings Inc., Funding Circle Holdings plc, Prosper Marketplace Inc., RateSetter, Wealthfront Corporation, OurCrowd Ltd., Freelancer Technology Pty Limited, FundingKnight, Indiegogo Inc., Landbay Partners Limited, Assetz Capital, Kiva Microfunds, Kickstarter PBC

Contents of the report:
1. Executive Summary
2. Alternative Finance Market Report Structure
3. Alternative Finance Market Trends And Strategies
4. Alternative Finance Market - Macro Economic Scenario
5. Alternative Finance Market Size And Growth
…..
27. Alternative Finance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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