FinTech loan market to reach $ 4,957.16 billion, globally, by 2030 at 27.4% CAGR: Allied Market Research

The shift from traditional lending to digital lending, the increase in government initiatives, and the focus on digitizing lending processes are driving the growth of the global fintech lending market.

PORTLAND, Ore., November 15, 2021 / PRNewswire / – Allied Market Research published a report titled, FinTech loan market by offering (business loans and consumer loans), business model (balance sheet lenders and market lenders), company size (large companies and small and medium-sized enterprises (SMEs)) and lending channel (online and offline): Global Opportunity Analysis and Industry Forecast, 2021-2030. ” According to the report, the global fintech lending industry has generated $ 449.89 billion in 2020, and should generate $ 4,957.16 billion by 2030, witness a 27.4% CAGR from 2021 to 2030.

Drivers, constraints and opportunities

The shift from traditional lending to digital lending, the increase in government initiatives, and the focus on digitizing lending processes are driving the growth of the global fintech lending market. However, increasing security and compliance issues are hampering the growth of the market. On the other hand, technological innovations in fintech lending and the increasing demand for integrated cloud-based products present new opportunities in the years to come.

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COVID-19 scenario:

  • Fintech companies have changed their preferences in favor of digitizing their financial assets and lending programs. It helped them capture the huge customer base even during the lockdown.
  • However, various government authorities around the world have forced banks and lenders to change their debt rebuilding and other policies. This is expected to have a negative impact on the growth of the market.

Business Lending segment will continue to play a leading role during the forecast period

On the basis of supply, the business lending segment accounted for the largest share in 2020, contributing nearly two-thirds of the global fintech lending market, and is expected to maintain its leading status during the forecast period. This is due to rapid business loans, changes in business preferences, and the boom in Small Business Administration (SBA) loan programs. However, the consumer lending segment is estimated to register the most Fastest CAGR by 29.7% from 2021 to 2030, due to the preference for online platforms for obtaining loans, personalized loan services, changing borrower trends and technological advancements.

Online segment will maintain its leading position throughout the forecast period

On the basis of lending channel, the online segment contributed the highest share in 2020, accounting for nearly four-fifths of the global fintech lending market, and is expected to maintain its leading position throughout the forecast period. . Additionally, this segment is expected to have the highest CAGR of 28.5% from 2021 to 2030. This is due to the hassle-free lending process, low cost loan customization, and the mitigation of lending risks. unsecured. The research also analyzes the offline segment.

North America maintain its dominant share by 2030

Depending on the region, North America held the highest market share in 2020, accounting for almost half of the global fintech lending market, and is expected to maintain its dominant share by 2030. This is due to the development of an interactive and user-friendly user interface for sites Web and applications, advanced collection and retrieval of the consumer base, presence of major global players and massive product awareness. However, Asia Pacific is expected to experience the highest CAGR of 32.0% during the forecast period, due to the increasing digital lending landscape as well as the increase in the number of start-ups and several government initiatives supporting FinTech loans in developing countries such as India, China, and Japan.

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The main players in the market

  • Before, LLC
  • Braviant Holdings
  • Fund of funds
  • Fundraising circle
  • Cabbage financing
  • LendingClub Bank
  • On the bridge
  • RateSetter
  • Social Finance, Inc.
  • Tavant

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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