Alternative Lending transaction value in countries worldwide 2018
China had the highest alternative lending transaction value globally in 2018 with 178.89 billion U.S. dollars. The US and the UK came at a distant second and third at 8.21 and 3.98 billion U.S. dollars in 2018 respectively. In the UK, the number of loans in finTech alternative lending stood at 264,100 in 2018. This was expected to grow to 293,800 in 2023 with marketplace lending accounting for most of the alternative lending in the UK.
In other European economies such as Germany and Italy, alternative lending market is expected to grow from 266.4 million and 656.8 million dollars in 2018 to 293.3 and 799.2 million U.S. dollars in 2023 respectively. In Germany, property fintech catering to real estate market were the most common types of fintech start-ups in September 2019 with alternative finance and InsurTech at second and third positions respectively. In emerging economies such as India, alternative lending has grown at a rapid pace driven by strong government support and sustained funding.
In other European economies such as Germany and Italy, alternative lending market is expected to grow from 266.4 million and 656.8 million dollars in 2018 to 293.3 and 799.2 million U.S. dollars in 2023 respectively. In Germany, property fintech catering to real estate market were the most common types of fintech start-ups in September 2019 with alternative finance and InsurTech at second and third positions respectively. In emerging economies such as India, alternative lending has grown at a rapid pace driven by strong government support and sustained funding.
