Market Insights Financial Capital Raising Digital Capital Raising

CrowdLending (Business) - Greece

Greece

The projected total transaction value in the Crowdlending (Business) market market in Greece is expected to reach US$7.8m in 2024.
When comparing globally, it is evident that China leads with the highest transaction value of US$15,970m in 2024.
In Greece, the CrowdLending market for Capital Raising is gaining traction among small businesses seeking alternative funding options amidst economic challenges.

Key regions: United States, Singapore, Brazil, Europe, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The CrowdLending (Business) market in Greece has witnessed significant growth in recent years, driven by changing customer preferences and favorable local circumstances.

Customer preferences: In Greece, businesses are increasingly turning to CrowdLending platforms as a source of financing due to the ease and convenience it offers. CrowdLending provides an alternative to traditional bank loans, allowing businesses to access funding quickly and without the need for extensive paperwork or collateral. This appeals to small and medium-sized enterprises (SMEs) that may struggle to meet the strict requirements of traditional lenders. Additionally, the ability to connect directly with individual lenders gives businesses a sense of transparency and control over the lending process.

Trends in the market: One of the key trends in the CrowdLending (Business) market in Greece is the rise of peer-to-peer (P2P) lending platforms. These platforms connect borrowers directly with individual lenders, cutting out the middleman and reducing costs. P2P lending has gained popularity in Greece due to its ability to offer competitive interest rates to borrowers and attractive returns to lenders. This trend is expected to continue as more businesses recognize the benefits of P2P lending and as the regulatory environment becomes more favorable. Another trend in the market is the increasing diversification of lending platforms. While initially, most CrowdLending platforms in Greece focused on specific industries or sectors, there has been a shift towards platforms that cater to a wider range of businesses. This diversification allows businesses from various sectors to access funding, promoting economic growth and innovation.

Local special circumstances: Greece has faced significant economic challenges in recent years, including a prolonged recession and a debt crisis. This has led to a tightening of credit conditions, making it difficult for businesses to secure financing through traditional channels. CrowdLending has emerged as a viable alternative, providing businesses with much-needed access to capital. The government has also recognized the potential of CrowdLending to stimulate economic growth and has introduced regulatory reforms to encourage its development.

Underlying macroeconomic factors: The growth of the CrowdLending (Business) market in Greece is also influenced by underlying macroeconomic factors. The country's economic recovery, albeit slow, has created a more favorable environment for businesses and investors. As the economy continues to stabilize, businesses are becoming more confident in seeking financing options, including CrowdLending. Additionally, low-interest rates in Greece have made borrowing more affordable, further driving demand for CrowdLending services. In conclusion, the CrowdLending (Business) market in Greece is experiencing significant growth due to changing customer preferences, favorable local circumstances, and underlying macroeconomic factors. The rise of P2P lending platforms and the diversification of lending options are key trends in the market. The economic challenges faced by Greece in recent years have also contributed to the growth of CrowdLending as businesses seek alternative sources of financing. As the economy continues to recover and regulatory reforms are implemented, the CrowdLending (Business) market in Greece is expected to further expand.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.