Market Insights Financial Capital Raising Digital Capital Raising

CrowdLending (Business) - Turkey

Turkey

The total transaction value in the Crowdlending (Business) market market in Turkey is expected to reach US$0.0 by 2024.
When looking at a global scale, it is evident that China leads with a transaction value of US$15,970m in 2024.
Turkey's CrowdLending market is gaining traction as businesses increasingly turn to alternative capital raising methods amid economic uncertainties.

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

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Analyst Opinion

The CrowdLending (Business) market in Turkey is experiencing significant growth and development.

Customer preferences: In recent years, there has been a shift in customer preferences towards alternative financing options, such as CrowdLending. This is driven by the desire for faster and more flexible access to funding, as well as the increasing awareness and trust in online platforms. Businesses in Turkey are increasingly turning to CrowdLending as a way to secure funding for their growth and expansion plans.

Trends in the market: One of the key trends in the CrowdLending market in Turkey is the increasing number of platforms that are emerging to cater to the growing demand. These platforms provide a marketplace where businesses can connect with individual investors who are willing to lend money. This trend is fueled by the ease of setting up an online platform and the low barriers to entry in the market. Another trend in the market is the diversification of loan products offered by CrowdLending platforms. Initially, most platforms focused on providing short-term working capital loans to businesses. However, as the market has matured, we are seeing a wider range of loan products being offered, including longer-term loans for business expansion and project financing.

Local special circumstances: Turkey has a vibrant and dynamic business environment, with a large number of small and medium-sized enterprises (SMEs) driving economic growth. However, access to financing has traditionally been a challenge for these businesses, particularly for those without a strong credit history or collateral. CrowdLending platforms provide an alternative source of funding for these businesses, enabling them to access the capital they need to grow and expand.

Underlying macroeconomic factors: The development of the CrowdLending market in Turkey is also influenced by several macroeconomic factors. The country has a young and tech-savvy population, which is increasingly comfortable with conducting financial transactions online. This has created a favorable environment for the growth of online lending platforms. Additionally, Turkey has experienced strong economic growth in recent years, which has created a demand for financing from businesses looking to capitalize on new opportunities. However, traditional banks have been slow to meet this demand, leading to the rise of alternative financing options like CrowdLending. In conclusion, the CrowdLending (Business) market in Turkey is developing rapidly due to changing customer preferences, the emergence of new platforms, and the unique characteristics of the local business environment. These trends are supported by underlying macroeconomic factors, such as the young and tech-savvy population and strong economic growth. As the market continues to evolve, we can expect to see further innovation and growth in the CrowdLending sector in Turkey.

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.