FinTech Lending Market Size Is Booming Worldwide

FinTech Lending Market Status, Trends and COVID-19 Impact Report 2022, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider FinTech Lending Market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.

Global FinTech Lending Market is valued approximately USD 573.05 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 27.4% over the forecast period 2022-2029. FinTech Lending also known as FinTech Lending is a type of lending procedure utilized by banking and non-banking financial organization to process loan online with the help of Fintech solutions. The financial institution uses digital channels for disbursement & collection of loan re payment. The application of Fintech solutions in lending automates the lending process and reduces overall turnaround time for loan disbursement. The increasing penetration of digital lending services and growing internet penetration in emerging markets as well as strategic initiatives from leading market players are key factors accelerating the market growth. According to Statista – in 2019, the digital lending market in India was valued at USD 110 billion, and the market is projected to grow to USD 350 billion by end of 2023. Moreover, growing penetration of internet services in another driving factor accelerating the market growth.

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For instance, as per Statista – in 2020, globally the total number of internet users were estimated at 4.6 billion, and this number further increased to 4.9 billion in 2021. Also, rising digitization in BFSI sector worldwide and growing emergence of AI & ML technologies would create lucrative growth prospectus for the market over the forecast period. However, rising concern over data privacy and credit risk associated with fintech lending impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global FinTech Lending Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading FinTech lenders as well as availability of required technological infrastructure in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of Banking & financial services sector coupled with growing emergence of neo banks in the region.

Major market players included in this report are:

Avant LLC

Braviant Holdings

Fundbox

Funding Circle

Kabbage Funding

Lending Club Bank

OnDeck

RateSetter

Social Finance Inc.

Tavant

Recent Developments in the Market:

In September 2022, India based M2P Fintech announced the launch of its core lending suite. This new suit facilitates different aspects of lending including Onboarding (digital identity & KYC), loan management (loan origination and management), Debt management (collections), Go to Market strategies (partnerships), data services (Account Aggregation), operations, and access to consumption platforms (Buy Now Pay Later, Cards, UPI, and Fleet).

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering

Business Lending

Consumer Lending

By Business Model

Balance Sheet Lenders

Marketplace Lenders

By Enterprise Size

Large Enterprises

Small & Medium-sized Enterprises [SMEs]

By Lending Channel

Online

Offline

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

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ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

The Five Forces analysis examines the following factors:

1. Bargaining power of buyers
2. Bargaining power of suppliers
3. Threat of new entrants
4. Threat of substitutes
5. Threat of rivalry

The PESTLE analysis takes into account the following dimensions:

• Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
• Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
• Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
• Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
• Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
• Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.

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