Peer-to-Peer Lending Market

As of 2015, North America held a dominant position in the P2P market, accounting
for over 43% share in the overall market. The reducing interest in conventional
banking, increasing dependency on online platforms, and recent history of financial
crisis in this region has prompted P2P lending market to take lead cater to the
unmet financial demands of the population. Meanwhile, the P2P lending market is
estimated to show rapid progress in Asia Pacific. The emerging economies of China,
India, Japan, and Australia will make a significant contribution to the rise of this
market in Asia Pacific. The primary growth driver for this region will also be small
businesses that will seek financial alternatives to fund their projects.
Some of the key players in the global P2P lending market are Daric Inc.,
LendingClub Corporation, CommonBond Inc., Prosper Marketplace, Inc., Upstart
Network Inc., CircleBack Lending, Inc., Funding Circle Limited, Peerform, and Social
Finance Inc., Pave, Inc. Research suggests have the rising number of small
businesses are offer great many growth opportunities to the global P2P market to
grow and flourish in the coming years.
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