The North America Alternative Lending Platform Market would witness market growth of 20.5% CAGR during the forecast period (2022-2028).
Some online loan platforms also analyze social media data to determine the applicant's financial situation. They use this information to assess their capacity to repay the loan. Together, these facts can frequently demonstrate that an applicant has sound financial standing despite having a limited credit history.
However, during the entire procedure, data is only collected with the applicant's permission. To qualify, the applicant must consent to the sharing of personal data. MSMEs favor alternative lenders for one more reason. In addition to being able to offer loans to subprime borrowers, they also offer a superior customer experience than any conventional bank. The loan application process is now simple due to the quick uptake of digital lending services.
The almost 300,000 small- and medium-sized (SME) enterprises in the United States that export to overseas markets may be disproportionately burdened by tariffs and non-tariff obstacles. They are aiming to strengthen USTR outreach to small firms, better integrate SME challenges and objectives into U.S. trade policy operations, and improve coordination between U.S. trade policy and promotion activities relating to SMEs across all policy activities.
The US market dominated the North America Alternative Lending Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,955.5 million by 2028. The Canada market is poised to grow at a CAGR of 23.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 22.2% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Loan Origination, Loan Servicing, Lending Analytics and Others. Based on Services Type, the market is segmented into Integration & Deployment, Support & Maintenance, Training & Consulting and Managed Services. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on End-use, the market is segmented into Crowdfunding and Peer-to-Peer Lending. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Alternative Lending Platform Market is Estimated to reach $8.2 Billion by 2028, at a CAGR of 22%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Funding Circle Limited, On Deck Capital, Inc., Upstart Network, Inc., American Express Kabbage Inc. (American Express Company), LendingClub Bank (LendingClub Corporation), Zopa Bank Limited, CommonBond, Inc., Prosper Funding LLC, Avant, LLC, and Social Finance.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Loan Origination
- Loan Servicing
- Lending Analytics
- Others
- Services
- Integration & Deployment
- Support & Maintenance
- Training & Consulting
- Managed Services
By Deployment
By End-use
- Crowdfunding
- Peer-to-Peer Lending
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Funding Circle Limited
- On Deck Capital, Inc.
- Upstart Network, Inc.
- American Express Kabbage Inc. (American Express Company)
- LendingClub Bank (LendingClub Corporation)
- Zopa Bank Limited
- CommonBond, Inc.
- Prosper Funding LLC
- Avant, LLC
- Social Finance
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Alternative Lending Platform Market, by Component
1.4.2 North America Alternative Lending Platform Market, by Deployment
1.4.3 North America Alternative Lending Platform Market, by End-use
1.4.4 North America Alternative Lending Platform Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Business Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America Alternative Lending Platform Market by Component
4.1 North America Solution Market by Country
4.2 North America Alternative Lending Platform Market by Solution Type
4.2.1 North America Loan Origination Market by Country
4.2.2 North America Loan Servicing Market by Country
4.2.3 North America Lending Analytics Market by Country
4.2.4 North America Others Market by Country
4.3 North America Services Market by Country
4.4 North America Alternative Lending Platform Market by Services Type
4.4.1 North America Integration & Deployment Market by Country
4.4.2 North America Support & Maintenance Market by Country
4.4.3 North America Training & Consulting Market by Country
4.4.4 North America Managed Services Market by Country
Chapter 5. North America Alternative Lending Platform Market by Deployment
5.1 North America On-Premise Market by Country
5.2 North America Cloud Market by Country
Chapter 6. North America Alternative Lending Platform Market by End-use
6.1 North America Crowdfunding Market by Country
6.2 North America Peer-to-Peer Lending Market by Country
Chapter 7. North America Alternative Lending Platform Market by Country
7.1 US Alternative Lending Platform Market
7.1.1 US Alternative Lending Platform Market by Component
7.1.1.1 US Alternative Lending Platform Market by Solution Type
7.1.1.2 US Alternative Lending Platform Market by Services Type
7.1.2 US Alternative Lending Platform Market by Deployment
7.1.3 US Alternative Lending Platform Market by End-use
7.2 Canada Alternative Lending Platform Market
7.2.1 Canada Alternative Lending Platform Market by Component
7.2.1.1 Canada Alternative Lending Platform Market by Solution Type
7.2.1.2 Canada Alternative Lending Platform Market by Services Type
7.2.2 Canada Alternative Lending Platform Market by Deployment
7.2.3 Canada Alternative Lending Platform Market by End-use
7.3 Mexico Alternative Lending Platform Market
7.3.1 Mexico Alternative Lending Platform Market by Component
7.3.1.1 Mexico Alternative Lending Platform Market by Solution Type
7.3.1.2 Mexico Alternative Lending Platform Market by Services Type
7.3.2 Mexico Alternative Lending Platform Market by Deployment
7.3.3 Mexico Alternative Lending Platform Market by End-use
7.4 Rest of North America Alternative Lending Platform Market
7.4.1 Rest of North America Alternative Lending Platform Market by Component
7.4.1.1 Rest of North America Alternative Lending Platform Market by Solution Type
7.4.1.2 Rest of North America Alternative Lending Platform Market by Services Type
7.4.2 Rest of North America Alternative Lending Platform Market by Deployment
7.4.3 Rest of North America Alternative Lending Platform Market by End-use
Chapter 8. Company Profiles
8.1 Funding Circle Limited (Funding Circle Holdings plc)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 On Deck Capital, Inc. (Enova International, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Business Expansions:
8.3 Upstart Network, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Recent strategies and developments:
8.3.3.1 Partnerships, Collaborations, and Agreements:
8.3.3.2 Product Launches and Product Expansions:
8.4 American Express Kabbage Inc. (American Express Company)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Product Launches and Product Expansions:
8.5 LendingClub Bank (LendingClub Corporation)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Product Launches and Product Expansions:
8.6 Zopa Bank Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.7 CommonBond, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Product Launches and Product Expansions:
8.7.2.2 Business Expansions:
8.8 Prosper Funding LLC (Prosper Marketplace, Inc.)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Avant, LLC
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. Social Finance
8.10.1 Company Overview
TABLE 1 North America Alternative Lending Platform Market, 2018 - 2021, USD Million
TABLE 2 North America Alternative Lending Platform Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Alternative Lending Platform Market
TABLE 4 Product Launches And Product Expansions– Alternative Lending Platform Market
TABLE 5 Acquisition and Mergers– Alternative Lending Platform Market
TABLE 6 Business Expansions– ALTERNATIVE LENDING PLATFORM MARKET
TABLE 7 North America Alternative Lending Platform Market by Component, 2018 - 2021, USD Million
TABLE 8 North America Alternative Lending Platform Market by Component, 2022 - 2028, USD Million
TABLE 9 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Alternative Lending Platform Market by Solution Type, 2018 - 2021, USD Million
TABLE 12 North America Alternative Lending Platform Market by Solution Type, 2022 - 2028, USD Million
TABLE 13 North America Loan Origination Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Loan Origination Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Loan Servicing Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Loan Servicing Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Lending Analytics Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Lending Analytics Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Alternative Lending Platform Market by Services Type, 2018 - 2021, USD Million
TABLE 24 North America Alternative Lending Platform Market by Services Type, 2022 - 2028, USD Million
TABLE 25 North America Integration & Deployment Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Integration & Deployment Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Support & Maintenance Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Support & Maintenance Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Training & Consulting Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Training & Consulting Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Managed Services Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Managed Services Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Alternative Lending Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 34 North America Alternative Lending Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 35 North America On-Premise Market by Country, 2018 - 2021, USD Million
TABLE 36 North America On-Premise Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Alternative Lending Platform Market by End-use, 2018 - 2021, USD Million
TABLE 40 North America Alternative Lending Platform Market by End-use, 2022 - 2028, USD Million
TABLE 41 North America Crowdfunding Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Crowdfunding Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Peer-to-Peer Lending Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Peer-to-Peer Lending Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Alternative Lending Platform Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Alternative Lending Platform Market by Country, 2022 - 2028, USD Million
TABLE 47 US Alternative Lending Platform Market, 2018 - 2021, USD Million
TABLE 48 US Alternative Lending Platform Market, 2022 - 2028, USD Million
TABLE 49 US Alternative Lending Platform Market by Component, 2018 - 2021, USD Million
TABLE 50 US Alternative Lending Platform Market by Component, 2022 - 2028, USD Million
TABLE 51 US Alternative Lending Platform Market by Solution Type, 2018 - 2021, USD Million
TABLE 52 US Alternative Lending Platform Market by Solution Type, 2022 - 2028, USD Million
TABLE 53 US Alternative Lending Platform Market by Services Type, 2018 - 2021, USD Million
TABLE 54 US Alternative Lending Platform Market by Services Type, 2022 - 2028, USD Million
TABLE 55 US Alternative Lending Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 56 US Alternative Lending Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 57 US Alternative Lending Platform Market by End-use, 2018 - 2021, USD Million
TABLE 58 US Alternative Lending Platform Market by End-use, 2022 - 2028, USD Million
TABLE 59 Canada Alternative Lending Platform Market, 2018 - 2021, USD Million
TABLE 60 Canada Alternative Lending Platform Market, 2022 - 2028, USD Million
TABLE 61 Canada Alternative Lending Platform Market by Component, 2018 - 2021, USD Million
TABLE 62 Canada Alternative Lending Platform Market by Component, 2022 - 2028, USD Million
TABLE 63 Canada Alternative Lending Platform Market by Solution Type, 2018 - 2021, USD Million
TABLE 64 Canada Alternative Lending Platform Market by Solution Type, 2022 - 2028, USD Million
TABLE 65 Canada Alternative Lending Platform Market by Services Type, 2018 - 2021, USD Million
TABLE 66 Canada Alternative Lending Platform Market by Services Type, 2022 - 2028, USD Million
TABLE 67 Canada Alternative Lending Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 68 Canada Alternative Lending Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 69 Canada Alternative Lending Platform Market by End-use, 2018 - 2021, USD Million
TABLE 70 Canada Alternative Lending Platform Market by End-use, 2022 - 2028, USD Million
TABLE 71 Mexico Alternative Lending Platform Market, 2018 - 2021, USD Million
TABLE 72 Mexico Alternative Lending Platform Market, 2022 - 2028, USD Million
TABLE 73 Mexico Alternative Lending Platform Market by Component, 2018 - 2021, USD Million
TABLE 74 Mexico Alternative Lending Platform Market by Component, 2022 - 2028, USD Million
TABLE 75 Mexico Alternative Lending Platform Market by Solution Type, 2018 - 2021, USD Million
TABLE 76 Mexico Alternative Lending Platform Market by Solution Type, 2022 - 2028, USD Million
TABLE 77 Mexico Alternative Lending Platform Market by Services Type, 2018 - 2021, USD Million
TABLE 78 Mexico Alternative Lending Platform Market by Services Type, 2022 - 2028, USD Million
TABLE 79 Mexico Alternative Lending Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 80 Mexico Alternative Lending Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 81 Mexico Alternative Lending Platform Market by End-use, 2018 - 2021, USD Million
TABLE 82 Mexico Alternative Lending Platform Market by End-use, 2022 - 2028, USD Million
TABLE 83 Rest of North America Alternative Lending Platform Market, 2018 - 2021, USD Million
TABLE 84 Rest of North America Alternative Lending Platform Market, 2022 - 2028, USD Million
TABLE 85 Rest of North America Alternative Lending Platform Market by Component, 2018 - 2021, USD Million
TABLE 86 Rest of North America Alternative Lending Platform Market by Component, 2022 - 2028, USD Million
TABLE 87 Rest of North America Alternative Lending Platform Market by Solution Type, 2018 - 2021, USD Million
TABLE 88 Rest of North America Alternative Lending Platform Market by Solution Type, 2022 - 2028, USD Million
TABLE 89 Rest of North America Alternative Lending Platform Market by Services Type, 2018 - 2021, USD Million
TABLE 90 Rest of North America Alternative Lending Platform Market by Services Type, 2022 - 2028, USD Million
TABLE 91 Rest of North America Alternative Lending Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 92 Rest of North America Alternative Lending Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 93 Rest of North America Alternative Lending Platform Market by End-use, 2018 - 2021, USD Million
TABLE 94 Rest of North America Alternative Lending Platform Market by End-use, 2022 - 2028, USD Million
TABLE 95 Key Information – Funding Circle Limited
TABLE 96 Key Information – On Deck Capital, Inc.
TABLE 97 Key Information – Upstart Network, Inc.
TABLE 98 Key Information – American Express Kabbage Inc.
TABLE 99 Key Information – LendingClub Bank
TABLE 100 Key Information – Zopa Bank Limited
TABLE 101 Key Information – CommonBond, Inc.
TABLE 102 Key Information – Prosper Funding LLC
TABLE 103 Key Information – Avant, LLC
TABLE 104 Key Information – Social Finance
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Funding Circle Limited
FIG 5 Recent strategies and developments: On Deck Capital, Inc.
FIG 6 Recent strategies and developments: Upstart Network, Inc.
FIG 7 Recent strategies and developments: CommonBond, Inc.