U.S. Alternative Lending Market Databook 2023: Domestic Lending Automation Platforms Expanding their Global Presence to Drive Accelerated Growth

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Nov 15, 2023, 10:30 ET

DUBLIN, Nov. 15, 2023 /PRNewswire/ -- The "United States Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

The U.S. alternative lending market is forecast to grow by 17.5% on annual basis to reach US$256,842.4 million in 2023.

Medium to long term growth story of alternative lending in United States remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 13.5% during 2023-2027. The alternative lending market in the country will increase from US$218,617.3 million in 2022 to reach US$426,663.6 million by 2027.

Americans are borrowing more to cope with rising inflation and soaring cost of living. With the Federal Reserve hiking rates consistently over the last few quarters, traditional borrowing has become significantly expensive compared to the time during the pandemic outbreak. The alternative lending segment is expected to benefit from this, as consumers look for more affordable and conveniently available short-term loans.

Amid the growing demand, which is poised to accelerate further in 2023, firms are expected to raise capital from venture capital and private equity firms to offer credit to underbanked customers in the United States. Furthermore, domestic players are also projected to expand their geographical presence, as the alternative lending market is poised for accelerated growth in the global market.

Firms are raising capital to offer credit services to more underbanked and unbanked consumers in the United States

With consumers struggling to cover their bills as pandemic savings run out, the demand for credit has been on the surge amid the current macroeconomic environment. To serve the underbanked and unbanked section of the community, who do not have easy access to credit cards and traditional borrowing, alternative lending providers are raising capital rounds.

In addition to alternative lenders, infrastructure providers are also raising funding rounds to accelerate their expansion. As the market continues to record accelerated growth in the United States, the publisher expects more venture capital and private equity funding to enter the fast-growing fintech sector. This will further drive the competitive landscape in the United States' alternative lending industry.

Domestic lending automation platforms are expanding their global presence to drive accelerated growth

The demand for credit is expected to grow significantly in the global market due to rising inflation and the interest rate environment. This, in turn, will accelerate the number of players entering the alternative lending market in 2023. To offer infrastructure to such players, United States-based lending automation platforms are expanding their global presence in the European region, where inflation has reached multi-year highs.

Report Scope

This report provides in-depth data-centric analysis of Alternative Lending industry in United States through 127 tables and 150 charts. Below is a summary of key market segments:

United States Economic Indicators

Gross Domestic Product at Current Prices
Population
Unbanked Population
Unemployment Rate
Loan Default Rate

United States Alternative Lending Market Size and Forecast

Transaction Value
Average Transaction Value
Transaction Volume

United States Alternative Lending Market Size and Forecast by End User

End User - Business
End User - Consumer

United States Alternative Lending Market Size and Forecast by Finance Models

P2P Marketplace Consumer Lending
P2P Marketplace Business Lending
P2P Marketplace Property Lending
Balance Sheet Consumer Lending
Balance Sheet Business Lending
Balance Sheet Property Lending
Invoice Trading
Debt Based Securities
Equity Based Crowd Funding
Real Estate Crowd funding

United States Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value

United States Alternative Lending Market Size and Forecast by Payment Instrument to Model

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending

Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending

Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading

Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities

Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding

Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding

United States Alternative Lending Market Size and Forecast by Loan Types

B2C Loans
Personal Loan
Payroll Advance
Home Improvement
Education/Student Loans
Point of Sale
Auto Loans
Medical Loans
B2B Loans
Lines of Credit
Merchant Cash Advance
Invoice Factoring
Revenue Financing

United States Alternative Lending Analysis by Consumer Attitude and Behaviour

By Age
By Income
Gender

For more information about this report visit https://www.researchandmarkets.com/r/3jo7ux

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