Alternative Lending transaction value in United Kingdom 2024

The graph presents the value of transactions in the Alternative Lending market in United Kingdom in 2020, and provides a forecast thereof until 2024. According to the Digital Market Outlook, the Crowdlending (Business) segment in United Kingdom is expected to grow to 2,841.4 million U.S. dollars in 2024.

Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the Digital Economy, including various digital goods and services. Alongside revenue forecasts for 150 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets. The Forecast was adjusted for the expected impact of COVID-19.

FinTech - Alternative Lending transaction value forecast in United Kingdom 2020-2024, by segment (in million U.S. dollars)

Characteristic	Crowdlending (Business)	Marketplace Lending (Personal)
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Supplementary notes

The Alternative Lending market segment relates to digital financial services for business customers as well as private borrowers. The market includes bank-independent loan allocation for SMEs (Crowdlending) and for personal loans (Marketplace Lending or so-called Peer-to-Peer lending) through private or institutional investors via online platforms (e.g. OnDeck, LendingClub, Prosper). In view of processing complexity, this market is focused on small and medium-sized enterprises (SMEs), freelancers and private persons. Bank financing is not considered, neither are any financial aspects that reach beyond the scope of small and medium-sized enterprises or donation-based Crowdfunding models.

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