Market Insights Financial Capital Raising Digital Capital Raising

Marketplace Lending (Consumer) - BRICS

BRICS

The BRICS country's MarketMarketplace Lending (Consumer) market market is forecasted to achieve a total transaction value of 0.00 by 2024.
When compared on a global scale, the 0 leads with a transaction value of 0 in 2024.
Key Market Indicators offer a glimpse into the social and economic landscape of the chosen region, shedding light on market-specific advancements.
These indicators, coupled with information sourced from statistical bureaus, trade groups, and enterprises, underpin the Statista market projections.
Brazil's Marketplace Lending sector in Capital Raising is experiencing a surge in P2P platforms, offering diverse investment opportunities to consumers.

Key regions: United Kingdom, United States, China, Brazil, Australia

Market

Region

Region comparison

Currency

Analyst Opinion

The Marketplace Lending (Consumer) market in BRICS is experiencing significant growth and development.

Customer preferences: In BRICS countries, consumers are increasingly turning to marketplace lending as an alternative to traditional banking services. This is driven by several factors, including the convenience and accessibility of online platforms, as well as the ability to access credit quickly and easily. Consumers are also attracted to the competitive interest rates and flexible repayment options offered by marketplace lenders.

Trends in the market: In Brazil, the marketplace lending market is growing rapidly, fueled by a large population and a high demand for credit. The country has a large number of unbanked or underbanked individuals, and marketplace lending platforms are filling this gap by providing access to credit for those who may not have access to traditional banking services. Additionally, the rise of mobile banking and digital payments in Brazil has further contributed to the growth of the marketplace lending market. In Russia, marketplace lending has gained popularity due to the country's high interest rates and strict lending requirements from traditional banks. Consumers are turning to marketplace lenders for faster and more accessible credit options. The market is also benefiting from the government's efforts to promote financial inclusion and support the growth of fintech companies. China has the largest marketplace lending market in the world, driven by a combination of factors including a large population, high internet penetration, and a growing middle class. The market is dominated by peer-to-peer lending platforms, which connect borrowers directly with investors. The government has implemented regulations to address risks in the sector and promote the development of a more sustainable marketplace lending market. In India, marketplace lending is gaining traction as a result of the country's growing digital economy and increasing smartphone penetration. The market is highly fragmented, with a mix of traditional banks, fintech startups, and peer-to-peer lending platforms. The government has introduced regulations to promote transparency and protect consumers, which is expected to further drive the growth of the marketplace lending market.

Local special circumstances: Each BRICS country has its own unique set of circumstances that contribute to the growth of the marketplace lending market. For example, in Brazil, the high interest rates charged by traditional banks and the large unbanked population create a favorable environment for marketplace lenders. In Russia, the strict lending requirements and high interest rates from traditional banks have created a demand for alternative lending options. In China, the large population, high internet penetration, and government support for fintech have contributed to the growth of the marketplace lending market. In India, the growing digital economy and government regulations are driving the development of the marketplace lending market.

Underlying macroeconomic factors: The growth of the marketplace lending market in BRICS countries is also influenced by underlying macroeconomic factors. For example, the level of economic development, income levels, and access to traditional banking services can impact the demand for marketplace lending. Additionally, government regulations and policies can either support or hinder the growth of the marketplace lending market. Overall, the marketplace lending market in BRICS countries is expected to continue to grow as consumers increasingly embrace the convenience and accessibility of online lending platforms.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.