Market Insights Financial Capital Raising Digital Capital Raising

Marketplace Lending (Consumer) - Cambodia

Cambodia

The total transaction value in the Consumer Marketplace Lending market in Cambodia is forecasted to reach US$0.0 by 2024.
When compared globally, the United States leads with a transaction value of US$26,720m in 2024.
Key Market Indicators offer a glimpse into the social and economic landscape of the country, shedding light on market-specific trends.
These indicators, in conjunction with data from statistical offices, trade associations, and companies, form the basis for Statista market models.
Cambodia's Marketplace Lending sector is witnessing a surge in consumer capital raising platforms, offering diverse investment opportunities to the local population.

Key regions: Singapore, United States, Israel, United Kingdom, Australia

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Analyst Opinion

The Marketplace Lending (Consumer) market in Cambodia has been experiencing significant growth in recent years. Customer preferences in the Cambodian Marketplace Lending (Consumer) market have been shifting towards online lending platforms due to their convenience and accessibility.

Cambodian consumers are increasingly turning to these platforms to meet their borrowing needs, as they offer a quick and hassle-free application process. The ease of accessing loans through online platforms has made them a popular choice among borrowers in Cambodia. Additionally, the availability of a wide range of loan products and competitive interest rates offered by these platforms has further contributed to their popularity among consumers.

Trends in the Cambodian Marketplace Lending (Consumer) market indicate a growing demand for personal loans. As the economy in Cambodia continues to develop, more individuals are seeking financing for various purposes such as education, healthcare, and home improvements. This has led to an increased demand for personal loans, which can be easily obtained through online lending platforms.

The convenience and speed of the application process offered by these platforms have made them an attractive option for borrowers in need of quick access to funds. Local special circumstances in Cambodia have also played a role in the development of the Marketplace Lending (Consumer) market. Cambodia has a relatively young population, with a significant portion of the population being tech-savvy and comfortable with online transactions.

This has created a favorable environment for the growth of online lending platforms, as consumers are more willing to embrace digital solutions for their financial needs. Additionally, the lack of traditional banking infrastructure in some areas of the country has made online lending platforms the primary source of credit for many Cambodians. Underlying macroeconomic factors have also contributed to the growth of the Marketplace Lending (Consumer) market in Cambodia.

The country has experienced steady economic growth in recent years, with a growing middle class and increasing disposable income. This has resulted in a higher demand for credit among consumers, driving the growth of the lending market. Furthermore, the government's efforts to promote financial inclusion and improve access to credit have also played a role in the development of the Marketplace Lending (Consumer) market in Cambodia.

Overall, the Marketplace Lending (Consumer) market in Cambodia is experiencing significant growth due to customer preferences for online lending platforms, the increasing demand for personal loans, local special circumstances such as a young and tech-savvy population, and favorable macroeconomic factors. As the market continues to evolve, it is expected that online lending platforms will play an increasingly important role in meeting the borrowing needs of Cambodian consumers.

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.