The total value of alternative finance transactions across Europe in 2020 came to over 22 billion euros. The United Kingdom was by far the largest alternative finance market in Europe, accounting for almost 60 percent of all transactions in 2020. In 2020, per capita funding of alternative online finance transactions were also highest in the UK, followed by Latvia and Estonia.
Alternative channels
Alternative finance refers to sources of finance that have not come through traditional channels such as banks. Common types of alternative finance channels include online marketplaces where individuals or companies can raise finance through reward-based crowdfunding, equity crowdfunding, or revenue-based financing, online lenders, and peer-to-peer lending.
North America leads the alternative finance sector
The UK might be the big fish compared to other European countries for alternative finance, but compared to the North American markets they were small fry in 2020. The alternative finance market for in the U.S. and Canada combined was almost six times larger in 2020 than the U.K.
Total value of alternative finance market transactions in Europe in 2020, by country
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Financial technology firms operating Crowdfunding, P2P/Marketplace Lending and related online capital raising activities.
Method of interview
Email survey
Supplementary notes
The source added the following information: "in 2020, the data sample includes 654 firm-level observations in Europe, 53 in China, 342 in APAC (excluding China), 205 in LAC, 76 in MENA, 191 in SSA, 72 in the US and Canada, and 67 firms in the UK."
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Cambridge Judge Business School. (June 30, 2021). Total value of alternative finance market transactions in Europe in 2020, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1081271/europe-market-volume-alternative-finance-by-country/
Cambridge Judge Business School. "Total value of alternative finance market transactions in Europe in 2020, by country (in million U.S. dollars)." Chart. June 30, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1081271/europe-market-volume-alternative-finance-by-country/
Cambridge Judge Business School. (2021). Total value of alternative finance market transactions in Europe in 2020, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1081271/europe-market-volume-alternative-finance-by-country/
Cambridge Judge Business School. "Total Value of Alternative Finance Market Transactions in Europe in 2020, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 30 Jun 2021, https://www.statista.com/statistics/1081271/europe-market-volume-alternative-finance-by-country/
Cambridge Judge Business School, Total value of alternative finance market transactions in Europe in 2020, by country (in million U.S. dollars) Statista, https://www.statista.com/statistics/1081271/europe-market-volume-alternative-finance-by-country/ (last visited August 25, 2024)
Total value of alternative finance market transactions in Europe in 2020, by country (in million U.S. dollars) [Graph], Cambridge Judge Business School, June 30, 2021. [Online]. Available: https://www.statista.com/statistics/1081271/europe-market-volume-alternative-finance-by-country/