The transaction value in the 'Crowdlending (Business)' segment of the fintech market in Thailand was forecast to continuously increase between 2024 and 2028 by in total 1.3 million U.S. dollars (+12.92 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 11.36 million U.S. dollars and therefore a new peak in 2028.
Data provided by Statista Market Insights are estimates.
Definition:
Crowdlending platforms, otherwise know as lending-based Crowdfunding enable small and medium-sized enterprises to get loans from single or multiple, private and institutional investors via an online brokering platform. On credit platforms such as Funding Circle, OnDeck, Kabbage and Lending Club, businesses can obtain small loans up to a set maximum value. As a rule, financing requests are analyzed by the provider via an internal scoring system and are checked against additional minimum requirements such as turnover. Subsequently, these financing requests can be invested in by private and institutional investors at an appropriate interest rate determined by the credit rating of the company. This makes it possible for SMEs to borrow quickly and easily, as the basic requirements for obtaining finance are more flexible compared to traditional bank loans.
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Statista. (January 22, 2024). Revenue of the crowdlending industry in Thailand 2018-2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1339549/thailand-crowdlending-transaction-value
Statista. "Revenue of the crowdlending industry in Thailand 2018-2028 (in million U.S. dollars)." Chart. January 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1339549/thailand-crowdlending-transaction-value
Statista. (2024). Revenue of the crowdlending industry in Thailand 2018-2028 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1339549/thailand-crowdlending-transaction-value
Statista. "Revenue of The Crowdlending Industry in Thailand 2018-2028 (in Million U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1339549/thailand-crowdlending-transaction-value
Statista, Revenue of the crowdlending industry in Thailand 2018-2028 (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1339549/thailand-crowdlending-transaction-value (last visited August 25, 2024)
Revenue of the crowdlending industry in Thailand 2018-2028 (in million U.S. dollars) [Graph], Statista, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1339549/thailand-crowdlending-transaction-value