P2P market worth $10bn per year by 2020, suggests study
A study of the global online lending and crowdfunding market by Juniper Research suggests a doubling of revenues in the coming three years.
The global market for p2p/marketplace lending and crowdfunding platforms is set to reach $10.5bn by 2020, doubling the current forecasted 2016 revenues, according to a new report by Juniper Research.
With just a month to go, 2016 looks set to be remembered as a tumultuous one for p2p and marketplace lending as the industry’s rapid growth hit several hurdles. Nonetheless, volumes have continued their upward trend and new platforms have continued to launch.