PUBLISHER: KBV Research | PRODUCT CODE: 1384983
PUBLISHER: KBV Research | PRODUCT CODE: 1384983
North America Peer to Peer Lending Market Size, Share & Industry Trends Analysis Report By Business Model, By Loan Type, By End User, By Country and Growth Forecast, 2023 - 2030
The North America Peer to Peer Lending Market would witness market growth of 27.4% CAGR during the forecast period (2023-2030).
Artificial intelligence and machine learning use is growing in P2P lending for better risk assessment, fraud detection, and personalization of financial products. The increasing importance placed on sustainability and ethical principles has resulted in the rise of peer-to-peer lending platforms catering to green and ethical lending. As a result, these platforms have successfully attracted investors who prioritize environmental consciousness. Regulatory scrutiny of P2P lending is increasing as the industry grows. Finding a delicate equilibrium between fostering innovation and safeguarding consumer interests remains a complex task, and the supervision of regulations will persistently adapt and develop.
P2P lending is not static; it continues to evolve and innovate, introducing new features and technologies to enhance their services and meet the evolving needs of borrowers and lenders. Many platforms now employ AI algorithms to assess the creditworthiness of borrowers. These algorithms can analyze various data points, leading to more accurate risk assessments. Recognizing the importance of mobile access, platforms have developed mobile applications that allow users to manage their lending or borrowing activities on the go. Some P2P lending platforms have integrated cryptocurrencies, allowing investors to use digital assets as collateral or to invest in crypto-related loans. This provides diversification opportunities and attracts crypto enthusiasts.
As per the report titled Small Business Profile 2022, released by the Government of British Columbia, in the British Columbia province of Canada, this province exhibits a higher per capita concentration of small businesses, a greater proportion of the workforce employed by these businesses, and a higher prevalence of self-employment compared to other provinces. Small businesses constitute 98% of the total number of businesses in British Columbia. One in ten British Columbians are entrepreneurs in a province with 5.2 million people and 510,700 small businesses. Therefore, the growth of startups and small businesses in the North America nations will help raise the demand for peer to peer lending platforms in the region.
The US market dominated the North America Peer to Peer Lending Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $352,208.5 Million by 2030. The Canada market is exhibiting a CAGR of 30.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 29.1% during (2023 - 2030).
Based on Business Model, the market is segmented into Traditional Lending, and Alternate Marketplace Lending. Based on Loan Type, the market is segmented into Small Business Loans, Consumer Credit Loans, Real estate Loans, and Student Loans. Based on End User, the market is segmented into Business, and Personal. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harmoney Corp Limited, Funding Circle Limited (Funding Circle Holdings plc), LendingTree, LLC (LendingTree, Inc.), Upstart Network, Inc. (Upstart Holdings, Inc), LendingClub Bank (LendingClub Corporation), goPeer Corporation, Linked P2P Limited, Prosper Funding LLC (Prosper Marketplace, Inc.), Lending Loop (Loop Financial Inc.), and MoneyMe Limited.
Scope of the Study
Market Segments covered in the Report:
By Business Model
- Traditional Lending
- Alternate Marketplace Lending
By Loan Type
- Small Business Loans
- Consumer Credit Loans
- Real estate Loans
- Student Loans
By End User
- Business
- Personal
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Harmoney Corp Limited
- Funding Circle Limited (Funding Circle Holdings plc)
- LendingTree, LLC (LendingTree, Inc.)
- Upstart Network, Inc. (Upstart Holdings, Inc)
- LendingClub Bank (LendingClub Corporation)
- goPeer Corporation
- Linked P2P Limited
- Prosper Funding LLC (Prosper Marketplace, Inc.)
- Lending Loop (Loop Financial Inc.)
- MoneyMe Limited
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Peer to Peer Lending Market, by Business Model
- 1.4.2 North America Peer to Peer Lending Market, by Loan Type
- 1.4.3 North America Peer to Peer Lending Market, by End User
- 1.4.4 North America Peer to Peer Lending Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Peer to Peer Lending Market by Business Model
- 4.1 North America Traditional Lending Market by Country
- 4.2 North America Alternate Marketplace Lending Market by Country
Chapter 5. North America Peer to Peer Lending Market by Loan Type
- 5.1 North America Small Business Loans Market by Country
- 5.2 North America Consumer Credit Loans Market by Country
- 5.3 North America Real estate Loans Market by Country
- 5.4 North America Student Loans Market by Country
Chapter 6. North America Peer to Peer Lending Market by End User
- 6.1 North America Business Market by Country
- 6.2 North America Personal Market by Country
Chapter 7. North America Peer to Peer Lending Market by Country
- 7.1 US Peer to Peer Lending Market
- 7.1.1 US Peer to Peer Lending Market by Business Model
- 7.1.2 US Peer to Peer Lending Market by Loan Type
- 7.1.3 US Peer to Peer Lending Market by End User
- 7.2 Canada Peer to Peer Lending Market
- 7.2.1 Canada Peer to Peer Lending Market by Business Model
- 7.2.2 Canada Peer to Peer Lending Market by Loan Type
- 7.2.3 Canada Peer to Peer Lending Market by End User
- 7.3 Mexico Peer to Peer Lending Market
- 7.3.1 Mexico Peer to Peer Lending Market by Business Model
- 7.3.2 Mexico Peer to Peer Lending Market by Loan Type
- 7.3.3 Mexico Peer to Peer Lending Market by End User
- 7.4 Rest of North America Peer to Peer Lending Market
- 7.4.1 Rest of North America Peer to Peer Lending Market by Business Model
- 7.4.2 Rest of North America Peer to Peer Lending Market by Loan Type
- 7.4.3 Rest of North America Peer to Peer Lending Market by End User
Chapter 8. Company Profiles
- 8.1 Harmoney Corp Limited
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 SWOT Analysis
- 8.2 LendingTree, LLC (LendingTree, Inc.)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 SWOT Analysis
- 8.3 goPeer Corporation
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 Linked P2P Limited (Linked Finance)
- 8.4.1 Company Overview
- 8.5 Lending Loop (Loop Financial Inc.)
- 8.5.1 Company Overview
- 8.6 MoneyMe Limited
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.7 Funding Circle Limited (Funding Circle Holdings plc)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Recent strategies and developments:
- 8.7.4.1 Partnerships, Collaborations, and Agreements:
- 8.7.5 SWOT Analysis
- 8.8 Upstart Network, Inc. (Upstart Holdings, Inc)
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 SWOT Analysis
- 8.9 LendingClub Bank (LendingClub Corporation)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 SWOT Analysis
- 8.10. Prosper Funding LLC (Prosper Marketplace, Inc.)
- 8.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Peer to Peer Lending Market, 2019 - 2022, USD Million
- TABLE 2 North America Peer to Peer Lending Market, 2023 - 2030, USD Million
- TABLE 3 North America Peer to Peer Lending Market by Business Model, 2019 - 2022, USD Million
- TABLE 4 North America Peer to Peer Lending Market by Business Model, 2023 - 2030, USD Million
- TABLE 5 North America Traditional Lending Market by Country, 2019 - 2022, USD Million
- TABLE 6 North America Traditional Lending Market by Country, 2023 - 2030, USD Million
- TABLE 7 North America Alternate Marketplace Lending Market by Country, 2019 - 2022, USD Million
- TABLE 8 North America Alternate Marketplace Lending Market by Country, 2023 - 2030, USD Million
- TABLE 9 North America Peer to Peer Lending Market by Loan Type, 2019 - 2022, USD Million
- TABLE 10 North America Peer to Peer Lending Market by Loan Type, 2023 - 2030, USD Million
- TABLE 11 North America Small Business Loans Market by Country, 2019 - 2022, USD Million
- TABLE 12 North America Small Business Loans Market by Country, 2023 - 2030, USD Million
- TABLE 13 North America Consumer Credit Loans Market by Country, 2019 - 2022, USD Million
- TABLE 14 North America Consumer Credit Loans Market by Country, 2023 - 2030, USD Million
- TABLE 15 North America Real estate Loans Market by Country, 2019 - 2022, USD Million
- TABLE 16 North America Real estate Loans Market by Country, 2023 - 2030, USD Million
- TABLE 17 North America Student Loans Market by Country, 2019 - 2022, USD Million
- TABLE 18 North America Student Loans Market by Country, 2023 - 2030, USD Million
- TABLE 19 North America Peer to Peer Lending Market by End User, 2019 - 2022, USD Million
- TABLE 20 North America Peer to Peer Lending Market by End User, 2023 - 2030, USD Million
- TABLE 21 North America Business Market by Country, 2019 - 2022, USD Million
- TABLE 22 North America Business Market by Country, 2023 - 2030, USD Million
- TABLE 23 North America Personal Market by Country, 2019 - 2022, USD Million
- TABLE 24 North America Personal Market by Country, 2023 - 2030, USD Million
- TABLE 25 North America Peer to Peer Lending Market by Country, 2019 - 2022, USD Million
- TABLE 26 North America Peer to Peer Lending Market by Country, 2023 - 2030, USD Million
- TABLE 27 US Peer to Peer Lending Market, 2019 - 2022, USD Million
- TABLE 28 US Peer to Peer Lending Market, 2023 - 2030, USD Million
- TABLE 29 US Peer to Peer Lending Market by Business Model, 2019 - 2022, USD Million
- TABLE 30 US Peer to Peer Lending Market by Business Model, 2023 - 2030, USD Million
- TABLE 31 US Peer to Peer Lending Market by Loan Type, 2019 - 2022, USD Million
- TABLE 32 US Peer to Peer Lending Market by Loan Type, 2023 - 2030, USD Million
- TABLE 33 US Peer to Peer Lending Market by End User, 2019 - 2022, USD Million
- TABLE 34 US Peer to Peer Lending Market by End User, 2023 - 2030, USD Million
- TABLE 35 Canada Peer to Peer Lending Market, 2019 - 2022, USD Million
- TABLE 36 Canada Peer to Peer Lending Market, 2023 - 2030, USD Million
- TABLE 37 Canada Peer to Peer Lending Market by Business Model, 2019 - 2022, USD Million
- TABLE 38 Canada Peer to Peer Lending Market by Business Model, 2023 - 2030, USD Million
- TABLE 39 Canada Peer to Peer Lending Market by Loan Type, 2019 - 2022, USD Million
- TABLE 40 Canada Peer to Peer Lending Market by Loan Type, 2023 - 2030, USD Million
- TABLE 41 Canada Peer to Peer Lending Market by End User, 2019 - 2022, USD Million
- TABLE 42 Canada Peer to Peer Lending Market by End User, 2023 - 2030, USD Million
- TABLE 43 Mexico Peer to Peer Lending Market, 2019 - 2022, USD Million
- TABLE 44 Mexico Peer to Peer Lending Market, 2023 - 2030, USD Million
- TABLE 45 Mexico Peer to Peer Lending Market by Business Model, 2019 - 2022, USD Million
- TABLE 46 Mexico Peer to Peer Lending Market by Business Model, 2023 - 2030, USD Million
- TABLE 47 Mexico Peer to Peer Lending Market by Loan Type, 2019 - 2022, USD Million
- TABLE 48 Mexico Peer to Peer Lending Market by Loan Type, 2023 - 2030, USD Million
- TABLE 49 Mexico Peer to Peer Lending Market by End User, 2019 - 2022, USD Million
- TABLE 50 Mexico Peer to Peer Lending Market by End User, 2023 - 2030, USD Million
- TABLE 51 Rest of North America Peer to Peer Lending Market, 2019 - 2022, USD Million
- TABLE 52 Rest of North America Peer to Peer Lending Market, 2023 - 2030, USD Million
- TABLE 53 Rest of North America Peer to Peer Lending Market by Business Model, 2019 - 2022, USD Million
- TABLE 54 Rest of North America Peer to Peer Lending Market by Business Model, 2023 - 2030, USD Million
- TABLE 55 Rest of North America Peer to Peer Lending Market by Loan Type, 2019 - 2022, USD Million
- TABLE 56 Rest of North America Peer to Peer Lending Market by Loan Type, 2023 - 2030, USD Million
- TABLE 57 Rest of North America Peer to Peer Lending Market by End User, 2019 - 2022, USD Million
- TABLE 58 Rest of North America Peer to Peer Lending Market by End User, 2023 - 2030, USD Million
- TABLE 59 Key Information - Harmoney Corp Limited
- TABLE 60 Key Information - LendingTree, LLC
- TABLE 61 Key Information - goPeer Corporation
- TABLE 62 Key Information - Linked P2P Limited
- TABLE 63 Key Information - Lending Loop
- TABLE 64 Key Information - MoneyMe Limited
- TABLE 65 Key Information - Funding Circle Limited
- TABLE 66 Key Information - Upstart Network, Inc.
- TABLE 67 Key Information - LendingClub Bank
- TABLE 68 Key Information - Prosper Funding LLC
