Online lending platforms mainly provide credit to marginalized borrowers like SMBs that are unable to obtain enough capital from the other financial institutions such as banks.
Most of the SMBs are associated with higher risk as they lack high-quality collateral and long credit histories which induces banks to disapprove their loan requests to meet their short-term credit requirements. As a result, traditional banks have started focusing on catering to the specific needs of potential clients that will help reduce the huge funding gap between large corporates and SMBs. Online lenders use credit data to generate cash flows and analytics at the portfolio level which helps them manage individual portfolios and avoid firm-wide risks. This enables them to provide credit to SMBs at a much quicker rate than traditional banks, in turn, boosting market growth.
In 2018, the global Online Financing Platform for SMBs market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Online Financing Platform for SMBs status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Online Financing Platform for SMBs development in United States, Europe and China.
The key players covered in this study
CircleBack Lending
Kabbage
Lending Club
Ondeck
Peerform
Prosper
Borrowers First
Daric
Funding Circle
Pave
SoFi
Market segment by Type, the product can be split into
Advanced Authentication
Identity Proofing Services
Others
Market segment by Application, split into
Personal
Commercial
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Online Financing Platform for SMBs status, future forecast, growth opportunity, key market and key players.
To present the Online Financing Platform for SMBs development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Online Financing Platform for SMBs are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Online Financing Platform for SMBs. Industry analysis & Market Report on Online Financing Platform for SMBs is a syndicated market report, published as Global Online Financing Platform for SMBs Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Online Financing Platform for SMBs market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.