The European alternative finance industry is lagging far behind the US and UK

The European alternative finance industry is lagging far behind the US and UK

“The European alternative finance industry — which includes marketplace lending, crowdfunding, balance sheet lending, and invoice trading, among other models — is far smaller by volume than in the US and UK, according to a report from the University of Cambridge and KPMG.

The European alt finance industry’s market volume was €1 billion ($1.1 billion) in 2015, up 72% from €594 million ($668 million) the year before. In comparison, the UK industry’s market volume was €4 billion ($4.5 billion) in 2015, up 84% YoY, while the market volume in the US was €34 billion ($38 billion), up 213% from 2014.”

Sourced through Scoop.it from: uk.businessinsider.com

Leave a Comment