A research study by Grand View Research Inc foresees the size of the global alternative lending platform market to reach US$14.47 billion by 2030. Emphasizing that the rapid technological developments and the increasing integration of technology in the financial sector across the globe are set to drive growth, the study report said that currently, the market is growing at a compounded annual growth rate (CAGR) of 23.6%. Furthermore, the growth of the industry will also be expedited by the priority accorded by market players in a bid to provide enhanced lending solutions to transform and develop the financing ecosystem.
