University publishes latest alternative finance sector study, covering the US, Canada, Latin America and the Caribbean.
Leading university publishes latest alternative finance sector study, covering the US, Canada, Latin America and the Caribbean.
The University of Cambridge’s Centre for Alternative Finance has published its latest research report on the state of alternative finance in the Americas, approximately one year on from the first iteration. The research has been compiled in collaboration with Chicago Booth’s Polsky Centre for Entrepreneurship and Innovation, CME Group and The Inter-American Development Bank.
The report covers all forms of alternative finance, from marketplace lending to rewards-based crowdfunding.
Key findings include an industry-wide “market volume” figure for 2016 of $34.5bn, up 22 per cent from the previous year. The growth comes despite the tribulations of the consumer-focused marketplace lending sector in the US, which continues to account for the majority ($21bn) of the overall market’s yearly output.
According to the report, balance sheet business lending became the second largest industry sub-sector by annual output in 2016 with $6bn originated, versus $3bn by balance sheet-based consumer lenders.
Other interesting tidbits from the 77 page report include:
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.