Market value of digital lending platform expected to reach $ 20.5 billion by 2028, covering impact of Covid-19: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research, in a recently published report titled “Digital Lending Platforms Market – Global Industry Analysis, Market Size, Opportunities, and Forecast, 2021-2028”

LOS ANGELES, July 15, 2021 (GLOBE NEWSWIRE) – The Global Digital Lending Platforms Market is expected to grow at a CAGR of around 16.8% from 2021 to 2028 and reach a market value of over US $ 20.5 billion by 2028.

Asia-Pacific to experience fastest CAGR growth for digital lending platform market in coming years

India is expected to use the digital lending platform with the highest peak in the Asia Pacific region during the forecast period. This is mainly due to the fact that new age fintechs in India are at the forefront of disrupting the digital lending platform market. According to sources, there are currently around 1,000 fintechs operating in India, and their digital models have taken on wider reach and coverage. Secondly, the increasing prevalence of digitization and consumer behavior patterns have undergone a drastic change, which is responsible for the growth of digital lending platforms in this region, ultimately contributing to the growth of the global digital lending platform market.


Europe, meanwhile, is expected to hold the second largest market share in the digital lending platform market. Thanks to regulatory support, digital lending has taken a turn in many countries. As a result, Europe has experienced the fastest growing in the global digital lending platform market. For example, the second European Union Payment Services Directive entered into force in January 2018, providing lucrative opportunities for European markets by allowing consumers to pay directly from their accounts rather than through third-party channels. using credit or debit cards.

The digital lending platform market is dominated by North America. The high influx of startups, such as fintechs, and the hub of established players have gained significant importance in the market. For example, Kabbage, a US-based company, uses proprietary technology to provide loans directly to small businesses and consumers through automated credit processes. Another company, OnDeck, offers business loans of up to US $ 250,000 in a single day. Currently, OnDeck has provided over US $ 7 billion in loans to small businesses in the United States, Canada and Australia.


Impact of COVID-19 on the Global Digital Lending Platform Market

According to an OECD report, the corona virus pandemic has caused widespread losses around the world. The OECD Economic Outlook for June 2020 forecast a 6% drop in global GDP and a 7.6% drop in a second wave by the end of 2020. COVID-19, other share, has had a significant impact on the global digital lending platform market. Several banks are focused on improving their digital loan service offerings to a broad consumer base through the introduction of digitization to achieve a higher profit matrix.

Sector perspectives

The global digital lending platform market is segmented as solution, service, deployment, and end use. Based on the solution, the market is segmented into business process management, loan analysis, loan management, loan origination, risk and compliance management, etc. Further, the services segment is segmented as design and implementation, training and education, risk assessment, consulting and support and maintenance. By deployment, the market is divided into on-premise and cloud. By end use, the market is segmented into banks, insurance companies, credit unions, savings and loan associations, peer-to-peer loans, and others.

Browse upcoming market research reports @

Competitive landscape

Major players in the digital lending platform include KreditBee, Kisht, PolicyBazaar, Loanboox GmbH, Credible, Tyro Payments Limited, Fundbox, On Deck Capital, Funding Circle, and among others.

Some of the major observations regarding the digital lending platform include:

  • In February 2021, KreditBee announced a raise of US $ 75 million. KreditBee, a leading startup with a large portfolio of loan products, this investment will certainly help take positive steps towards achieving large capital markets. The main objective of the increase in investment by KreditBee is to help the underserved population to offer maximum lending platform options.

  • In April 2019, Fundbox announced a partnership with Synchrony Business Center. Through the implementation of a successful partnership, the small business merchants of Synchrony Business Center who are involved in applying for business credit can easily access the Fundbox service through Synchrony Business Center.



Would like to place an order or any question, please feel free to contact at [email protected] | +1 407 915 4157

For the latest update, follow us: