Written by Jenn Day | Jun 27, 2024 4:16:01 PM
Read the Tech Report article here.
Here is a brief summary:
- Digital lending market estimated at $11.6 billion in 2023.
- Banks contribute to 33% of digital lending revenue.
- Small business loans make up 45% of P2P lending.
- The US holds 40% of market revenue; APAC shows fastest growth.
- Increased trust in fintech among younger adults.
- Expected to become the second-largest fintech segment by 2030.