Peer to Peer Lending Market Size - By Type of Loan (Personal Loans, Business Loans, Real Estate Loans, Student Loans), By Funding Method (Direct Lending, Automated Investing), By End User (Business, Personal), By Business Model & Forecast, 2024 - 2032

LendingClub, Prosper Marketplace, Funding Circle, Zopa, RateSetter, Upstart, and SoFi (Social Finance), are some of the major peer to peer lending companies worldwide.

North America market held over 30% share in 2023, attributed to the presence of a robust legislative framework and an established financial infrastructure that facilitate the operations of P2P lending platforms in the region.

The market size of peer to peer lending reached USD 209.4 billion in 2023 and is set to witness over 25% CAGR from 2024 to 2032, owing to the increasing acceptance of Peer-to-Peer (P2P) lending by investors and borrowers worldwide.

Peer to peer lending industry from the business loans segment is expected to register 28% CAGR from 2024-2032, due to providing companies with an alternative to traditional banks for funding, frequently with quicker approval times and more flexible terms.