Market Share of Digital Lending Industry
The competitive landscape of the Digital Lending Market is fragmented owing to the presence of several solution providers, with none of them holding a majority share in the market. The market players, such as Funding Circle Limited, On Deck Capital Inc., Prosper Marketplace, Inc., LendInvest Limited, and Bizfi LLCare, are making several innovations to improve their offerings and gain maximum market traction. The emerging players in the market are strategically raising funds to provide innovative and technologically integrated solutions. The market players also view strategic collaborations as a lucrative path toward growth.
- In September 2023, cryptocurrency exchange company Coinbase Global announced its plan to launch a platform for digital asset lending, especially aimed at huge institutional stockholders. The company has reportedly raised around USD 57 million for its new-fangled crypto-lending platform.
Digital Lending Market Leaders
Funding Circle Limited (Funding Circle Holdings PLC)
On Deck Capital Inc.
Prosper Marketplace, Inc.
LendInvest Limited
Bizfi LLC
*Disclaimer: Major Players sorted in no particular order