{"id":977,"date":"2021-07-05T09:56:32","date_gmt":"2021-07-05T06:56:32","guid":{"rendered":"https:\/\/swaper.com\/blog\/?p=977"},"modified":"2022-03-15T10:22:29","modified_gmt":"2022-03-15T08:22:29","slug":"alternative-lending","status":"publish","type":"post","link":"https:\/\/swaper.com\/blog\/en\/alternative-lending\/","title":{"rendered":"The Rise of Alternative Lending (And How to Capitalize On This New Movement)"},"content":{"rendered":"<p>10 years ago, you might not have heard much about <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-lending\/\">P2P lending<\/a>.<\/p>\n<p>As an investment, <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-loans\/\">P2P loans<\/a> were considered <em>very<\/em> niche.<\/p>\n<p>But a lot has happened in the last decade and P2P lending is now a part of many people\u2019s <a href=\"https:\/\/swaper.com\/blog\/en\/diversify-investments\/\">investment portfolios<\/a>.<\/p>\n<p>So, what changed \u2013 why has <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-investing-statistics\/\">P2P lending grown in popularity<\/a>?<\/p>\n<p>What\u2019s caused this sudden growth in alternative lending?<\/p>\n<p>Here, we\u2019ll be looking into the history of <a href=\"https:\/\/swaper.com\/en\/p2p-investing\">P2P investing<\/a> as an asset class as well as what the future looks like.<\/p>\n<h2>How P2P lending began<\/h2>\n<p>The first ever <a href=\"https:\/\/swaper.com\/blog\/en\/choose-p2p-platform\/\">P2P platform<\/a> was established in 2005 by <a href=\"https:\/\/www.zopa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zopa<\/a> in the UK.<\/p>\n<p>(P2P lending was actually a common activity long before that: there are records of communities and networks lending money to each other through credit cooperatives in France and Germany, dating back to the 18th century).<\/p>\n<p>The modern-day principles of P2P lending haven\u2019t changed much since then.<\/p>\n<p>Today, it is <strong>powered by technology<\/strong> and therefore a lot more secure and easier to access.<\/p>\n<p>P2P lending remained a niche asset class until the 2008 financial crisis. Before then, banks had a monopoly on lending and anything banking, or finance related. But when the financial crisis happened, trust in financial institutions fell and banks\u2019 risk appetite fell drastically.<\/p>\n<p>As a consequence of the financial crisis, several things started happening at once:<\/p>\n<ul>\n<li>SMEs started struggling to get a loan with the banks<\/li>\n<li>Investors began looking away from banking products and towards alternative lending solutions for more stable returns<\/li>\n<li>More alternative lenders came onto the market such as <a href=\"https:\/\/www.ratesetter.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ratesetter<\/a> and <a href=\"https:\/\/www.bondora.com\/en\" target=\"_blank\" rel=\"noopener noreferrer\">Bondora<\/a><\/li>\n<\/ul>\n<p>Thanks to the rise of fintech and technology, P2P platforms were a lot more nimble than banks, and are therefore <a href=\"https:\/\/swaper.com\/blog\/en\/peer-to-peer-lending-risk\/\">able to take on more risk<\/a>. P2P platforms were able to assess the creditworthiness of a borrower in minutes and offer loans in less than 24 hours.<\/p>\n<p>Suddenly, lending didn\u2019t <strong>have<\/strong> to involve the banks.<\/p>\n<h2>Where we are now<\/h2>\n<p>In 2019, the P2P lending market was valued at \u20ac60 billion, and it\u2019s projected to reach <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-investing-statistics\/\">\u20ac500 billion in 2027<\/a>.<\/p>\n<p>Although the first P2P lenders were mostly based in the UK and the US, we\u2019re seeing a steady growth of lenders in Europe, especially in the Baltics and Nordics where <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-regulations\/\">regulations are more friendly to P2P lenders<\/a>.<\/p>\n<p>The industry is growing steadily every year, with Europe actually growing at a faster rate than the UK. From 2018 to 2019, <a href=\"https:\/\/www.altfi.com\/research\/alternative-lending-state-of-the-market-report-2020\" target=\"_blank\" rel=\"noopener noreferrer\">European originators increased by 80%, from \u20ac3.6 billion to \u20ac6.6 billion<\/a>. The UK P2P market only increased by 10.7% and in 2019 was valued at \u20ac6.26 billion.<\/p>\n<p>Although P2P lending is popular in the developed world, it\u2019s becoming increasingly popular in the developing world as well. This doesn\u2019t come as a surprise since many businesses and individuals are underbanked and unbanked in the developing world, and P2P lending offers a way to get micro loans without requiring a bank.<\/p>\n<p>Currently, most of the P2P lending market is for companies, with business P2P lending standing at <a href=\"https:\/\/www.finextra.com\/blogposting\/18485\/p2p-lending-market-outlook-2020\" target=\"_blank\" rel=\"noopener noreferrer\">70% of the total P2P lending industry.<\/a><\/p>\n<p>Nowadays, P2P lending is no longer a niche asset class and is considered a must-have in investors\u2019 portfolio.<\/p>\n<p>The high returns, <a href=\"https:\/\/swaper.com\/blog\/en\/passive-income\/\">steady monthly income<\/a> and low volatility make it an attractive option for investors who are looking to diversify their investments and get returns that are higher than savings accounts <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-lending-v-stock-market-investing\/\">or even the stock market<\/a>.<\/p>\n<p>As the P2P lending sector grows, it\u2019s likely to become an even more important part of the ideal investors portfolio.<\/p>\n<h2>The future of the P2P investing industry<\/h2>\n<p>The P2P lending industry has been on quite a journey, and the success of the business model means it has quickly spread across continents and countries.<\/p>\n<p>The <a href=\"https:\/\/swaper.com\/blog\/en\/why-invest-during-pandemic\/\">Coronavirus pandemic<\/a> served as a good test of the industry.<\/p>\n<p>At the time, the question on everyone\u2019s lips was: \u201cCould it survive a market crash?\u201d.<\/p>\n<p>The answer is: yes.<\/p>\n<p>In fact, the recent recession only bolstered the P2P lending industry, as banks have had to tighten their lending criteria even further forcing businesses and consumers to look at alternative lending.<\/p>\n<p>According to an <a href=\"https:\/\/www.altfi.com\/research\/alternative-lending-state-of-the-market-report-2020\" target=\"_blank\" rel=\"noopener noreferrer\">Altfi survey<\/a>, <strong>73% European alternative lenders<\/strong> continued hiring throughout the pandemic and small businesses and consumers are still using alternative lenders to access finance.<\/p>\n<p>The other good news is regulation.<\/p>\n<p>Countries are putting together regulations that help make the P2P industry safer, while still allowing people access to loans. The UK has set up an investment vehicle called the \u201c<a href=\"https:\/\/www.money.co.uk\/savings-accounts\/what-is-an-innovative-finance-isa.htm\" target=\"_blank\" rel=\"noopener noreferrer\">IFISA<\/a>\u201d, specifically for alternative lending, and all UK based P2P platforms must be regulated by the <a href=\"https:\/\/www.fca.org.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">FCA<\/a>. This is a good thing, as it helps promote and legitimise the industry.<\/p>\n<p>On the investment side, interest rates on savings accounts are at 0.01%, or even negative \u2014 and it seems this won\u2019t be changing any time soon. Investors are looking elsewhere to grow their wealth, and are met by <a href=\"https:\/\/swaper.com\/blog\/en\/p2p-lending-vs-crypto-currency\/\">cryptocurrencies<\/a>, the stock market and now P2P lending.<\/p>\n<p>There is still a lot of work to be done: <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:52011DC0870\" target=\"_blank\" rel=\"noopener noreferrer\">raising funding<\/a> is still a key obstacle to growth for SMEs, and banking restrictions are only getting tighter. The way we manage our money is changing, with digital payments and the \u201csharing economy\u201d becoming the norm. All this points to the P2P lending industry fulfilling its 2027 prediction valuation \u2014 and possibly even more.<\/p>\n<h2><strong>Conclusion<\/strong><\/h2>\n<p>We believe alternative lending and P2P lending is the future of accessible finance.<\/p>\n<p>As technology lowers cost and increases reach, finance becomes more accessible and therefore helps people set up businesses, buy houses and therefore grow the economy.<\/p>\n<p>As a P2P lending investor, you\u2019re essentially taking part in one of the largest movements of democratisation of finance.<\/p>\n<p><a href=\"https:\/\/swaper.com\/en\/sign-up\"><strong>Are you ready to join it?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>10 years ago, you might not have heard much about P2P lending. As an investment, P2P loans were considered very niche. But a lot has happened in the last decade and P2P lending is now a part of many people\u2019s investment portfolios. So, what changed \u2013 why has P2P lending grown in popularity? What\u2019s caused [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":981,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","ngg_post_thumbnail":0,"footnotes":""},"categories":[38],"tags":[],"class_list":["post-977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-p2p-lending"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alternative Lending: How to Capitalize On This New Movement<\/title>\n<meta name=\"description\" content=\"Why has alternative lending grown in popularity? What\u2019s caused this sudden growth? 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