Subjects: SBS, MRR
Online Financing Platform For SMBs Market is to grow by USD 14.34 billion from 2023 to 2028, the market is fragmented due to the presence of prominent companies like American Express Co., Biz2Credit Inc. and Enova International Inc., and many more - Technavio
NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The online financing platform for SMBs market is estimated to grow by USD 14.34 billion from 2023 to 2028, growing at a CAGR of 16.64%. The online financing platform for smbs market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer online financing platforms for SMBs market are American Express Co., Biz2Credit Inc., Enova International Inc., Fidelity National Information Services Inc., Finastra, Fintech OS Srl, Funding Circle Holdings plc, Kaleidofin, LendingClub Corp., Lendingkart Finance Ltd., Niyogin Fintech Ltd., Novac Technology Solutions, Numerated Growth Technologies Inc., Prosper Funding LLC, RupeeCircle, SoFi Technologies Inc., Sopra Steria Group SA, Stripe Inc., UAB HES Europe, and Versara Lending LLC. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying
Company Offering:
- American Express Co. - The company offers online financing platforms for SMBs such as Kabbage Checking and Kabbage Funding.
- Biz2Credit Inc. - The company offers online financing platforms for SMBs such as Biz2X Enterprise, Biz2X Pro, and Biz2X AI.
- Enova International Inc. - The company offers an online financing platform for SMBs through its subsidiary On Deck Capital to access financing online.
- For details on companies and their offerings ? Buy the report!
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa.
- North America is estimated to contribute 41% to the growth of the global market during the forecast period. Growing awareness about the need for more inclusive funding systems, particularly in favor of people who may not have access to traditional channels, has resulted in increased demand for online financial services across the region.
Download a sample report to get more insights on the market share of various regions and the contribution of the segments.
- Impactful driver- Borrowers with faster credit access
- Key Trend - Rise in growth of SMBs
- Major Challenges - Privacy and security concerns
Market Segmentation
- By Application, the market is classified into equity financing and debt financing. The equity financing segment is estimated to witness significant growth during the forecast period. In exchange for capital, equity financing is an ownership and marketing interest in a company. Finding investors who are prepared to purchase a business is the biggest barrier to securing equity financing. The share of equity financing that a borrower takes must share management control with the investor appeal of the business.
Technavio Research experts have provided more insights on the market share of segments - View a Sample Report
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The Decentralized Finance (DeFi) Market size is estimated to grow at a CAGR of 40.32% between 2022 and 2027 and the size of the market is forecast to increase by USD 99,652 million.
Online Financing Platform For SMBs Market Scope | |
Report Coverage | Details |
Historic period | 2018-2022 |
Growth momentum & CAGR | Accelerate at a CAGR of 16.64% |
YoY growth 2022-2023 (%) | 15.95 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Key countries | US, China, Japan, UK, and France |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact US:
Technavio Research
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Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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