The 2nd Annual European Alternative Finance Industry report, which aims to track the growth and development of the pan-European crowdfunding and peer-to-peer lending markets in 2015. The study gathered data from 367 crowdfunding, peer-to-peer lending, and other online alternative finance intermediaries from across 32 countries in geographic Europe. The findings of the report shed light on the state of online alternative finance in Europe.
The survey was carried out by the Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School, with the support of 17 major European industry associations and research partners, in partnership with KPMG and supported by CME Group Foundation.
The study shows that crowdfunding, peer-to-peer lending and other activities, displaying growth of 92 percent last year, with the total value reaching about €5.4 billion. Without considering the United Kingdom, which is the largest market, the study concluded that the European online alternative finance industry grew from €594 million in 2014 to just over €1 billion in 2015, representing an effective growth rate of 72 percent.
The Alternative Finance Report also highlighted the following findings;
- France, Germany and the Netherlands are considered to be the top three countries for online
Read more ... source: TheBitcoinNews
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