Last Updated: 16 Jun 2025
Source: Statifacts
The global peer to peer (P2P) lending market size accounted for USD 139.82 billion in 2024 and is predicted to touch around USD 1481.09 billion by 2034, growing at a CAGR of 26.61% from 2025 to 2034.
| Industry Worth | Details |
| Market Size in 2025 | USD 176.45 Billion |
| Market Size by 2034 | USD 1481.09 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 26.61% |
Peer-to-peer lending is a direct alternative to a bank loan with the difference that, instead of borrowing from a single source, companies can borrow directly from tens, sometimes hundreds of individuals who are ready to lend. Peer to peer lending sometimes called crowdlending and also abbreviated as P2P lending. The peer-to-peer lending market growth driven by global economic conditions, diversification of investment options, marketing and promotion by payment providers, and regulatory support.
| 2021, EUR Million | 2022, EUR Million | 2023, EUR Million | 2024, EUR Million | |
| (12-Month Change) | (12-Month Change) | (12-(12-Month Change)change) | (12-Month Change) | |
| Total | 376.9 (34%) | 230.4 (-39%) | 70.7 (-69%) | 23.8 (-66%) |
AI technologies like natural language processing, machine learning, and data analytics, have transforming the way of peer-to-peer lending platforms operate, making the lending process more secure, efficient, and accurate. AI based lending platforms leverage machine learning algorithms to streamline the lending process. AI based lending involves using data analytics to evaluate risk, creditworthiness, and other factors that determine the probability of a borrower defaulting on their loan. Generative AI can potentially support credit analysts to analyze customer credit scores and financial history to determine whether they are a good candidate for loan.
Kevin Chin, Head of Business Development & Partnerships at Avant, said, “This multi-year exclusive strategic partnership with MLS further expands upon Avant’s offering to its customers.” “The agreement designates Avant as the Official Credit Card Partner of Major League Soccer, the MLS All-Star Game, MLS Cup, and eMLS, and will result in the creation of the fan affinity credit card.”
Usama Ashraf, President and Chief Financial Officer of Prosper, said, “Since 2005, Prosper has helped more than 2 million Americans achieve their dreams with access to personal loans, credit cards, home equity lines of credit, and home equity loans. Our partnership with Fortress and Edge Focus furthers our ability to pursue our mission and vision.” “We are excited to work with such thoughtful and creative long-term partners.”
North America held a significant share of the peer-to-peer lending market in 2024. Worldwide economic conditions, diversification of investment options, marketing & promotion by payment providers, regulatory support, and increased investor acceptance driving the growth of the market in the North American region.
Asia Pacific is anticipated to grow at the fastest rate in the market during the forecast period. Higher return for investors, alternative financing needs, and technological advancements contributing to the growth of the peer-to-peer lending market in the Asia Pacific region.
About significant number of countries where it operates. It operates in the consumer finance sectors around the world.
It operates in United Kingdom. It operates in the financial services sectors, specifically in banking industry, around the world.
Published by Yogesh Kulkarni
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