Breaking New Ground: The Americas Alternative Finance Benchmarking Report, the first comprehensive study of the fast-evolving online alternative finance market in the Americas, finds the market is going through a state of consolidation and transformation, dealing with new challenges in an uncertain macroeconomic environment, embracing institutionalisation and reconsidering its P2P and crowdsourcing roots.
The Asia-Pacific alternative finance market grew 323% to $102.8bn in 2015, led by four-fold growth to more than $100bn in China, finds first regional benchmarking report conducted jointly by the Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School at Shenzhen and the University of Sydney Business School, in partnership with KPMG and with the support of ACCA and CME Group Foundation.
In 2015 the UK online alternative finance sector grew 84%, facilitating £3.2 billion in investments, loans and donations, according to a joint report published today by the Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School and UK innovation foundation Nesta, in partnership with KPMG and with the support of CME Group Foundation.
The Cambridge Centre for Alternative Finance is an international interdisciplinary academic research institute dedicated to the study of alternative finance, which includes financial channels and instruments that emerge outside of the traditional financial system (i.e. regulated banks and capital markets). Examples of alternative channels are online 'marketplaces' such as equity- and reward-based crowdfunding, peer-to-peer consumer/business lending, and third-party payment platforms. Alternative instruments include SME mini-bonds, private placements and other 'shadow banking' mechanisms, social impact bonds and community shares used by non-profit enterprises, and alternative currencies such as Bitcoin.