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The Adviser: Australia now second-largest alternative finance market in APAC


According to KPMG’s latest work on the area, Cultivating Growth: The 2nd Asia-Pacific Alternative Finance Industry Report, Australia was the second-largest online alternative finance market in the region in 2016, behind China, contributing 30.42 per cent of the total market. The rise of fintechs, online lenders and peer-to-peer lenders in Australia has led to an increased uptake in small businesses seeking finance from these lenders.

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