Alternative finance: 7,671 billion

The sale of online invoices 252 million, social lending at one billion
Alternative finance: 7,671 billion
19 July 10:33 2018 Print This Article

 

Between crowdfunding operations, private loans made online, credit transfer, the volume of online financial transactions that use different channels than traditional ones has grown exponentially. In 2016, the total amount reached € 7.671 billion. The United Kingdom generates 73% of European volumes. France follows that it generates volumes for 444 million euros, followed by Germany (322) and Holland (194). Italy in sixth place with 127 million. Among the sectors that drive more the alternative finance we find the social lending, or the loan provided by private individuals. In the consumer version – hence, private-to-private – social lending recorded a turnover of € 697 million. In the business category, however, we stopped at 350 million for a total volume of 1 billion and 47 million euros. In the third position there is the invoice trading (transfer of invoices) that collected 252 million euros.

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