Africa Digital Lending Platform Market
Africa digital lending platform market is expected to reach USD 1,792,362.06 thousand by 2031 from USD 459,465.75 thousand in 2023, growing with a substantial CAGR of 18.7% in the forecast period of 2024 to 2031.
Market Segmentation:
Africa Digital Lending Platform Market, By Component (Solutions and Services), Deployment Model (On Premises and Cloud), Loan Amount Size (Less than USD 7,000, USD 7,001 to USD 20,000, and More than USD 20,001), Subscription Type (Free and Paid), Loan Type (Automotive Loan, SME Finance Loan, Personal Loan, Home Loan, Consumer Durable, and Others), Type (Business and Consumer), Vertical (Banking, Financial Services, Insurance Companies, P2P (Peer-to-Peer) Lenders, Credit Unions, Saving and Loan Associations, and Mortgage) Country (South Africa, Nigeria, Kenya, Egypt, Uganda, Tanzania, Ethiopia, Democratic Republic of Congo, Sudan, and rest of Africa) - Industry Trends and Forecast To 2031
Overview of Africa Digital Lending Platform Market Dynamics:
Driver
• Increasing growth in digitalization and high penetration of internet services
Restrain
• High non-performing assets
Opportunity
• Increasing in loan requirements by small and medium enterprises
Market Players
Some of the major players operating in the Africa digital lending platform market are:
• M-KOPA
• Branch International
• Tala
• Palmcredit
• Renmoney Microfinance Bank Limited
• Microfinance Bank Limited
• JUMO
• Pesapro Ltd.
• Lendable
• Backbase
• FINT Technology Africa Ltd.
• Carbon
• OPay Digital Services Limited.
• FairMoney
• Fawry Banking and Payment Technology Services.
• Banking and Payment Technology Services.
• iPesa
• XCreditplus
• Okash
• Aella
• Kashway
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