Singapore Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2024 Update

Singapore Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2024 Update

According to PayNXT360, the alternative lending in the country is expected to grow by 24.7% on an annual basis to reach US$3,625.5 million in 2024.

Medium to long term growth story of alternative lending in Singapore remains strong. Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 16.9% during 2024-2028. The alternative lending market in the country will increase from US$2,907.9 million in 2023 to reach US$6,781.9 million by 2028.

Singapore's alternative lending sector is thriving, driven by technological advancements like AI and blockchain, which enhance credit solutions for SMEs and individuals. Innovations such as AI-driven investment platforms, new fintech lending products, and expanded peer-to-peer lending are shaping the landscape. Strategic partnerships, regulatory measures, and ongoing investments further support sector growth, while events like the Singapore FinTech Festival 2024 focus on sustainable and responsible finance.
Growth in the Alternative Lending Sector
Singapore's alternative lending sector has seen steady growth, with fintech companies and digital platforms providing credit to underserved segments like SMEs and individuals. In the coming months, the sector is expected to continue expanding as technological advancements, such as the adoption of AI and blockchain, drive innovation and efficiency in digital lending solutions, making them more attractive to borrowers and lenders.

Key Developments in the Alternative Lending Sector

Product Launches and Innovations

• Arta Finance Launches AI-Driven Investment Platform: Arta Finance, a digital family office, officially launched its platform in Singapore. The platform provides access to alternative investments such as private equity, venture capital, and real estate. It utilizes artificial intelligence to enhance investment decision-making and streamline access for both local and foreign investors.

• New Digital Lending Solutions from Fintech Startups: Various fintech startups have introduced new digital lending products designed for SMEs and individuals. These solutions leverage advanced technologies like AI and machine learning to improve credit assessment processes, enabling faster loan approvals and more personalized lending experiences.

• Expansion of Peer-to-Peer Lending Platforms: Several established peer-to-peer lending platforms have expanded their offerings, introducing new features that enhance user experience and increase funding options for borrowers. These platforms focus on providing quick access to credit for underserved segments, thereby promoting financial inclusion.

Strategic Partnerships

• DBS Bank has partnered with Chinese logistics companies Cainiao and JD Logistics to offer alternative trade lending solutions to SMEs in Singapore. The collaboration aims to provide flexible financing options to underserved businesses within the ecosystems of Cainiao and JD Logistics, using real-time trading data to assess creditworthiness.

• Grab Financial Group, the fintech arm of Grab, has launched an embedded finance platform for other organizations to integrate their own-branded digital financial services. It includes alternative lending products like BNPL services for diverse financing needs.

Mergers and Acquisitions

Lendlease Global Commercial REIT Acquisition: A notable acquisition in the broader financial sector includes Lendlease Global Commercial REIT's acquisition of a 10% interest in Parkway Parade Partnership. While not strictly within alternative lending, this transaction reflects the ongoing investment activity in Singapore's financial landscape. Such transactions can influence alternative lending firms by creating partnership opportunities or strategic investments.

Regulatory Changes

Singapore has implemented several key regulatory and government policies in the alternative lending sector, aimed at fostering innovation while ensuring consumer protection and financial stability.

• Monetary Authority of Singapore (MAS) Initiatives - The MAS adopts a technology-neutral regulatory approach, enforces licensing requirements for lending activities, and emphasizes compliance with anti-money laundering regulations for fintech firms.

• Singapore FinTech Festival 2024 - The Singapore FinTech Festival 2024 will focus on technology, innovation, and regulation in financial services, including artificial intelligence and quantum computing. MAS will host the event to facilitate dialogue between regulators and industry players to shape policies for sustainable finance and responsible innovation in alternative lending.

• Data Protection and Consumer Rights - In line with the increasing sophistication of fintech services, the Personal Data Protection Act (PDPA) remains a cornerstone of regulatory compliance. This regulation governs the collection and use of personal data by alternative lenders. It protects consumer rights, promoting trust in digital financial services.

This report provides a detailed data-centric analysis of the Alternative Lending industry, covering market opportunities and risks across a range of industry categories. With over 50 KPIs at the country level, this report provides a comprehensive understanding of Alternative Lending market dynamics, market size and forecast, and market share statistics.

It breaks down market opportunity by type of payment instrument, loan types, and consumer behavior. In addition, it provides a snapshot of marketing objective and industry spend dynamics in Singapore. KPIs in both value and share term help in getting in-depth understanding of end market dynamics.

PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

Scope

This report provides in-depth data-centric analysis of Alternative Lending industry in Singapore through 125 tables and 150 charts. Below is a summary of key market segments:

Singapore Economic Indicators
• Gross Domestic Product at Current Prices
• Population
• Unbanked Population
• Unemployment Rate
• Loan Default Rate

Singapore Alternative Lending Market Size and Forecast
• Transaction Value
• Average Transaction Value
• Transaction Volume

Singapore Alternative Lending Market Size and Forecast by End User
• End User - Business
• End User - Consumer

Singapore Alternative Lending Market Size and Forecast by Finance Models
• P2P Marketplace Consumer Lending
• P2P Marketplace Business Lending
• P2P Marketplace Property Lending
• Balance Sheet Consumer Lending
• Balance Sheet Business Lending
• Balance Sheet Property Lending
• Invoice Trading
• Debt Based Securities
• Equity Based Crowd Funding
• Real Estate Crowd funding

Singapore Alternative Lending Market Size and Forecast by Payment Instrument - Transaction Value, Volume and Average Value
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money

Singapore Alternative Lending Market Size and Forecast by Payment Instrument to Model
• Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money
• Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding
• Cash
• Cheques
• Credit Transfer
• Direct Debits
• Debit Card
• Credit Card
• E- Money

Singapore Alternative Lending Market Size and Forecast by Loan Types
• B2C Loans
• Personal Loan
• Payroll Advance
• Home Improvement
• Education/Student Loans
• Point of Sale
• Auto Loans
• Medical Loans
• B2B Loans
• Lines of Credit
• Merchant Cash Advance
• Invoice Factoring
• Revenue Financing

Singapore Alternative Lending Analysis by Consumer Attitude and Behaviour
• By Age
• By Income
• Gender

Reasons to buy

• Gain a thorough understanding of the Alternative Lending market dynamics: Market opportunities, significant trends, and forecasting (2019 – 2028) are listed. To stay ahead of the curve, comprehend market trends using important KPIs like Value and Share.

• Insights by Industry: Evaluate new opportunities across multiple industries, and obtain market dynamics by industry in order to swiftly catch up with the latest and upcoming developments in Alternative Lending markets.

• Market-specific strategies: With our unique blend of quantitative forecasting and cutting-edge insights, we can identify growth sectors that are focused on particular opportunities and analyse market-specific risks as well as significant trends in the Alternative Lending industry.

• Through industry intelligence, forward-looking research of Alternative Lending market spend, and key opportunities in Singapore, develop proactive and profitable company plans.