Micro Lending Market Scope And Analysis

Micro Lending Market Report Scope

The "Micro Lending Market Analysis" was carried out based on service provider, end user, and geography. In terms of service providers, the market is segmented into banks and Micro Finance Institutes (MFIs). Based on end user, the market is segmented into Solo Entrepreneurs & Individuals, Micro, Small & Medium Enterprises. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. 

Micro Lending Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the micro lending market. A few recent key market developments are listed below:

• In January 2024, Biz2X LLC, a leading provider of financial technology solutions, announced the launch of a new partner portal to strengthen its collaboration with Owners Bank. Owners Bank, a division of Liberty Bank based in Middletown, Connecticut, specializes in offering tailored financial solutions to meet the unique needs of business owners. The partnership between Biz2X and Owners Bank was initially established in July, with the introduction of a lending platform to expedite lending decisions for both secured and unsecured loans. The newly launched partner portal aims to support Owners Bank's expansion plans and enhance its affiliate partner network's access to capital. By expanding their partnership, Biz2X and Owners Bank aims to provide easier access to capital for micro and small businesses, contributing to their growth and success in the market.

(Source: Biz2X LLC, Company Website)

• In November 2021, Fundbox, a leading fintech company specializing in providing loans and financial products to small businesses, announced that it had successfully raised US$ 100 million in a Series D funding round. This latest funding round values the company at US$ 1.1 billion, solidifying its position as a prominent player in the industry. The Series D funding round was led by the Healthcare of Ontario Pension Plan (HOOPP), with participation from existing investors such as Allianz X, Khosla Ventures, and The Private Shares Fund. New investors, including Arbor Waypoint Select Fund and a suite of BNY Mellon funds managed by Newton Investment Management North America, also joined the round.

(Source: Fundbox, Company Website)

Micro Lending Market Report Coverage & Deliverables

The market report "Micro Lending Market Size and Forecast (2021–2031)", provides a detailed analysis of the market covering below areas-

• Market size & forecast at global, regional, and country- level for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities.
• Key future trends.
• Detailed PEST & SWOT analysis
• Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
• Detailed company profiles.