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4-Traders.com: KPMG-Australia Alt-Fi market jumps 53 percent over past 12 months

Australia’sUS$600 million Alt-Fi market including peer-to-peer lending and crowdfunding has grown 53 percent over the past 12 months, to be become the second largest market in Asia-Pacific, according to a comprehensive research of the Asia-Pacific online alternative finance market.

The study, titled ‘Cultivating Growth: The 2nd Asia Pacific Alternative Finance Industry Report’, surveyed 628 Alt-Fi companies. It was conducted by a research team from the Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School at Shenzhen and the Australian Centre for Financial Studies at Monash Business School, in collaboration with KPMG and with the support of the CME Group Foundation and HNA Capital.

Read the full article [4-traders.com]