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KPMG NewsRoom: Australia’s alternative finance future goes from strength to strength

Australia saw $US610 million in Alt-Fi investment in 2016, a 53 percent increase on the year before, leapfrogging Japan to become the second most active centre for alternative finance in Asia-Pacific (behind China). Companies such as Society One, Prospa, Moula, Spotcap, Direct Money, Ratesetter, Equitise and VentureCrowdto name a few, are part of this wave of fintech disrupters contributing to growth in the sector. Cultivating Growth: The 2nd Asia Pacific Alternative Finance Industry Report is the most comprehensive study of the sector. The report has quantified Alt-Fi, highlighting how the overall composition of the sector varies country by country. For example, China and the United States skew towards marketplace and peer-to-peer lending while the United Kingdom sees business lending as the dominant categories by size.

Research was conducted by a 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 [newsroom.kpmg.com.au]