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Report
Africa Digital Lending Platform Market
Market Report I 2024-07-01 I 181 Pages I Data Bridge Market Research
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
1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 OVERVIEW OF AFRICA DIGITAL LENDING PLATFORM MARKET 21
1.4 LIMITATIONS 24
1.5 MARKETS COVERED 24
2 MARKET SEGMENTATION 26
2.1 MARKETS COVERED 26
2.2 GEOGRAPHICAL SCOPE 27
2.3 YEARS CONSIDERED FOR THE STUDY 27
2.4 CURRENCY AND PRICING 27
2.5 DBMR TRIPOD DATA VALIDATION MODEL 28
2.6 MULTIVARIATE MODELLING 31
2.7 COMPONENT TIMELINE CURVE 32
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 33
2.9 DBMR MARKET POSITION GRID 34
2.10 VENDOR SHARE ANALYSIS 35
2.11 SECONDARY SOURCES 36
2.12 ASSUMPTIONS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 43
4.1 PORTER'S ANALYSIS 44
4.2 REGULATORY STANDARDS 45
4.3 CASE STUDY 46
4.4 COMPANY COMPARITIVE ANALYSIS 49
4.5 VALUE CHAIN ANALYSIS 50
4.6 TECHNOLOGICAL TENDS 52
4.7 PRICING ANALYSIS 53
5 MARKET OVERVIEW 54
5.1 DRIVERS 56
5.1.1 INCREASING GROWTH IN DIGITALIZATION AND HIGH PENETRATION OF INTERNET SERVICES 56
5.1.2 INCREASE IN SMARTPHONES FOR FINANCIAL SERVICES 56
5.1.3 FASTER PAPERLESS APPLICATION PROCESSES AS COMPARED TO TRADITIONAL LENDING PROCESS 57
5.1.4 INTEGRATION OF LOAN FACILITIES WITHIN E-COMMERCE 58
5.2 RESTRAINT 59
5.2.1 HIGH NON-PERFORMING ASSETS 59
5.3 OPPORTUNITIES 60
5.3.1 TECHNOLOGICAL ADVANCEMENT IN FINANCIAL TECHNOLOGIES SUCH AS MACHINE LEARNING AND ARTIFICIAL INTELLIGENCE 60
5.3.2 GROWTH IN BIG DATA ANALYTICS 60
5.3.3 INCREASING LOAN REQUIREMENTS BY SMALL AND MEDIUM ENTERPRISES 61
5.4 CHALLENGES 62
5.4.1 INCREASING CONCERN FOR CYBER SECURITY 62
5.4.2 LACK OF DIGITAL LITERACY 62
5.4.3 LACK OF AWARENESS FOR DIGITAL LENDING 63
6 AFRICA DIGITAL LENDING PLATFORM MARKET, BY COMPONENT 64
6.1 OVERVIEW 65
6.2 SOLUTIONS 66
6.2.1 LOAN ORIGINATION SYSTEM (LOS) 67
6.2.2 LOAN MANAGEMENT SYSTEM 67
6.2.3 LOAN SERVICING 67
6.2.4 POINT OF SALE (POS) SYSTEMS 67
6.2.5 BUSINESS PROCESS MANAGEMENT 67
6.2.6 DECISION AUTOMATION 67
6.2.7 PORTFOLIO MANAGEMENT 67
6.2.8 KYC 67
6.2.9 RISK & COMPLIANCE MANAGEMENT SYSTEM 67
6.2.10 API GATEWAY 68
6.2.11 COLLECTION & RECOVERY SYSTEM 68
6.2.12 LENDING ANALYTICS 68
6.2.13 OTHERS 68
6.3 SERVICES 68
6.3.1 DESIGN & IMPLEMENTATION 68
6.3.2 SUPPORT & MAINTENANCE 69
6.3.3 TRAINING & EDUCATION 69
6.3.4 CONSULTING 69
6.3.5 RISK ASSESSMENT 69
7 AFRICA DIGITAL LENDING PLATFORM MARKET, BY DEPLOYMENT MODEL 70
7.1 OVERVIEW 71
7.2 ON PREMISES 72
7.3 CLOUD 72
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8 AFRICA DIGITAL LENDING PLATFORM MARKET, BY LOAN AMOUNT SIZE 73
8.1 OVERVIEW 74
8.2 LESS THAN USD 7,000 75
8.3 USD 7,001 TO USD 20,000 75
8.4 MORE THAN USD 20,001 75
9 AFRICA DIGITAL LENDING PLATFORM MARKET, BY SUBSCRIPTION TYPE 76
9.1 OVERVIEW 77
9.2 FREE 78
9.3 PAID 78
10 AFRICA DIGITAL LENDING PLATFORM MARKET, BY LOAN TYPE 79
10.1 OVERVIEW 80
10.2 AUTOMOTIVE LOAN 81
10.2.1 BY LOAN TYPE 81
10.2.1.1 AUTO LOAN 81
10.2.1.2 TWO WHEELER LOAN 81
10.3 SME FINANCE LOAN 82
10.4 PERSONAL LOAN 82
10.5 HOME LOAN 82
10.6 CONSUMER DURABLE 82
10.7 OTHERS 82
11 AFRICA DIGITAL LENDING PLATFORM MARKET, BY TYPE 83
11.1 OVERVIEW 84
11.2 BUSINESS 85
11.2.1 BY TYPE 85
11.2.1.1 SMALL & MEDIUM SIZE ENTERPRISE 85
11.2.1.2 LARGE ENTERPRISE 85
11.3 CONSUMER 85
12 AFRICA DIGITAL LENDING PLATFORM MARKET, BY VERTICAL 86
12.1 OVERVIEW 87
12.2 BANKING 88
12.2.1 BY COMPONENT 88
12.2.1.1 SOLUTIONS 88
12.2.1.2 SERVICES 88
12.3 FINANCIAL SERVICES 89
12.3.1 BY COMPONENT 89
12.3.1.1 SOLUTIONS 89
12.3.1.2 SERVICES 89
12.4 INSURANCE COMPANIES 90
12.4.1 BY COMPONENT 90
12.4.1.1 SOLUTIONS 90
12.4.1.2 SERVICES 90
12.5 P2P (PEER-TO-PEER) LENDERS 91
12.5.1 BY COMPONENT 91
12.5.1.1 SOLUTIONS 91
12.5.1.2 SERVICES 91
12.6 CREDIT UNIONS 92
12.6.1 BY COMPONENT 92
12.6.1.1 SOLUTIONS 92
12.6.1.2 SERVICES 92
12.7 SAVING AND LOAN ASSOCIATIONS 93
12.7.1 BY COMPONENT 93
12.7.1.1 SOLUTIONS 93
12.7.1.2 SERVICES 93
12.8 MORTGAGE 94
12.8.1 BY COMPONENT 94
12.8.1.1 SOLUTIONS 94
12.8.1.2 SERVICES 94
13 AFRICA DIGITAL LENDING PLATFORM MARKET, BY COUNTRY 95
13.1 AFRICA 95
13.1.1 SOUTH AFRICA 99
13.1.2 NIGERIA 104
13.1.3 KENYA 109
13.1.4 EGYPT 114
13.1.5 UGANDA 119
13.1.6 TANZANIA 124
13.1.7 ETHIOPIA 129
13.1.8 DEMOCRATIC REPUBLIC OF CONGO 134
13.1.9 SUDAN 139
13.1.10 REST OF AFRICA 144
14 AFRICA DIGITAL LENDING PLATFORM MARKET, COMPANY LANDSCAPE 145
14.1 COMPANY SHARE ANALYSIS: AFRICA 145
15 SWOT ANALYSIS 146
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16 COMPANY PROFILE 147
16.1 M-KOPA 147
16.1.1 COMPANY SNAPSHOT 147
16.1.2 SOLUTION PORTFOLIO 147
16.1.3 RECENT DEVELOPMENT 147
16.2 BRANCH INTERNATIONAL 148
16.2.1 COMPANY SNAPSHOT 148
16.2.2 SERVICE PORTFOLIO 148
16.2.3 RECENT DEVELOPMENTS 148
16.3 TALA 150
16.3.1 COMPANY SNAPSHOT 150
16.3.2 SERVICE PORTFOLIO 150
16.3.3 RECENT DEVELOPMENTS 150
16.4 PALMCREDIT 152
16.4.1 COMPANY SNAPSHOT 152
16.4.2 PRODUCT PORTFOLIO 152
16.4.3 RECENT DEVELOPMENT 152
16.5 RENMONEY MICROFINANCE BANK LIMITED 153
16.5.1 COMPANY SNAPSHOT 153
16.5.2 SOLUTION PORTFOLIO 153
16.5.3 RECENT DEVELOPMENT 153
16.6 JUMO 154
16.6.1 COMPANY SNAPSHOT 154
16.6.2 SOLUTION PORTFOLIO 154
16.6.3 RECENT DEVELOPMENT 154
16.7 AELLA 156
16.7.1 COMPANY SNAPSHOT 156
16.7.2 SOLUTION PORTFOLIO 156
16.7.3 RECENT DEVELOPMENTS 157
16.8 BACKBASE 158
16.8.1 COMPANY SNAPSHOT 158
16.8.2 SOLUTION PORTFOLIO 158
16.8.3 RECENT DEVELOPMENTS 159
16.9 CARBON 161
16.9.1 COMPANY SNAPSHOT 161
16.9.2 SOLUTION PORTFOLIO 161
16.9.3 RECENT DEVELOPMENTS 162
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16.10 FAIRMONEY 163
16.10.1 COMPANY SNAPSHOT 163
16.10.2 SOLUTION PORTFOLIO 163
16.10.3 RECENT DEVELOPMENTS 164
16.11 FAWRY BANKING AND PAYMENT TECHNOLOGY SERVICES. 165
16.11.1 COMPANY SNAPSHOT 165
16.11.2 REVENUE ANALYSIS 165
16.11.3 SOLUTION PORTFOLIO 166
16.11.4 RECENT DEVELOPMENT 166
16.12 FINT TECHNOLOGY AFRICA LTD 167
16.12.1 COMPANY SNAPSHOT 167
16.12.2 SOLUTION PORTFOLIO 167
16.12.3 RECENT DEVELOPMENT 168
16.13 IPESA 169
16.13.1 COMPANY SNAPSHOT 169
16.13.2 SOLUTION PORTFOLIO 169
16.13.3 RECENT DEVELOPMENTS 169
16.14 KASHWAY 170
16.14.1 COMPANY SNAPSHOT 170
16.14.2 SOLUTION PORTFOLIO 170
16.14.3 RECENT DEVELOPMENTS 170
16.15 LENDABLE 171
16.15.1 COMPANY SNAPSHOT 171
16.15.2 SOLUTION PORTFOLIO 171
16.15.3 RECENT DEVELOPMENT 172
16.16 OKASH 174
16.16.1 COMPANY SNAPSHOT 174
16.16.2 SOLUTION PORTFOLIO 174
16.16.3 RECENT DEVELOPMENT 174
16.17 OPAY DIGITAL SERVICES LIMITED 175
16.17.1 COMPANY SNAPSHOT 175
16.17.2 SERVICE PORTFOLIO 175
16.17.3 RECENT DEVELOPMENTS 175
16.18 PESAPRO LTD. 176
16.18.1 COMPANY SNAPSHOT 176
16.18.2 SOLUTION PORTFOLIO 176
16.18.3 RECENT DEVELOPMENTS 176
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16.19 XCREDITPLUS 177
16.19.1 COMPANY SNAPSHOT 177
16.19.2 SOLUTION PORTFOLIO 177
16.19.3 RECENT DEVELOPMENTS 177
17 QUESTIONNAIRE 178
18 RELATED REPORTS 181
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