ALTERNATIVE FINANCE MARKET DATA --GLOBAL BENCHMARKING
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1 Cambridge Centre for Alternative Finance ALTERNATIVE FINANCE MARKET DATA --GLOBAL BENCHMARKING RUI HAO (PHD, CQF) RESEARCH ASSOCIATE & DATA SCIENTIST CAMBRIDGE CENTER FOR ALTERNATIVE FINANCE 20 MARCH 2018
2 OUTLINE I. CCAF Introduction II. Global Alternative Finance Data Overview Currency: US Dollars III.European Alternative Finance Benchmarking Data Currency: Euro 2
3 I. CCAF INTRODUCTION 3
4 CCAF RESEARCH STREAMS 1. Alternative Finance Channels & Instruments (e.g. Fintech Models, Benchmarking Report) 2. Alternative Credit and Investment Analytics (e.g.funder & Fundraiser Studies, FCA, SME Credit with Experian, World Largest Fintech Data Repository) 3. Alternative Payments & Distributed Ledger Technologies (e.g.cryptocurrency & Blockchain) 4. Alternative Finance Regulations and Policy (e.g.regulator Survey, RegSimple) 4
5 CAMBRIDGE CENTRE FOR ALTERNATIVE FINANCE (CCAF) RESEARCH HIGHLIGHTS 17 Industry Reports to Date and Academic Papers & Chapters FinTech Platforms Surveyed in 2016 Covering All Global Regions and More than 150 Countries 100+ Industry and FinTech Ecosystem Partners 20+ Academic Research Partners Over 10bn Worth of Granular-Level Transactional Data Collected 30 Million Micro-Transactions in the Dataset between Lenders/Investors/Backers and Borrowers/Fundraisers/ 200+ Mainstream Press Citations to Date 100+ Policy and Regulatory Citations to Date Commissioned Programs (WB, IDB, FCA, FSD Africa, BBVA, Omidyar Network, etc.) Global Internships (Winter, Spring, Summer) 5
6 FUNDERS 6
7 II. OVERVIEW OF GLOBAL ALTERNATIVE FINANCE (Currency: US Dollars) 7
8 Mil milhões ALTERNATIVE FINANCE MARKET DATA ,00 300,00% 300,00 256% 290,61 250,00% 233% 250,00 200,00% 200,00 150,00% 150,00 132,59 119% 100,00% 100,00 50,00 39,79 50,00% - 11, ,00% Total Volume Percentage of Change 8
9 Mil milhões ALTERNATIVE FINANCE MARKET TOTAL VOLUME BY REGIONS ,00 80,00% 250,00 243,82 71% 73% 70,00% 200,00 57% 49% 60,00% 50,00% 150,00 38% 40,00% 100,00 26% 92,91 30,00% 20,00% 50,00-35,44 9,37 6,75 1,99 1,14 2,23 1,10 4,91 0,37 0,26 Americas Asia-Pacific China Europe Middle East Africa UK Total_Volume($) Business_Finance Business_Fin_Percent 10,00% 0,00% 9
10 ALTERNATIVE FINANCE TOP 20 COUNTRIES 2016 Top 3 Total Volume: China (83.93%) USA (11.92%) UK (2.32%) Top 3 Business Finance: China (84.74%) USA (8.04%) UK (4.48%) 10
11 DEFINATION OF TYPICAL MODELS Alternative Finance Model Definition Peer-to-Peer Consumer Lending Individuals or institutional funders provide a loan to a consumer borrower Peer-to-Peer Business Lending Equity-based Crowdfunding Reward-based Crowdfunding Invoice Trading Real Estate Crowdfunding Donation-based Crowdfunding Debt-based Securities Mini-Bonds Balance Sheet Business Lending Profit Sharing Crowdfunding Individuals or institutional funders provide a loan to a business borrower Individuals or institutional funders purchase equity issued by a company Backers provide finance to individuals, projects or companies in exchange for non-monetary rewards or products Individuals or institutional funders purchase invoices or receivable notes from a business at a discount Individuals or institutional funders provide equity or subordinated-debt financing for real estate Donors provide funding to individuals, projects or companies without expectations of monetary or material return Individuals or institutional funders purchase debt-based securities, typically a bond or debenture at a fixed interest rate Individuals or institutions purchase securities from companies in the form of an unsecured retail bonds The platform entity provides a loan directly to a business borrower Individuals or institutions purchase securities from a company, such as shares or bonds, and share in the profits or royalties of the business 11
12 Mil milhões P2P, BS,CROWDFUNDING & OTHER MODELS ,00 231,82 200,00 150,00 100,00 Sum of sum_total_volume Sum of sum_total_busifin_volume 67,72 50,00 47,73 34,54-6,95 3,42 4,11 4, Balance Sheet Crowdfunding Other Models P2P 12
13 Mil milhões LOAN PURPOSES (P2P+BS) TOTAL VOLUME ,00 160,00 60% 160,17 140,00 120,00 100,00 36% 96,43 80,00 60,00 40,00 20,00 4% 10, Business Lending Consumer Lending Property Lending 13
14 Milhões Milhões OTHER INFORMATION (FUNDERAISER, FUNDER, AVERAGE DEAL SIZE) BY REGIONS ,00 350,00 300,00 250,00 200,00 150,00 100,00 50,00-350,09 98,79 82,51 26,31 26,97 6,81 1,51 1,12 3,97 0,03 0,64 3,16 Americas Asia-Pacific China Europe Middle East Africa UK No. of Fundraisers No. of Funders 0,90 0,80 0,70 0,60 0,50 0,40 0,30 0,20 0,10 - Property 0,81 Average Deal Size Property Business Professions Music & Arts 0,15 0,13 0,11 Americas Asia-Pacific China Europe Middle East Africa UK 0,59 14
15 Milhões SOME FIGURES FOR PORTUGAL ,00 5,00 4,00 3,00 2,00 1,00-216% 4,80 3,81 133% 142% 146% 1,95 1,09 0,62 0,11-0, Total Volume Business Finance Percentage of Change in Total Volume 250,00% 200,00% 150,00% 100,00% 50,00% 0,00% Avg_deal_size Total Volume Global Ranking Volume per Capita (Rank) Business Finance Global Ranking P2PB largest volume (Rank) / (45/144) 44/144 3,582, (33/46) Reward CF--most popular (Rank) 1,155, (36/140) Donation CF (Rank) 62, (35/54) 15
16 III. EUROPEAN ALTERNATIVE FINANCE BENCHMARKING DATA 2016 (Currency: Euro) 16
17
18 Introduction: 20+ Research Partners Analysis from 267 EU Platforms & 77 UK Platforms Analysis from 46 Countries + UK: Germany, France, Spain, Italy, Netherlands, Austria, Norway, Czech Republic, Finland, Switzerland, Denmark, Sweden, Estonia, Lithuania, Poland, Belgium, Portugal, Latvia Slovakia, Romania, Greece, Slovenia, Bulgaria, Romania, Ukraine, Russia, Hungary, Ireland, Iceland, Monaco, Malta, Belarus, Croatia, Kosovo, Malta, Monaco, Turkey, Georgia, Cyprus, Albania, Andorra, Bosnia & Herzegovina, Macedonia, Montenegro
19 The Size & Growth of Alternative Finance in Europe Total Volume (Excluding UK) Total Volume (Including UK)
20 Total Volume by European Country Slovenia: 4.7m Portugal: 4.4m Portugal Europe Rank (2016): 23/47
21 Total Alternative Finance Volume per Capita by Country Portugal Europe Rank (2016): 24/47
22 Total Alternative Finance Volume per Capita vs GDP per Capita More P2P More non-investment (e.g. Reward CF, Donation CF)
23 The Diversity of Models 2016 Taxonomy Alternative Finance Model Europe 2016 Market Share within Europe P2P Consumer Lending m 34% Portugal 2016 Market Share within Portugal P2P Business Lending m 17% % Invoice Trading m 12% Equity-based Crowdfunding m 11% Reward-based Crowdfunding m 9% 0.241m 24.1% Real Estate Crowdfunding m 5% P2P Property Lending 95.15m 5% Balance Sheet Business Lending 59.13m 3% Donation-based Crowdfunding 32.40m 2% 0.013m 1.3% Debt-based Securities 22.85m 1% Balance Sheet Consumer Lending 16.74m 1% MiniBond 10.16m.5% Profit Sharing Crowdfunding 8.36m.41% Balance Sheet Property Lending 1.00m.05%
24 Top Funded Industries Model P2PB Rewardbased CF Portugal NA 1. Food & Drink, 2. Arts & Music & Design, 3. Film & Entertainment Donationbased CF Charity
25 Markets Dynamics by Models--Qualification Rate & Successful Funding Rate Model P2PB Rewardbased CF Portugal (SFR/OR) NA 45% / 35% Donationbased CF 55% / 55% 25
26 Market Dynamics by Models--Repeated Funding Rate Model P2PB Rewardbased CF Portugal NA 2.5% Donationbased CF 25% 26
27 Market Dynamics by Models Female Fundraisers & Funders Model Portugal (Fundraisers/ Funders) P2PB NA/ 9% Rewardbased CF Donation -based CF NA NA 27
28 Developments & Innovations Cross Border Inflow & Outflow by Proportion of Model Volume Model Portugal (Inflow/ Outflow) P2PB Rewardbased CF Donation -based CF 0 / NA 15% / 2.5% NA / 7.5% 28
29 Developments & Innovations Platforms Internationalisation Strategy by Model Model Portugal P2PB Rewardbased CF Donation -based CF NA No International Expansion Strategy No International Expansion Strategy 29
30 Risk Model Portugal P2PB Rewardbased CF Donation -based CF NA Fraud: High Risk Cyber attach: Medium All others: Low to very Low Risk All very low risk 30
31 Perception towards Existing National Regulation Model Portugal P2PB Rewardbased CF Donation -based CF NA Adequate and appropriate for my platform activities. Adequate and appropriate for my platform activities. 31
32
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