Fellow Finance market share of Finnish peer-to-peer lending and crowdfunding markets increased by approximately 4,5 percentage points to total of 60,5% compared to the previous year. According to the
"Fellow Finance has increased its market share of the total market to over 60 percent in 2019 (56% in 2018). Our market share in loan-based crowdfunding for businesses was approximately 41% (32%) and in peer-to-peer lending for private individuals approximately 91% (88%). The growth of our market shares shows that our services are regarded highly competitive. The growth of the total market indicates that this form of financing is filling the funding gaps left by banks with an increasing frequency. We are grateful to our customers for our growth,"
"I am sure that now during these exceptional times the loan-based crowdfunding would support the government to speed up the distribution of vital funding for the businesses in need. I believe that our investor clients are ready to engage in financing businesses alongside with banks in response to the current surge in demand to ensure the continuity of Finnish businesses and jobs during and after the Corona virus. In the current situation, it would be important that
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¹Measured by the amount of financing facilitated. Source: Brismo Market Data (data accessed on 30 March 2020).
https://news.cision.com/fellow-finance-oyj/r/fellow-finance-market-share-continues-to-grow-and-exceeded-60--of-the-total-market-in-2019,c3073605
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