The 2nd Annual Middle East & Africa Alternative Finance Industry Report

34 Pages Posted: 30 Jun 2020

See all articles by Tania Ziegler

Tania Ziegler

University of Cambridge - Cambridge Centre for Alternative Finance

Krishnamurthy Suresh

University of Cambridge, Judge Business School, Cambridge Centre for Alternative Finance, Students

Kieran Garvey

University of Cambridge - Cambridge Centre for Alternative Finance

Philip Rowan

University of Cambridge - Cambridge Centre for Alternative Finance

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge

Akachi Obijiaku

affiliation not provided to SSRN

Hao Rui

University of Cambridge - Cambridge Centre for Alternative Finance

fatimah alqahtani

affiliation not provided to SSRN

Date Written: June 7, 2020

Abstract

Now in its second year, this benchmarking report covers online alternative finance activity from the Middle East and African region in 2016. The total alternative finance market volume across the region grew by 48 per cent, accounting for $358.87 million. Africa alone accounted for $181.56m (51 per cent of this volume) having grown by 118 per cent against the previous year. The Middle East accounted for $177.3m, with volume driven by online alternative finance activity in Israel and the United Arab Emirates.

The new report covers data from platform activity in 52 countries in Africa and the Middle East, and includes survey data from over 77 alternative finance platforms reporting activity in the 2016 calendar year.

Keywords: Alternative Finance, FinTech, Africa, Middle East, P2P Lending, Crowdfunding

JEL Classification: G1, G15, G28, G38, O1, O3, O55

Suggested Citation

Ziegler, Tania and Suresh, Krishnamurthy and Garvey, Kieran and Rowan, Philip and Zhang, Bryan Zheng and Obijiaku, Akachi and Rui, Hao and alqahtani, fatimah, The 2nd Annual Middle East & Africa Alternative Finance Industry Report (June 7, 2020). Available at SSRN: https://ssrn.com/abstract=3621284 or http://dx.doi.org/10.2139/ssrn.3621284

Tania Ziegler (Contact Author)

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Krishnamurthy Suresh

University of Cambridge, Judge Business School, Cambridge Centre for Alternative Finance, Students

Cambridge
United States

Kieran Garvey

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Philip Rowan

University of Cambridge - Cambridge Centre for Alternative Finance

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom

HOME PAGE: http://www.jbs.cam.ac.uk/ccaf

Akachi Obijiaku

affiliation not provided to SSRN

Hao Rui

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Fatimah Alqahtani

affiliation not provided to SSRN

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