What is alternative finance?
Alternative finance providers act as intermediaries between borrowers and lenders, and are complementary to traditional High Street banks. GLI Finance’s alternative finance platforms are non-bank lenders; covering peer to peer, marketplace, and balance sheet lenders.
Why does it matter?
Around the world, Small & Medium Enterprises (SMEs) struggle to get access to finance. Traditional banks have retrenched from lending to SMEs, and alternative finance providers have entered the market and are delivering the finance that SMEs need.
The sector is growing
The alternative finance sector has grown rapidly to date, and is continuing to scale – as evidenced by the performance of GLI Finance’s own portfolio. In May 2015, Morgan Stanley estimated that the industry would grow to between $150bn and $490bn globally, by 2020.