Martin Kovacs | SmartCompany
The Australian alternative finance (alt-fi) market grew by 53% in 2016, despite declines in equity crowdfunding activity in the face of regulatory uncertainty, according to a study released in September.
The study was undertaken by the Cambridge Centre for Alternative Finance, the Tsinghua University Graduate School, the Australian Centre for Financial Studies at Monash Business School and KPMG. It found that the Australian alt-fi market has grown 53% over the past 12 months.
According to the Cultivating Growth: The 2nd Asia Pacific Alternative Finance Industry Report, which surveyed 628 alt-fi companies, Australia overtook Japan in 2016 to become the second largest alt-fi market in the Asia Pacific, with a market volume of $US609.6 million ($780 million), up 53% on 2015.