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Catching up with Canada’s oldest alternative lender
Ryan is the editor of AltFi News and an expert in the alternative finance space. He has been featured in the Guardian, Equities.com, and is a regular guest on radio.
The recently published “Breaking New Ground: The Americas Alternative Finance Benchmarking Report” – spearheaded by the Cambridge Centre for Alternative Finance – explores a market which produced $36.49 billion in funding volume in 2015. Of that total, Canada generated $206.96 million, up 240% from the $60.81 million that was recorded in 2014. The Cambridge report focused solely on the exchange-based platforms, i.e. marketplace lenders and a range of crowdfunders. Despite the somewhat limited scope of this report, it’s clear that Canada’s alternative finance space – while growing – is at an earlier stage in its growth trajectory than its neighbour the US (which has produced c. 99% of the funding that has to date been delivered by alternative financiers in the Americas).