The Merchant Cash Advance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Merchant Cash Advance Global Market Report 2024, The merchant cash advance market size is expected to see strong growth in the next few years. It will grow to $24.14 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to e-commerce expansion, increased internet penetration, consumer spending trends, regulatory developments, and increasing awareness and acceptance. Major trends in the forecast period include digital payment adoption, technological innovations, advancements in data analytics, enhanced financial technology, customization, and personalization.
The rapid growth of small and medium enterprises is expected to propel the growth of the merchant cash advance market going forward. Small-size enterprises are companies with fewer than 50 employees, and medium-size enterprises are ones with fewer than 250 employees. The growth of SMEs is due to growth in cloud computing and e-commerce, along with globalization and enhanced internet accessibility, which enable them to operate more efficiently and expand their market reach globally, fostering rapid growth and enhancing competitiveness. Merchant cash advances are used by small businesses to quickly access capital for immediate operational needs, such as managing cash flow, funding expansion, and seizing opportunities. For instance, in November 2023, according to the U.S. Small Business Administration (SBA), a US-based federal agency, small businesses constituted 99.9% of all businesses in the United States, totaling 33.3 million as of 2023. Furthermore, from March 2021 to March 2022, 1.4 million new establishments were launched, resulting in a net increase of 447,519 businesses. Therefore, the rapid growth of small and medium enterprises will drive the growth of the merchant cash advance market.
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The merchant cash advance market covered in this report is segmented –
1) By Type: $5,000-250,000, $250,000-500,000, More than $500,000
2) By Repayment Method: MCA Split, Automated Clearing House (ACH), MCA Lockbox
3) By Application: Healthcare, Manufacturing, Retail And E-commerce, Travel And Hospitality, Energy And Utilities, Information Technology (IT) And Telecom, Other Applications
Major companies operating in the merchant cash advance market are streamlining the application and approval process with digital platforms, such as automated cash advance products, to reach a wider audience beyond their local markets, supporting national or even international expansion. An automated cash advance product provides instant access to funds based on future credit card sales or business revenue. For instance, in September 2021, iwoca Ltd, a UK-based online credit financing company, launched a new cash advance product through partnerships with Funding Xchange, a UK-based financial service platform, for SME online sellers in the UK. This product, powered by Open Banking, offers flexible loans of £1,000 to £50,000 ($1,083-$54,120) with revenue-based repayments. It’s tailored for businesses on platforms like eBay, allowing them to repay based on their earnings. This innovative approach addresses credit assessment challenges, providing critical finance access to support business recovery and growth post-crisis.
The merchant cash advance market report table of contents includes:
1. Executive Summary
2. Merchant Cash Advance Market Characteristics
3. Merchant Cash Advance Market Trends And Strategies
4. Merchant Cash Advance Market – Macro Economic Scenario
5. Global Merchant Cash Advance Market Size and Growth
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32. Global Merchant Cash Advance Market Competitive Benchmarking
33. Global Merchant Cash Advance Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Merchant Cash Advance Market
35. Merchant Cash Advance Market Future Outlook and Potential Analysis
36. Appendix
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