Credit granted through online platforms in Switzerland experienced a decline of 11% in 2023, amounting to CHF 18.6 billion, according to a study conducted by the Lucerne University of Applied Sciences and Arts and the Swiss Marketplace Lending Association.

This decrease is in stark contrast to the significant growth of 240% observed over the past five years. Online loans to large companies, SMEs, and public-sector entities accounted for approximately 70% of the total volume, totaling CHF 13.2 billion. However, this segment also saw a 7% decrease.

The online mortgage brokerage sector faced a notable decline of 19%, which can be attributed to changes in the interest rate environment and strategic shifts by various platforms. Some mortgage brokers have either exited the traditional retail market or made modifications to their business models in response to these challenges. Experts predict that the segment will experience stagnation or a slight decline in 2024, but maintain a positive long-term outlook.

The crowdlending market also experienced a decrease of 20%, influenced by the aftermath of the Covid-19 pandemic, economic uncertainties, and rising interest rates. Despite some isolated credit losses, investors in this segment have achieved an average return of 3% over the past eight years, accounting for losses and costs.