Did you know the global secured lending market is projected to nearly triple, rising from $12.4 trillion in 2023 to an astounding $34.3 trillion by 2033?
That’s a 10.5% compound annual growth rate (CAGR), which is driven predominantly by the increase in technology adoption and demand for asset-backed financing.
Meanwhile, the private credit sector is surging too. In the US, private credit rocketed from a modest $46 billion in 2000 to nearly $1 trillion by 2023, a clear indication that businesses are turning to nimble, direct lending solutions.
In 2024, estimates suggest the private credit market reached around $1.5 trillion globally. By 2028, projections place it closer to $3 trillion, solidifying its status as a major financing channel.
So what’s the takeaway?
Whether you’re in equipment finance, asset-based lending, or broader secured credit, your customers are borrowing through faster, more flexible channels, and your technology needs to keep pace.
In this fast-moving, changing landscape, lenders who flourish are those who rely on proven secured finance technology, such as Solifi Open Finance Platform, which enables them to maximize:
Speed: As lending markets grow and evolve, the right technology enables lenders to roll out products swiftly to meet customer and market requirements.
Efficiency: IT maintenance is a thing of the past. With evergreen SaaS models, lenders can save on hardware, upgrades, and IT team bandwidth.
Flexibility: A proven solution like Solifi Open Finance Platform, with its API-first architecture and AI-powered capabilities, delivers quick integrations and smarter analytics.
Security and Scale: With the reassurance that AWS brings, a trusted solution like Solifi Open Finance provides reliability and security that scales to support business growth.
What’s next?
While the secured lending market continues to grow, confidence among lenders isn’t always skyrocketing. According to research by SFNet, the Q1 2025 Asset-Based Lending Confidence Index shows banks and non-banks both slipping to neutral territory—49.1 and 52.5 respectively—reflecting trade volatility and cautious outlooks.
The ability to mitigate risk becomes a must in this uncertain climate: relying on the right technology with robust support and real-time analytics becomes a must for those lenders who want to remain competitive.
With private credit unlocking new capital and borrowers demanding increased agility, lenders should identify proven technology which can enable them to offer smooth and seamless digital journey to their customers.
With Solifi Open Finance Platform, trusted by over 300 customers across the globe, lenders can futureproof their business by relying on the latest SaaS technology to enjoy flexibility, security, and scalability.
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