Norwegian Market Statistics

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Norwegian Crowdfunding Association 2021

Norwegian Market Status Report 2021 - Highlights

  • Total 2021 volumes reach close to NOK 2 billion, representing 113% growth from total volumes in 2020 (NOK 930 million).

  • 1.P2P Business and Property Lending continues to dominate the market in Q4. Separate treatment of these models is not always clear cut. Jointly, their Q4 2021 volume of NOK 292.6 m, represents 71% growth from the NOK 171.2 m level reported for Q4 in 2020. Up 3.7% from volumes in Q3 2021 (NOK 282.1 m).

  • Equity crowdfunding maintains long-term growth. Q4 2021 volumes of NOK 236 m represent the highest on record,  growing 163% up from Q4 2020 volumes (NOK 89.7 m). Up 32% from volumes of Q3 2021 (NOK 178.4 m).

  • 4.Donation crowdfunding recouping ground after recent declines. While Q4 still represent a decline from peak results in Q4 2020, the segment is recouping lost grounds in Q4 2021 and changes momentum towards growth again. Q4 2021 volumes of NOK 78.1 m represent -31% decline from Q4 2020 volumes (NOK 113.7 m) but shows an increase of 110% from Q3 2021 volumes (NOK 37.1 m).

  • 4.Reward crowdfunding recovery renewed after a setback in Q3. Q4 2021 volumes of NOK 5.9 m represent a decline of -45% from peak volumes in Q4 2020 (NOK 10.8 m). However, Q4 volumes represent a growth of 11% from Q3 2021 volumes (NOK 5.3 m).

  • 4.P2P Consumer Lending rebalancing towards renewed growth. Q4 2021 volumes of NOK 11 m represent growth of 2235% from Q4 2020 volumes (NOK 0.47 m). Up 53% from Q 3 2021 (NOK 7.2 m).

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Norwegian Crowdfunding Association 2020

Norwegian Market Status Report 2020 - Highlights

  • Total volumes of 2020 stand at NOK 892 m, representing a growth of 102% from total 2019 volumes.

  • P2P Business and Property Lending dominate the market. Jointly they account for 49.5% of the total market volumes in 2020. Separate treatment of these models is not always clear cut. Jointly, their 2020 volume of NOK 441 m, represents 71% growth from the NOK 257 m level reported in 2019. However, all growth is associated with P2P Property Lending growing 133% from its 2019 volumes. P2P Business Lending remains stable with a slight decline of 0.5% from 2019 volumes.

  • Equity crowdfunding is the fastest growing model. It accounts for 19.5% of 2020 market volumes, reaching NOK 173.5 m in 2020 while growing 197% from its 2019 volumes (NOK 58 m).

  • Strong growth in non-investment models. Jointly accounting for 30% of market volumes. Donation dominates while accounting for 27% of national annual volumes, reaching NOK 241 m in 2020 up 142% from 2019 volumes of NOK 99.6 m. Reward crowdfunding accounts for 3% of market volumes, reach NOK 26 m in 2020, and growing 153% from 2019 volumes.

  • P2P Consumer Lending declining in 2020. Accounting for 1% of market volumes, while falling 45% from 2019 volumes. This can be explained by a combination of tightening regulation, exclusion from new EU investment crowdfunding regulations, and relative ease of access to consumer loans through other channels in Norway.

Free download available HERE

Shneor, R. (2021). Crowdfunding in Norway: Status Report 2020 Q1-Q4. Oslo: Norwegian Crowdfunding Association. Available at: https://www.crowdfunding-research.org/norwegian-market-statistics

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Norwegian Crowdfunding Association 2020

Norwegian Market Status Report 2019 - Highlights

  • Total volume for 2019 stands at NOK 442 Million, representing 72% growth from 2018. The sum is distributed as follows: 31.2%P2P Property Lending, 27% P2P Business Lending, 22.5% in Donations, 13.2% Equity, 3.6% in P2P Consumer Lending, and in 2.4% Reward.

  • P2P Property Lending emerging as largest category of Norwegian crowdfunding, reaching a volume of NOK 138 million in 2019. This growth is partial correction from previous reporting including it under P2P Business Lending, but most growth associated with ‘real’ growth.

  • P2P Business lending maintains a strong position as 2nd largest category, reaching volume of NOK 119.6 million in 2019, growing 67% since 2018.

  • Equity crowdfunding exhibited modest growth of 5% , standing at a volume of NOK 58.3 million NOK in 2019.

  • Reward crowdfunding continues decline while donations continue growth. Reward crowdfunding volumes dramatically fall 65% between 2018 and 2019. In parallel, donation crowdfunding grows 59.3% from 2018 to 2019, and represents the 3rd largest model with volumes of NOK 99.6 Million in 2019.

  • Q4 of 2019 was the best recorded in Norwegian crowdfunding history with NOK 151.1 million raised.

Free download available HERE

Shneor, R. (2020). Crowdfunding in Norway: Status Report 2019 Q1-Q4. Oslo: Norwegian Crowdfunding Association. Available at: https://www.crowdfunding-research.org/norwegian-market-statistics

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Norwegian Crowdfunding Association 2019

Norwegian Market Status Report 2018 - Highlights

  • Total volume of 2018 stand at NOK 205.2 Million, representing 118% growth from total volumes of 2017. 32% P2P Business Lending (including property lending), 30% of which Donations, 27% Equity, 8% Reward and 2% in P2P Consumer Lending.

  • P2P Business lending becomes largest category of Norwegian crowdfunding for first time, reaching an annual volume of NOK 66 million in 2018, while representing 32% of total 2018 volumes.

  • Dramatic growth in equity crowdfunding continues and standing at a volume of NOK 55,5 million NOK, growing 305% from 2017 to 2018.

  • Reward crowdfunding on decline while donations continue growth in 2018. Reward crowdfunding volumes fall 26% since 2017, and 58% since 2016. In parallel, donation crowdfunding maintain growth momentum growing 48% since 2017 and a staggering 2528% since 2016. Donation is the second largest category of Norwegian crowdfunding equal to NOK 62 millions in 2018.

  • Q4 of 2018 has been the best recorded in Norwegian crowdfunding history with NOK 85 million raised or 41% of total annual volumes. Growth in this quarter was recorded in all crowdfunding models. In particular between Q3 and Q4 Donation crowdfunding grew 116% , and P2P Business lending grew 80%.

Free download available HERE

Shneor, R. (2019). Crowdfunding in Norway: Status Report 2018 Q1-Q4. Oslo: Norwegian Crowdfunding Association. Available at: https://www.crowdfunding-research.org/norwegian-market-statistics