Today, technology-savvy businesses are picking up the slack, offering lending options outside the purview of traditional banks. The global phenomenon of alternative lending has been experiencing particularly explosive growth in one regional market: Asia. In Singapore, the financial center of the region, the major alternative finance players in Singapore are peer-to-company (P2C) lenders: specialized P2P lenders that only provide loans for SMEs. Market leader Capital Match was founded in 2014, but says it has already paid out more than S$32m (US$22.5m) in loans. Capital Match is known as the leading firm in offering good quality of service and loans for its borrowers and investors, and now is trying to extend its reach across the Asian Market and offer multiple types of alternative financing products. This has become the main trend in the area for SMEs to seek financing options.