“…To complement the existing research contributions from Scandinavian researchers (Bergström et al, 2017;Colbjørnsen, 2017;Grøn & Balling, 2016;Wallin, 2019;Worsøe-Schmidt, 2018, a significant part of the data gathered for the following historical accounts comes from grey literature, which is defined as literature produced at all levels of government, academics, business and industry, in both print and electronic formats, but which is not controlled by commercial publishers and the publishing is not the primary activity of the producing body (Farace & Schöpfel, 2010). In the following historical summaries, the grey literature consists of international overviews of e-lending developments (Eblida, 2022;Mount, 2014Mount, , 2016Whitney & de Castell, 2017).…”