The funding is the main factor, on which the development depends. Development of activities and promoting of innovation involve an increase in demand for funding, which can be achieved both through internal sources and external sources. The external sources of funding are purchased on financial market, which in the Republic of Moldova includes banking financial market and non-banking financial market. Banking financial market turmoil felt by exchange rate volatility and interest rate increase constitutes an obstacle for many economic agents in providing financial resources, whose economic returns are below the cost of bank loans. In these circumstances, the development of alternative finance is an imperative for achieving sustained economic growth. In this regard, a viable alternative is the non-banking financial market.