P2P demand outpaces market growth in Europe
The popularity of peer-to-peer lending investments in Europe is outpacing the actual growth of the market, new data has revealed.
Analysis by European P2P platform Robo.cash found that the number of search requests for P2P investments in March 2021 rose by 83 per cent compared to August 2020.
By comparison, the volumes of the European P2P market grew by only 63 per cent over the same period. An a analysis of search queries in 10 European countries led Robo.cash to conclude that the European P2P market is about to enter a period of acceleration.
The analysis found that P2P investment inquires began to rise rapidly in the second half of 2020, and reached a new peak in January 2021 with 99,000 search queries.
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“We observed a growing trend in investor activity on our platform beginning [in the second half of] 2020 and continuing this year,” said Sergey Sedov, founder and chief executive of Robo.cash.
“In [the first quarter of] 2021, the net deposits on Robo.cash grew by 46 per cent compared to the previous quarter, while the number of new investors went up incredibly by 139 per cent.
“This is likely the result of the continuous rise in popularity of the market in general, and is also indicative of the growing trust between the investors and P2P platforms.”
Robo.cash recently revealed that it had attracted €15m (£13m) in accumulated investment within a six month period.
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