European P2P platforms see rising volumes
European peer-to-peer lending platforms are in growth mode, with most reporting rising volumes.
According to a new analysis from P2P lender Robo.cash, this is evidence that the European P2P sector is entering its adolescence, as platforms focus on growth across a number of markets.
The Robo.cash analysts used the Adizes 10-step model as the basis for analysing the development cycle of 37 P2P companies. They took into account a number of characteristics, including available statistics, lending operations, and registration status in continental Europe.
Monthly volumes of attracted investments were also set as indicators.
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“In general, most platforms are actively increasing their volumes,” the Robo.cash analysts said.
“Thus, the market confirms its reputation as highly promising.”
The analysts found that most European P2P platforms are “quite mature players”, with at least two years of operations behind them. Yet, 24 per cent of the platforms analysed started their lending activities between 2020 and 2022.
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“The market is highly competitive and new players have a hard time,” the analysts said.
“But the age of the company is not a defining indicator. An important point here is the focus on growth, which many platforms have shown for a long time.”
The consumer lending segment is seeing the fastest growth due to the high demand for affordable loans across Europe and worldwide.
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