Business spending becomes greater priority among investors
An increasing number of European investors have said business features as their main expense when financial planning.
Croatia-based Robo.cash, which operates across the EU and Switzerland, polled peer-to-peer investors from different European countries, asking them about their spending.
The P2P lending platform’s latest survey highlighted a change in the distribution of expenses in investors’ budgets, finding that 25 per cent rated business as their highest spending priority, compared to just three per cent the previous year.
Read more: Robo.cash customers rank investing higher among expense priorities
It makes business the second greatest priority among investors, second only to housing, which remains top of the list.
The survey found that 71 per cent of the European P2P investors surveyed used financial planning, which Robo.cash said indicated a sophisticated approach to financial literacy.
The Spanish (72 per cent) were found to stick to the plan more than others, even ahead of conventionally pragmatic Germans (65 per cent).
Read more: P2P represents “most optimal investment” for 2022
Robo.cash found the current downturn in the market had affected investors’ plans to a lesser extent than some may have anticipated.
Only four per cent said it completely changed their plan, while 14 per cent noted that the current instability had no impact at all.
Investors also reported a slight growth in travel spending, from four per cent to five per cent, with the share of those willing to part with more than €5,000 (£4,178) increasing by two per cent compared to 2021.
Earlier this week, Robo.cash reported that investors has channelled €15m (£12.6m) into the platform in July, down from €17m in June.
The platform lowered the interest rates on its short-term loans last month, to “increase the efficiency” of the business.