Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1096537724
May 23 2018

Millennials dominate European P2P lending

Tim Evershed Industry News, News baby boomers, generation x, generation z, Millennials, Robo.cash, Sergey Sedov

MORE THAN half of all European peer-to-peer lenders are millennials, new research has found.

Data from European P2P loans platform Robo.cash has shown that the younger demographic is steadily taking over the leading position from the older generation of investors.

Over the past six months, Robo.cash has noticed that its share of investors aged between 22 and 37 has grown to 53.9 per cent.

“The growing demand for P2P lending and the increased share of the younger generation prove the potential for alternative lending in Europe,” said Sergey Sedov, founder and chief executive of Robo.cash.

Read more: Robo.cash loan book hits £2.5m in first year

“It is evident that the interest of investors, particularly young, in a simple and comfortable source of additional income and positive experience gained at the existing P2P platforms will have a significant impact on the future development of the industry.”

The number of investors aged between 18 and 21 – nicknamed ‘generation Z’ – has also increased to 1.8 per cent over the past six months as the average age on the platform continues to drop.

Read more: Younger P2P investors least likely to raid their portfolio

After millennials, the next largest group on Robo.cash is ‘generation X’ (38-53 years old) with a 38.6 per cent share then baby boomers (aged 54-72) with 9.5 per cent.

However, it is the over 54-year-old age group that are making the largest investments with an average size of €4,907 (£4,305).

Read more: Investors back auto-lending as top P2P platform feature

The House Crowd looks further north to boost loan opportunities Two more hires for ThinCats amid company growth

Related Posts

man business analytics and financial Business finances and accounting concept.

Industry News, News, Top 3

ThinCats’ credit processes unchanged despite pandemic

closeup macro fifty euros bankontes background

Global News, Industry News, News, Top 3

EstateGuru reports 50pc rise in annual lending volumes

Geschäftsmann vor weißem Hintergrund stellt Geschäftserfolg vor

Industry News, News, Property, Top 3

LendInvest predicts higher demand for complex lending in 2021

Popular posts:

  • Government responds to P2P fraud query
  • FCA lumps P2P lending in with higher risk products again
  • The alternative lenders accredited for CBILS
  • 4th Way gives its views on Zopa and Funding Circle returns
  • Funding Circle to offer first and second draw PPP loans
  • SME lender warns many companies will not survive
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by