Peer-to-peer investors have increased the value of their first investments despite the pandemic, one lending platform claims.
European peer-to-peer lender Robo.cash has revealed the size of the first investment made by users increased last month to €909 (£822).
This is above the average of €772 for 2019.
At he beginning of 2020, the initial investment through its platform remained at almost the same level of €730 in January and €714 in February, the lender said.
It then dropped to €571 and €559 in March and April respectively as the coronavirus pandemic began to take hold and started growing again May, Robo.cash said.
The rise has been attributed to investor sentiment improving as the virus slows down and P2P proving its reliability.
“During the pandemic, P2P lending platforms had the opportunity to prove their reliability and gain the trust of both existing and new investors,” the company said.
“Since the start of the outbreak, many alternative lending platforms improved their investment offers and introduced additional bonuses for users.
“P2P investors who retain confidence in this segment seek to seize the opportunity and take advantage of attractive conditions on time.”
It comes as Robo.cash reached a milestone of €150m (£135.8m) of loans being financed through the platform as of the end of March.