P2P lenders hoping for market recovery by end of 2020
More than a third of peer-to-peer investors in Europe believe the lending market will recover by the end of this year, research claims.
A number of P2P lenders have paused operations during the pandemic but analysis by European platform Robo,cash found 37.7 per cent of investors believe that the P2P lending market will regain its pre-crisis volumes by the end of 2020.
Another 36 per cent believe this will happen only in the first half of next year, and just 10.9 per cent of respondents think that the market will recover only by the end of 2021.
Respondents said the main sign of a market recovery will be the restoration of regular payments to investors, a slowdown of withdrawals and a decrease in the number of defaults.
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“Despite the crisis of the first months of the year, in summer, the market is resuming its growth just as we expected,” Sergey Sedov, chief executive of the Robocash Group, said.
“The market began to grow in May and in June the growth rate increased.
“We can predict that the platform will come back to its pre-crisis level of funding within two to three months and the recovery of the whole market may well happen by the end of 2020.
“This generally complies with our investors’ expectations.”
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