The volume of loans funded on European peer-to-peer lending platforms spikes during springtime, new analysis has found.
According to research by Croatia-based P2P lending platform Robo.cash, there are similar surges in lending during the months of October and January.
After collating the monthly growth rate of loans across a number of European P2P platforms, Robo.cash found a 7.2 per cent increase in lending volumes during the spring.
During the summer months, funding volumes increase by an average of 2.5 per cent. In the autumn, there is an average growth rate of 3.7 per cent, before the European P2P lending market enters a “quiet period”, with just 1.6 per cent growth in winter.
“The seasonal trends in P2P lending largely correlate with different periods of investor activity,” said Robo.cash analysts.
“Summertime is typically reserved for rest, which is why we observe less loans funded during the period. The following slowdown in autumn can be attributed to holiday preparations and related expenses that take priority over on-going investments.
“The growth rate shows a consistent rise in spring, when investors resume their activity after Christmas and New Year holidays.”