Sourced Capital boss says Covid has made investors more aware

Sourced Capital founder Stephen Moss has claimed that investors may be more aware and diversifying their investments as a result of Covid-19.

Speaking at the P2P Investing Summit on Thursday, a virtual event hosted by Peer2Peer Finance News and AngelNews, Moss said consumers may be diversifying their investments more due to the pandemic.

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“People are more aware, it’s probably an effect of Covid,” he said.

“People are looking to de-risk and the easiest way to do that is to diversify their portfolio across different loans and assets.”

Jeffrey Mushens, technical policy director of The Investing and Saving Alliance, said that investors should diversify their investments with many peer-to-peer lending platforms to choose from.

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“I think it’s up to individual lenders to choose their platform, there are well known names that offer diversification to their customers and that’s one of the virtues of P2P,” he said.

Rishi Zaveri, chief executive of Lendwise, said that lenders should do their own due diligence before investing in P2P.

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“There are some platforms that are transparent and some that aren’t,” he said.

“We’re very open about how our platform works.”