European peer-to-peer lender Robo.cash has found that more experienced and wealthier investors are more likely to use its secondary market.
The platform said that 62 per cent of its investors are in favour of having a secondary market, but its research found that there was a clear demographic split in terms of its usage.
59 per cent of those with less than €1,000 invested in the platform use the secondary market, but this proportion rises to 70 per cent among those who hold over €15,000 in their Robo.cash portfolio.
The Croatia-headquartered firm also revealed that the average investment of those who use the secondary market is 25 per cent higher than those who do not participate in it at all.
“We can assume that new investors trust the secondary market less and do not invest in it initially due to the fact that they are not yet familiar with the platform or due to little experience”, analysts at Robo.cash said.
“Large investors are keen to maximise their income on the platform and are not afraid to take advantage of its benefits. This includes actively using the secondary market, as this is where you can buy a loan with an attractive interest rate, as well as keeping funds on the platform and reinvesting them.
“At the same time, the already small percentage of investors who prefer to withdraw funds from the platform immediately after closing the loan is decreasing. This could indicate a growing trust in both the P2P market in general and the Robo.cash platform directly.”