European P2P lending market ‘has room to grow’
The European peer-to-peer lending market is still in the early stages of development and consumer loans are leading the way, research claims.
European P2P lending platform Robo.cash analysed 37 alternative lenders on the continent and assessed their loan types, age and loanbook size.
Most of the continental P2P platforms are quite mature players with at least two years of work, according to the research.
Read more: Robocash Group hits 20m registrations in bumper first quarter
However, despite the recent economic turbulence, new names have still appeared on the market with 24 per cent of the platforms analysed launching in the previous two years.
The research found that the consumer segment is developing at a faster pace, which was attributed to the high demand of the population for affordable loans both in Europe and in the developing countries of the rest of the world.
Greater availability and security of investments also play an important role, the research suggests.
Read more: Robo.cash reaches milestone of 25,000 investors
“The market is highly competitive and new players have a hard time,” the analysis said.
“But the age of the company is not a defining indicator.
“An important point here is the focus on growth, which many platforms have shown for a long time.
“In general, most platforms are actively increasing their volumes. Thus, the market confirms its reputation as highly promising.”
Read more: P2P represents “most optimal investment” for 2022