Covid had positive effect on P2P
Covid had a positive effect on peer-to-peer lending by building investor confidence, Robo.cash analysts have claimed.
The Croatia-based peer-to-peer lending platform noted that the Covid crisis developed resilience in the P2P market.
The platform’s analysts said that it was significant that many P2P players survived the crisis, and some platforms even managed to return to their pre-pandemic volumes by the end of 2020.
Read more: Robo.cash passes €60m investment mark
By December 2021, the market volume had increased by 13 per cent compared to January 2020.
A number of surveys conducted by Robo.cash found that the investment geographic landscape has also shifted.
“In four years, the share of German investors dominating the P2P market has halved,” the platform said.
“The countries of Southern and Eastern Europe became more involved in the industry.”
Read more: Robocash investors earned €600k in interest last month
Furthermore, the crisis highlighted for many investors the need to become more financially literate. Robo.cash research found that only a third of European investors do not use a financial plan, and eight per cent of these want to change their approach in the future.
“The Covid crisis gave the P2P market a lot of positive incentives for further development”,” said Robo.cash analysts.
“With the beginning of the Russian-Ukrainian crisis, the industry was shaken again, but the experience of going through difficult periods allowed it to stabilise. Although it is too early to estimate the forecast of the market.”
Read more: Robocash chief reveals expansion plans