Robo.cash: European P2P market serves 112 countries
European peer-to-peer lenders now operate in 112 countries, according to research from Robo.cash.
The platform found that Spain ranks top of the pile for investment from P2P lenders in Europe, while outside of Europe, the US leads the way.
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More than 50 per cent of alternative lenders operating in Spain are registered in other countries, with 10 per cent of the European P2P platforms surveyed by Robo.cash offering loans to 72 countries outside of Europe.
“It is curious that compared to 2021, the percentage of such platforms of the total sample did not change much,” Robo.cash said in a statement. “At the same time, the focus has shifted from the consumer segment to business lending, and to a greater extent to sustainability, green energy and similar projects.”
Read more: Robo.cash updates on “dynamic” Kazakhstan originator
The US is the leader in terms of P2P platforms that operate worldwide (14 in total). In joint-second place are the Philippines and Kazakhstan (10 platforms each).
Robo.cash said that no European P2P lenders operate in China or Argentina, despite them having significant economies.
In total, 424 European P2P platforms from 30 European countries were included in the study.
Read more: Robo.cash adjusts interest rates
