European P2P market demonstrates growth in 2023

The European peer-to-peer lending sector has experienced average month-on-month growth of five per cent this year to date, in line with investor predictions.

European platform Robo.cash surveyed its investors last year and found that 43 per cent expected the P2P market to grow moderately next year.

Read more: Robocash Group revenues rose 16.2pc last year

It then conducted subsequent research this year which found that the sector grew by five per cent each month from January to May.

“As the market is shaken by various macroeconomic factors, it becomes stronger and healthier, especially against the backdrop of volatile assets,” said Robo.cash analysts. “Given the trend that emerged in the first five months of 2023, we can really count on systematic growth without a particular peak, if there are no events provoking this.”

The largest growth in the market was observed in March, where there was a 28 per cent increase against February. During the same month, all market segments grew in volume, especially property, at 59 per cent and business at 38 per cent.

“According to our data for the period from 2017 to 2021, the seasonality index in March is slightly above average,” Robo.cash said.

Read more:Robo.cash sees lower investment volumes in April as it limits new loans

“It could also be because the platforms often release financial statements for previous years in March, which encourages people to invest in one platform or the other.”

For Robo.cash itself, March was also marked by growth in volumes. The platform showed an increase of 66 per cent compared to February.

Read more: Robo.cash sees €600m of loans funded in first quarter