Peer to peer platform Robo.cash has published a report indicating growing interest from Germany regarding P2P lending. In a study conducted by the platform, the company said that in 2015 the monthly number of requests related to P2P lending in the country was less than 1,000, and in January 2019, it reached 6,550.
The average monthly number of requests related to P2P investments in Germany has grown more than 10 times over the past 4 years. In July 2015, their average monthly number was close to zero, whereas in January 2019, it exceeded 300.
Robo.cash analysts note that interest in P2P is comparable with the increasing size of the local alternative finance market. From 2016 to 2017 alone, its volume grew by 85% from €322 million to €595 million. By the number of P2P platforms in Europe, Germany ranks second after the UK, with 46 P2P lending services.
On the Robo.cash platform, the country has been a leader in terms of investors’ number since the beginning. Currently, the share of German investors on the platform amounts to 43.5%.