Robo.cash, a short term consumer lender operating in multiple markets, says that consumers are becoming more confident about peer to peer lending. According to an in-house survey, 64.9% of the European P2P investors have “full confidence in P2P lending.” Additionally, 52.3% of respondents mentioned that P2P loans take a considerable share of their investment portfolio – over 25%.
Robo.cash says it surveyed 600 European P2P investors for their information. Their findings showed that 45.4% of respondents consider P2P lending reliable for investments, although they were hesitant at first. Another 19.5% of investors have trusted this sector from the very beginning.
The survey indicated that a majority (52.3%) held 25% of their investments in P2P lending, 7% invested only in P2P lending and thus are not very diversified.
P2P lending may represent an alternative to historically low interest rates where savings accounts generate little to no return at all. But investors must also be aware that intrinsic risk is higher in P2P loans than the typically bank savings account.
Sergey Sedov, Chief Executive Officer of Robocash Group, said that the “expertise” of online lending platforms helps to boost investor confidence.
“We see this by the example of our own P2P platform. In 2017, when Robo.cash was just launched, the average monthly number of new investors joining the platform was 140. In 2019, it has grown to 360. Investors’ trust is also reflected in the volume of invested funds. Today, we have 382 users who have allocated the maximum possible amount compared to 125 at the end of 2018. Looking at the European P2P lending on the whole, it is clear that its volumes keep growing from year to year. Developing at a fast pace, this segment will continue gaining trust of the increasing number of investors.”
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