Month-to-month web site site visitors to European peer-to-peer lending platforms surged over the summer season, new analysis reveals.
Evaluation of Google traits statistics by Croatian P2P agency Robo.money discovered that the variety of month-to-month visits to the continent’s hottest platforms grew by 22.5 per cent between June and August, to nearly 5 million.
“After two market crashes within the final 4 years, the trade appears to be on one other long-term upward development of recognition,’ Robo.money mentioned.
Learn extra: Robocash Group posts $4m of income in first half
Nonetheless, the research additionally confirmed that the variety of search queries associated to P2P investments remained in a reasonably flat vary of 4,000 to six,000 per thirty days. The variety of requests from potential debtors additionally stays unchanged.
Robo.money additionally famous that the quantity of funds invested by means of European main P2P platforms has elevated by 48 per cent over the past 12 months, reaching €300m (£258m) per thirty days in Might 2023.
Learn extra: P2P investments extra worthwhile than different asset courses
Robo.money is owned by an alternate finance group, which just lately rebranded from Robocash Group to UnaFinancial. It mentioned that the rebrand signifies the following stage in its growth, as the corporate seems to deal with the spending, borrowing and funding calls for of its clients in current and new markets.