European P2P market serves 112 countries
Summary
Research by Robo.cash suggests European peer-to-peer lenders now operate in 112 countries. The platform found that Spain ranks top for attracting investment from P2P lenders in Europe. Outside Europe, the US leads the way.
More than 50% of alternative lenders operating in Spain are registered in other countries, with 10% of the European P2P platforms surveyed by Robo.cash offering loans to 72 countries outside Europe.
Robo.cash analysts noted that ‘The focus has shifted from the consumer segment to business lending and, to a greater extent, to sustainability, green energy and similar projects.’
They also noted that no European P2P lenders operate in China or Argentina, despite the significant size of both countries’ economies.
The US led the field in terms of operating platforms around the world, with 14 platforms in total. The Philippines and Kazakhstan were the joint second, with 10 platforms each.
The study included 424 European P2P platforms operating out of 30 European countries.
Links: https://p2pfinancenews.co.uk/2023/04/12/robo-cash-european-p2p-market-serves-112-countries/