Peer-to-peer business lending in Europe grew by 76 percent year-on-year to reach €300m (£266m) in 2022, according to new analysis. Conversely, European P2P consumer lending volumes were down by 25 percent, reducing the pace of growth, according to P2PMarketData analysed by European P2P platform Robo.cash.
However, consumer lending is still the most popular European P2P segment, Robo.cash said.
“The consumer P2P investment scheme is characterized by relative ease of use and the option of a fairly quick exit,” Robo.cash said. “This may have led to an accelerated outflow of funds during the market crisis.”
Meanwhile, Robo.cash said funding for the real estate sector remained at the 2021 level of €700m.
“Obviously, against the backdrop of a pan-European rise in inflation, rising prices for energy carriers, and other negative factors, the year was not the best in terms of the development of serious real estate objects,” said Robo.cash.
Robo.cash noted that venture capital funding for European start-ups had fallen by 25 percent in 2022. “European business is increasingly eyeing the P2P market,” it said. “The situation will only develop until the pan-European foreign policy conditions are finally stabilized.”
Links: https://p2pfinancenews.co.uk/2023/02/15/p2p-business-sector-booms-as-consumer-lending-drops/