Robo.cash investment robot

Robo.cash found that a significant number of investors are new to the market

The number of search requests associated with P2P lending in Spain grew from 9,400 to 12,000 between 2015 and 2019, a study by P2P platform Robo.cash has found.

The study revealed that the momentum peaked for the Spanish alternative finance market in March 2017, with 23% and 18,800 queries, and it has remained steady since then. This correlates data from the Cambridge Centre for Alternative Finance, which shows that Spain raised €160m through alternative finance platforms in 2017.

Compared with the countries with the largest numbers of P2P platforms in Europe – the UK, Italy, Germany and France – Spain has had the most obvious upward trend in P2P lending popularity.

In a statement, Robo.cash explained: “One of the reasons for this trend could be the vote of the British parliament in March 2017 to start the Brexit procedure. The likelihood of this event could force continental investors to seek new opportunities in other countries.”

Other countries which saw a growth in P2P lending popularity around the same period was France and Italy.

Sergey Sedov, CEO at Robocash Group, told IBS Intelligence that the trend has extended across Southern Europe in general.

“This is due to the growing awareness of alternative lending in the region. Historically, the P2P segment has been represented more widely in Central Europe, as opposed to the South.

“Our own findings show that 46% investors from Southern Europe are new to this field and have been investing in it for less than a year, whereas, in the north, the share of such investors amounts to only 20%,” Sedov commented.

The survey, which is based on Google AdWords statistics, found another rise in the number of search requests in Spain in January 2018.

Robo.cash said that at that point, local investors could have been looking for alternative ways to earn money, due to the economic unrest caused by the Catalan independence referendum at the end of 2017.

Sunniva Kolostyak
by Sunniva Kolostyak
FinTech Reporter at IBS Intelligence
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