First deposits of P2P investors increased significantly in June

First deposits of P2P investors increased significantly in June
15.07.2020 05:47 pm

First deposits of P2P investors increased significantly in June

Investment

Statistics of the P2P lending platform Robo.cash show that the size of the first deposit made by its investors increased sharply in June this year. According to the data, the average first amount which users added to the platform last month was €909. This number significantly exceeds the pre-crisis figures.

Since the launch of Robo.cash in 2017, the first deposit of investors grew from year to year. Thus, in 2017, its average amount was €604, in 2018 - €658 and in 2019 - €772.

 

 

At the beginning of 2020, it stayed almost on the same level, equaling  €730 in January and €714 in February. Yet, with the spread of the coronavirus pandemic and rising cautiousness of investors, in March and April, it dropped to €571 and €559 respectively. In May, the average first deposit of Robo.cash users started growing again and in June, it reached €909. This sum significantly exceeds the pre-crisis levels.

The starting trend is confirmed by statistics of the platform in July as well. During the first week of the month, investors of Robo.cash who just started investing on the platform, added on average €968.

Analysts of the company comment on the statistics:

“An increase in the average first deposit in June and July can be due to several factors. First, investor sentiment generally improves, as the spread of coronavirus in individual countries of the world slows down, and some regions, including Europe, lift lockdown restrictions. Secondly, during the pandemic, P2P lending platforms had the opportunity to prove their reliability and gain the trust of both existing and new investors. Finally, since the start of the outbreak, many alternative lending platforms improved their investment offers and introduced additional bonuses for users. P2P investors who retain confidence in this segment seek to seize the opportunity and take advantage of attractive conditions on time.”

Related News

ESG Investment North America Virtual Summit – by Reuters Events Markets

Reuters Events hosts the leading, North American institutional investor forum bringing financially critical ESG insights to mainstream investors. Join a two-day agenda that... Read more »

ESG Investment Europe Virtual Summit – by Reuters Events Markets

Reuters Events hosts the leading institutional investor forum for delivering strategic ESG insights to drive forward-thinking investment policy. Join a two-day agenda that... Read more »

Remitly Announces $85 Million Round as Digital Remittances Surge Globally

Remitly, the mission-driven provider of remittances and financial services for immigrants, announced an additional $85... Read more »

London Derivatives Exchange selects Exberry to deliver matching engine technology

Exberry, the exchange technology pioneer, has been appointed by London Derivatives Exchange (LDX) to provide matching engine technology. The... Read more »

FinecoBank expands UK offering with access to Algebris Funds

FinecoBank today announces the expansion of its investment products with a suite of funds from Algebris.

With the new funds from London... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel