The COVID-19 pandemic has affected nearly every sector, including the P2P lending market, which demonstrated a decrease in funding volumes during March and April. However, analysts of Robo.cash are confident that the European P2P lending platforms will resume their growth in summer.
The first response of European P2P investors to the spread of COVID-19 was doubts about whether the borrowers will be able to pay out their debts. This was reasoned by the reduced level of population’s income and temporary measures to suspend debt liabilities introduced in some countries.