Top 5 Peer-to-Peer (P2P) Lending Platforms in Italy 2023

If you are an investor from Italy and interested in P2P lending, this overview will provide you with information on the best platforms currently available for investing in peer-to-peer lending in Italy.

Best local platforms for peer-to-peer lending in Italy

In Italy, there are numerous P2P lending platforms that cater to different needs such as small business financing, personal debt, real estate, and more. Some of the most notable Italian P2P lending platforms are:

History of peer-to-peer lending in Italy

Peer-to-peer lending started in Italy in the late 2010s, following the global trend towards online lending platforms, which aimed to connect borrowers and lenders directly, bypassing traditional financial institutions. P2P lending was a response to the financial crisis of 2008, which caused a credit crunch, increased borrowing costs, and a lack of trust in the traditional banking system.

In its early stages, P2P lending in Italy faced several challenges. The market was initially characterized by low awareness, skepticism from both lenders and borrowers and a lack of regulation. Moreover, the Italian banking system was quite conservative, with a strong presence of traditional banks, which made it harder for new lending models to emerge.

However, over time, P2P lending in Italy began to evolve and gain traction. The growth can be attributed to several factors, including increased awareness, technological advancements, and the need for alternative financing options for small and medium-sized enterprises (SMEs), which represent a significant portion of the Italian economy.

Compared to other European markets, Italy’s P2P lending sector is still relatively small.

Best European platforms for P2P lending in Italy

To find the best P2P lending platforms in Italy, it is important to consider low fees and high returns. Here are some of the most popular platforms in Italy:

  • Lendermarket: This platform is a favorite among Italian investors due to its low fees and wide range of P2P lending options. It offers high-return P2P loans and an easy-to-use interface.
  • Esketit: This platform specializes in short-term loans and offers investors the opportunity to invest in projects with high potential returns.
  • Reinvest24: This crowdfunding platform provides equity investments in real estate projects across Europe.
  • AxiaFunder: This unique platform focuses on litigation crowdfunding, providing investors with an opportunity to invest in different lawsuits.
  • PeerBerry: This platform offers a variety of P2P lending options, including personal, business, and real estate loans. It also provides investors with the option to invest with a buyback guarantee.

These platforms offer investors access to low-cost loans and the potential for higher returns. It is essential to research each platform to determine which one best suits your investment goals.

FAQ about P2P lending for Italian investors:

In Italy, utilizing foreign P2P lending platforms has its benefits. It provides lenders with access to a wider range of potential borrowers and investment opportunities. Furthermore, foreign platforms may offer better rates and terms than domestic lenders, giving lenders more competitive options. By using European P2P lending platforms, investors can tap into a more diverse and global investor community, ultimately increasing investment liquidity and reducing associated risks.

One of the key benefits of using a local platform for P2P lending in Italy is that it offers convenient access to both Italian borrowers and lenders. This is particularly advantageous if you want to contribute to your local community. Furthermore, local platforms are better equipped to offer customized services to Italian borrowers who are familiar with the local market, taxes, and regulations. By using a local platform, you can also avoid the expenses associated with transferring funds from foreign lenders due to currency exchange rate conversions. The specific savings you achieve will depend on the currency you choose to invest in. Overall, utilizing a local P2P lending platform in Italy is an excellent option for supporting your community and streamlining the lending process.