Investree as Good Option for Investment Portfolio

FinTech companies enter the financial industry as an alternative or even an investment portfolio. Although it is categorized as a newcomer, they grow by gaining huge trust from the users. People are questioning how FinTech will deal with the pandemic situation, will they get affected and goes bankrupt or stay and keep growing. Somehow it becomes a thread but also an opportunity for themselves how they react and act based on the current situation.

Investree as another example of peer to peer lending (P2P) proved better performance by having more institutional lenders since it is firstly operated in 2016. The intention of institutional lenders to distribute the fund through FinTech companies, namely P2P keeps increasing. At the beginning of their operation since December 2016, Investree has 99% retail lenders, while only 1% of institutional lenders. However, institutional lenders grow up to 42% currently. On the other hand, the retail lenders slowly keep decreasing from 99%, 96%, 80%, 68% in December 2019, then become 58% at the end of Semester I/2020. It is found to be that the retail lenders are from millennials (21 – 30 years old).

Overall, it can be concluded that P2P reacts to the current condition as opportunities as they keep improving. FinTech can contribute to wider financial inclusion and even for a younger age, millennial group namely. They are aware and educated enough about the current changing in which shifting from traditional to digital. Therefore, deciding to invest in a P2P company is a good option.

SAHH

Source:

• bisnins.com