No doubt, business owners and consumer will still need to raise capital by other means than bank loans. But higher rates of defaults are an immediate risk for both platforms and investors. Capital flight from platforms is also a big concern and may cause platforms to collapse.

In our outlook we assume that some of the platforms with shaky business models will slowly disappear. They will desperately try to tell you the opposite and assure you that your money is safe, but what else can they say?

[...]

We have retired the "Watch List" and replaced it with a quarterly portfolio overview.

Our current portfolio shows where we make active investments and where we have (for different reasons) stopped making investments.

Our ambition is to build a combined portfolio with low to moderate risk and an acceptable return. In 2020, we will steer away from the high-risk segment including some crowdfunding platforms.

[...]

EstateGuru is a leading European P2P platform for short-term, property-backed loans. All loans in this market place is secured against property with a maximum Loan-To-Value (LTV) ratio of 75%. EstateGuru has a long track record with 0% default rate. [...]