Funding Report for February 2026

Digital private market volumes fall to €237M in February as real estate platforms regain momentum

February recorded €237 million in online funding across digital lending and regulated crowdfunding platforms, representing a 7 percent decline from January and a 15 percent decrease compared with the same month last year.

The result marks the second consecutive month of declining volumes and extends the cooling that began after the stronger capital deployment observed during the final quarter of 2025. Consumer lending remained the dominant funding segment at €189 million but declined 9 percent month-over-month. The segment continues to normalize following the elevated investor allocation observed toward the end of last year.

Small-business lending experienced a steeper contraction, falling 20 percent to €11 million. SME-focused platforms have now recorded multiple months of declining volumes, suggesting more cautious capital allocation toward higher-risk business credit. 

In contrast, real estate debt rebounded during February, rising 10 percent month-over-month to €35 million. The increase was driven by several larger individual projects across platforms including Röntgen and Crowdpear, both of which reported strong monthly funding growth.

The divergence highlights an emerging shift in allocation patterns. While consumer lending continues to dominate overall funding volumes, capital flows into real estate-backed projects appear to remain highly responsive to individual deal availability.

Taken together, February’s figures suggest that the market is still moving through a normalization phase following the stronger activity recorded in late 2025, with sector-level dynamics beginning to diverge rather than a single broad-based trend driving volumes.

Structural Developments Behind the Numbers

Despite the decline in overall funding volumes, several platforms introduced new investment products, expanded loan originator networks, and launched investor acquisition initiatives during February.

Afranga launched SaveSmart, a new fixed-term investment product offering 3-, 6-, and 12-month terms with scheduled monthly interest payments. The product introduces a more structured savings-style investment option on the platform and includes optional automatic reinvestment.

Lendermarket introduced Gatelink International OU as a new loan originator, allowing investors to lend directly to the company following its separation from Creditstar. The move strengthens diversification and transparency within the platform’s loan originator network. Lendermarket also launched a referral program, offering a welcome bonus for new investors and cashback rewards for both referrers and invited users.

Nectaro introduced its “Winter to Spring” investor challenge, offering cashback incentives and tiered bonuses for new investors entering the platform during the campaign period. The initiative is designed to accelerate new capital inflows during the early months of the year.

Esketit added Jet Finance (MFO Mogo Kazakhstan LLP) as a new loan originator, enabling investors to fund vehicle-backed loans issued in Kazakhstan. The addition expands the platform’s geographic diversification and introduces exposure to a regulated microfinance lender in Central Asia.

Loanch increased the interest rate on Tambadana instalment loans to 15 percent, raising returns for investors allocating capital to this originator. The change reflects ongoing competition among platforms to maintain attractive yields for investors.

February 2026 Market Highlights

• Total funding in February 2026: €237,014,541.
• February 2026 was 7% lower than last month.
• February 2026 was 15% lower than the same month last year.
• February's funding distribution across categories revealed:
  • Consumer Debt: €189M (↘ -9%)
  • SME Business Debt: €11M (↘ -20%)
  • Real Estate Debt: €35M (↗ 10%)
• The monthly volume reached its lowest level in the last 12 months.

Direct Crowdfunding: February 2026 Funding Amounts

Here is the amount of capital raised on each direct crowdfunding platform over the past month:

Loan Reselling Platforms: February 2026 Funding Amounts

Here is the amount of capital raised on each marketplace reselling loans over the past month:

Total funding amount over the last year (€ million)

Here is the development in capital raised over the past 12 months:

Funding amount by category and license in February 2026

Here is a breakdown of the capital raised on all platforms participating in the monthly funding report of February 2026, categorized by platform and licensing status:

^*The data contained in this report is directly provided by the third-party companies and has not been independently verified by P2PMarketData. This data is submitted either manually via the Platform Portal or through API integration.