Fintech News | Fintech Zoom

Robo.cash attract €72 million of loans for Q1 2019

In the first quarter of 2019, the European P2P platform Robo.cash observed a growing number of new investors. Compared to the same period last year, it increased by 50%. As of the end of March 2019, the total number of investors on the platform reached 5,850, which allowed to attract €6.2 million of investments and finance €72 million of loans.

Over the first three months of 2019, Robo.cash was joined by 1,050 investors. This is 50% more than 704 new investors in the first quarter of 2018. As of the end of March, Robo.cash had a total of 5,850 registered users and €6.2 million of attracted investments. The invested funds allowed to finance 830,000 loans in the amount of  €72 million.

The geographic distribution of investors this year has changed considerably. The top five countries are now represented by Germany (44.3%), Spain (8.1%), Portugal (5.2%), Austria (4.1%) and Bulgaria (3.3%). Since the beginning of 2018, there has been a significant increase in the number of investors from Portugal and Bulgaria. The amount of Portuguese investors has grown from 80 to 300, and the number of Bulgarian investors – from 20 to 190.

“With two years of experience, Robo.cash has gained the reputation of a reliable platform, which is confirmed by the increasing number of new investors. In general, Europeans show greater confidence in P2P lending today. According to our recent survey, 44% of P2P investors are ready to increase the volume of investments this year, and 36% consider this possibility. We have also observed the gradual penetration of P2P lending across Europe and the rising awareness of it among the population. That is why we have seen an influx of new investors from other countries compared to the previous year”, – said Sergey Sedov, Chief Executive Officer of Robocash Group.

Robo.cash has been operating since 2017 and is available for investors from the European Union and Switzerland. In March 2019, the platform relocated its activities to Croatia. It is expected that the relocation will facilitate the further development of the platform and bring benefits for investors.

 
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ABOUT

Robo.cash is a fully automated P2P-platform with a buyback guarantee on investments operating within the European Union and Switzerland. The investment platform is a part of a financial holding Robocash Group uniting non-bank lending companies in Spain, Russia, Kazakhstan, the Philippines, Indonesia, Vietnam and India. The group is specialized in alternative consumer lending. For the time of its work, the group has issued more than 4 million loans. The staff number is over 1,300 employees. The financial group has been developing in the market since 2013

Mia Turner

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