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Robo.cash hits €200 mln of funded loans
The European P2P lending platform Robo.cash reached a new milestone in December – the volume of loans financed by its investors hit €200 mln. In November, the platform had set a record of €9.2 mln funded in a month.
The platform has seen an increased activity since summer, with the growth in volume of financed loans MoM. This trend became prominent in October, when Robo.cash financed 19% more loans than in September. In November the volumes had grown by another 34% with €9.2 mln, setting an all-time record for the platform. The second-highest result was €7.9 mln in July of 2019. The tendency lasted until the end of the year, with €9.9 mln worth of loans funded in December.
This growing trend is further supported by data from Robo.cash surveys. The findings in November 2020 showed that 21.7% more European investors list P2P loans as the biggest asset in their portfolios compared to April.
Sergey Sedov, CEO of Robocash Group, has commented on the platform’s accomplishments: “Robo.cash has fared well in 2020, despite all the challenges. Though we experienced a slowdown in Q2, already in Q3 we began gaining back the momentum. Along with the general positive trend in P2P lending, we believe that the group’s increased transparency has bolstered the confidence of Robo.cash investors. The platform will pursue ambitious goals in the coming year – we will work towards faster growth, aiming to attract over €10 mln in 2021 alone.”
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