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Europe Fintech Lending

Robo.cash Hits €200 Million in 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 million. In November, the platform had set a record of €9.2 million funded in a month.

The platform has seen increased activity since summer, with the growth in the 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 generally 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.”

Robo.cash is a Croatia-based fully automated P2P platform with a buyback guarantee on investments operating within the European Union and Switzerland. Launched in February 2017, the platform belongs to the financial holding Robocash Group that unites non-bank consumer lending companies in seven markets in Europe and Asia. As a part of the group, Robo.cash works according to a “peer-to-portfolio” model providing an opportunity to invest in consumer and commercial loans issued by the affiliated companies.

Author

  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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