The volume of funded loans on reaches €150 mln

The volume of funded loans on reaches €150 mln
30.03.2020 10:23 am

The volume of funded loans on reaches €150 mln

A month ago, the European P2P platform announced that the number of its investors reached 10,000. In March, it achieved a new milestone - the volume of loans financed through the platform increased to 150 million in total.
The achievement of this milestone was accelerated by the recent introduction of new loan originators on the platform. Seeing the continuous increase in investor demand at the end of last year, integrated with a Singapore-based holding company of Robocash Group, which offers commercial loans designed to support the business of the group in Southeast Asia. At the beginning of March, the platform introduced another loan originator -  LLP MFI Tez Finance from Kazakhstan, providing short-term consumer loans. Since the integration, the new loan originators have placed €5.7 mln worth of loans on the platform, which has allowed it to satisfy investor demand.
Sergey Sedov, CEO Robocash Group, has commented on the current situation and plans on the further development of the platform: “Despite the challenging circumstances in the financial markets and certain unrest among investors, we continue our activities. operates within the financially stable and profitable holding Robocash Group. Our lending volumes still maintain the growth, although there has been a slight slowdown in individual markets in March due to the quarantine, which resulted in lower borrower demand. Nevertheless, we have big plans to grow and enter new markets this year and hope that investors will keep supporting us in this direction. In our turn, we still secure their investments with a 100% buyback guarantee and a group guarantee in case of commercial loans.”
Since the launch of in 2017, the number of  loans financed by its users has amounted to 1.57 mln. In total, investors have earned €1.62 mln.  

Related News

DPR first to launch API hub for the later life lending market

DPR, the provider of savings and lending origination and servicing solutions, has today announced the launch of the DPR Distribution Hub with more2life... Read more »

New lenders accredited to British Business Bank Coronavirus Business Loan Schemes

Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (... Read more »

Aire launches Pulse to help lenders spot sudden financial change created by COVID-19

Aire, the UK’s fourth FCA-regulated credit reference agency (CRA), has launched a powerful new insight product to help lenders... Read more »

KfW coronavirus aid programme: Kapilendo and Varengold Bank create first digital access to instant loans

In cooperation with Hamburg-based Varengold Bank, Berlin fintech Kapilendo is now offering small and medium-sized enterprises the first fully... Read more »

Asto and Funding Options team up to offer flexible loans to small businesses

Asto Business Capital loans are now available on the Funding Options platform as part of a long-term partnership with the business finance marketplace. The... Read more »

Future Fund publishes diversity data of companies receiving Convertible Loan Agreements

The British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel