The volume of funded loans on Robo.cash reaches €150 mln

Lending
30.03.2020 10:23 am

A month ago, the European P2P platform Robo.cash 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, Robo.cash 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. Robo.cash 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 Robo.cash in 2017, the number of loans financed by its users has amounted to 1.57 mln. In total, investors have earned €1.62 mln.