Robo.cash attracts 10,000 investors
- P2P Lending
- 17.02.2020 09:10 am
In February, the number of registered investors on the European P2P platform Robo.cash reached 10,000. Remarkably, last year the geographical distribution of its users changed significantly, due to a large influx of investors from Bulgaria, Spain, Italy and Portugal.
Currently, the P2P investment platform Robo.cash serves users across the EU and Switzerland. The five largest countries by the number of investors are represented by Germany (34.6%), Spain (12.7%), Bulgaria (5.7%), Portugal (5.3%) and Italy (4%). While Germany and Spain have always been the leaders, the rest of the countries in the TOP 5 previously included Austria, Latvia, the United Kingdom and the Czech Republic.
For a long time, German investors remained the main audience of the platform, however, the situation is changing. Over the past year, the number of Robo.cash users from Bulgaria increased 9.7 times, from Italy - 3.4 times, Spain - 3.2 times, Portugal - 2.3 times.
Sergey Sedov, CEO of Robocash Group commented: “Historically, P2P investments have been more developed in the north-east and central Europe. Yet, based on our statistics, today, we observe a shift towards its other regions. Apart from the growing popularity of P2P throughout Europe, there may be other factors in each case. For example, in Bulgaria, the interest of investors in fintech can be fueled by the rapid development of the segment. The country is an evolving fintech hub in Southeast Europe with the largest number of companies in the sector, 12% of which focus on personal finance. Today, investments in P2P are available for any resident of Europe regardless of their experience, level of income and other factors. In the future, we can expect a wider presence of investors from other European countries on our platform as well.”
Since the launch of the platform in 2017, investors of Robo.cash have funded 1.5 million loans totaling €146 million. Their total income has amounted to €1.5 million.