Robo.cash attracts 10,000 investors

Robo.cash attracts 10,000 investors
17.02.2020 09:10 am

Robo.cash attracts 10,000 investors

P2P Lending

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. 

 

Related News

The European P2P lending market will resume its growth this summer

The COVID-19 pandemic has affected nearly every sector, including the P2P lending market, which demonstrated a decrease in funding volumes during March and April.... Read more »

52% of P2P investors keep the same volume of savings during the pandemic

52% of P2P investors keep the same volume of savings during the pandemic

 

The results of a recent poll conducted by the European P2P... Read more »

HPDLendScape Enhances Supply Chain Finance Offer To Simplify Access For SMEs

HPDLendScape, a leading secured lending platform vendor, today announces new upgrades to its supply chain finance (SCF) solution. The new enhanced solution will make it simpler... Read more »

P2P loans are the most profitable assets for 53% of European investors

Recently, the P2P platform Robo.cash completed a survey of European P2P investors dedicated to their financial... Read more »

iwoca announces OpenLending which aims to serve 2 million SMEs by 2023 in fintech first

Iwoca, one of Europe’s largest business lenders has today announced OpenLending, the new platform that – for the first time – can unify fintechs and banks to extend iwoca’s... Read more »

Robocash Group Wins the Microfinance Company of the Year Award in Russia

Last Friday, an affiliated lending company of the fintech holding Robocash Group - MFC Zaymer - won the title... Read more »

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