Robo.cash doubles funding volumes in 2019

Robo.cash doubles funding volumes in 2019
15.01.2020 09:10 am

Robo.cash doubles funding volumes in 2019

P2P Lending
The fully automated P2P lending platform Robo.cash has summed up the results of its operation in the previous year. For the whole time, the platform has financed 140 million of loans. Out of them, 80 million were funded in 2019. Compared to 2018, it was a double increase in the financing volumes on Robo.cash.
 
 
The amount of attracted investments on the platform increased twice as well: last year, Robo.cash raised €4.7 million, in comparison with €2.3 million in 2018. Investors' income grew 2.2 times from €394,000 to €872,000. The number of new users amounted to 4,673 - 1.5 times more than in 2018. In overall, as of December 31, 2019, Robo.cash raised €9.6 million and attracted 9,473 investors. Their total income equaled €1,406,000.
 
It is important to add that in 2019, the platform expanded investment opportunities by adding loan originators from Vietnam and Singapore. The Singaporean company also introduced a new product - commercial loans aimed to support the business development of Robocash Group, which owns the P2P platform Robo.cash and lending companies in Europe and Asia.
 
Sergey Sedov, CEO of Robocash Group, said: “The funding volumes on Robo.cash grew fast due to the combination of factors. Certainly, one of them was the increased volumes of our lending companies. Still, the most important thing was the growing loyalty of the current users and the influx of new investors. Our recent data based on a survey among the users of Robo.cash show that 90.4% of them are generally satisfied with the platform, and 89.5% would more likely recommend it to others. This year, we will work to increase the positive experience among the users by making improvements on the platform and creating more investment opportunities. We expect that by the end of 2020, the volume of attracted funds on Robo.cash will reach €17 mln.”

Related News

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 »

Coronavirus epidemic has not affected portfolios of P2P investors

While financial markets are experiencing instability due to the coronavirus epidemic, it seems that European P2P investors have not been affected by the situation.... 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