Robo.cash passes €60m investment mark
Robo.cash, the Croatia-based peer-to-peer lender, has attracted €63m (£55m) of investments on its platform since launching in February 2017.
The €60m milestone was breached despite a slowdown in activity in September, which saw the amount of funds added by investors fall 20 per cent compared with August.
There was also a slight decrease in transactions in the secondary market in September.
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“Weak seasonality gives us the opportunity to focus on internal development, mainly on optimizing the site interface and developing investment strategies that will make the work with the platform even easier and more convenient,” said Nadezhda Vlasenki, product owner of Robo.cash.
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Robo.cash has more than 27,000 investors on its platform. Over the summer, the group said it saw an average six per cent monthly increase in registrations, with Germany leading the number of investors.
Since launch, the group has funded more than €490m-worth of loans and investors have earned nearly €10m.
Robo.cash is a subsidary of Robocash Group, led by chief executive Natalya Ischenko (pictured).
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