Robo.cash attracts €15m investment in loans in October
Croatia-based peer-to-peer lending platform Robo.cash has reported that investors purchased €15m (£12.9m) of loans last month.
There were 641 new investors onboarded with Robo.cash in October, and investors saw returns worth €653,000 across the month.
Last month Robo.cash also onboarded a new originator from the Philippines. Digido offers consumer loans for up to 12 per cent per annum. All loans come with the ‘buyback’ and the ‘group’ guarantees.
Read more: Robo.cash adds loan originator from the Philippines
The results come as parent company Robocash Group last month revealed a 127.8 per cent profit increase for the first nine months of 2022.
Net profits rose to $43.5m (£37.63m) while the group earned $346.8m in revenue over the same period, representing a 54 per cent year-on-year rise.
During the first three quarters of 2022, the Robocash Group issued loans to the value of $881.7m, a 61.1 per cent increase on the same period of 2021.
Read more: Robo.cash investors earned €1.3m in first half of 2022
Robo.cash is currently running a one per cent cashback campaign for those who deposit and invest funds by 7 November.
Read more: Robo.cash adds loan originator from the Philippines