Robo.cash posts 20pc rise in long-term investments
Robo.cash has said that investments in long-term loans on its platform have risen by 20 per cent since March.
The European peer-to-peer lending platform has also reported an increase in investor earnings over the same period.
For the past eight months, Robo.cash investors have been systematically increasing their portfolios with loans of 90 days.
As of November 2022, the total share of their funds has reached 80 per cent.
Read more: Robo.cash to introduce one-click investments
A similar trend has been observed among customers with large portfolios. Since August, investors with a balance of more than €25,000 (£21,800) have increased the share of loans from 90 days by 10 per cent.
In total, from January to October of this year, investors monthly earnings on Robo.cash increased by 6 per cent.
Read more: Robo.cash attracts €15m investment in loans in October
“Of course, investors quickly react to external events and try to secure their funds in all possible ways. But they are also eager to get a better income. Investing in long-term loans on Robo.cash allows you to receive monthly payments that can be reinvested and thereby increase profit”, Robo.cash analysts said.
“Investors with larger balances also opt for longer loans. Most likely, due to their experience and familiarity with the platform, they prefer more favourable conditions with a long-term perspective.”
As of 31 October 2022, Robo.cash has attracted more than €66m (£57.6m) of investments and funded over €500m (£436.7m) worth of loans.
Read more: Robocash reports 127pc profit increase in YTD