Robo.cash reveals 34 per cent rise in investment volume
Croatia-based peer-to-peer lending platform Robo.cash has reported a 34 per cent increase in investments for 2022, compared to the previous year.
The investor base also grew significantly, reaching a new milestone of 30,000.
Platform investors purchased €198m (£174m) worth of loans in 2022, which was €50m more than in 2021, and set a new monthly record in December, at €18.7m.
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According to P2PMarketData statistics, Robo.cash is now ranked fifth in the European P2P market with a total investment of €554m since launch.
Last year, 7,500 investors joined the platform, which is a 10 per cent rise since 2021. At the end of December, the total number of Robo.cash users amounted to 29,500 people. Together, they earned €6m in 2022.
During the year, the share of funds in loans for a period of one to two years increased noticeably, from five to 15 per cent. However, the platform noted that most investors still prefer loans for a period of six months to a year.
At the end of 2022, the platform’s outstanding portfolio amounted to €67m.
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“The events of 2022 forced people to reconsider their investment strategies and choose reliable and less risky products,” said product owner Nadezhda Vlasenko. “Our main focus was to guarantee the safety of investors’ funds and fulfil all obligations in a timely manner. The increased demand on the platform shows that we have successfully completed this task, although this does not mean that the challenges are over.”
Vlasenko said ensuring maximum investor protection remains one of the platform’s priorities in 2023.
“We will also continue to improve the product, as our goal is to offer a simple and convenient tool for constant earnings, so that both experienced and novice investors can effectively manage their funds,” Vlasenko added.
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