Robo.cash sees lower investment volumes in April as it limits new loans

Robo.cash saw €13m (£11.5m) invested into its platform in April, a decline from €18m in March, as it continues to limit the volume of new loans.

The European peer-to-peer lender’s latest update also revealed that its investors earned €750,000 in interest last month, and 571 new investors joined the platform.

Robo.cash reduced the supply of new loans in February, “in accordance with current business needs”. It said at the time that this meant investors may not see all of their money invested.

“At the moment, we maintain a limited offer by placing loans a few times a week,” Robo.cash said in a new blog post on its website today.

Read more: Robo.cash: European P2P market serves 112 countries

“The situation is expected to continue in the next two months. Please take this into account when setting up your investment portfolios.”

In February, Robo.cash also announced that it was reducing interest rates on several loan terms, “as most businesses of Robocash Group have currently achieved self-sustaining state”.