European platforms see September slowdown
Robo.cash and ViaInvest have reported a dip in investment in September, after a bumper August.
Croatia-headquartered Robo.cash said that €17m (£14.7m) was invested into its platform last month, down from a record €22m of loans funded in August.
“Peer-to-peer investor activity is slowing down in September,” it said in a blog post on its website.
The platform added 394 investors last month, down from 508 in August.
€735,000 was earned by investors in September, down from €749,000 the previous month.
September was a busy month for Robo.cash, as it lowered its interest rates and its parent company rebranded to UnaFinancial.
Meanwhile, Latvia-based ViaInvest said that its investors funded €7,196,618-worth of loans in September, down from €7,391,852 in August.
However, ViaInvest added that its loan originators “are actively working on sales, offering even more opportunities for investors to engage and potentially increase their earnings.”
Read more: Twino and VIA SMS Group launch joint venture in the Philippines
ViaInvest added 464 investors last month, down from 518 in August, bringing its total to 35,999 registrations.
“Furthermore, with our referral program in place, we’re optimistic that our community will continue to expand as members introduce new investors to our platform,” it said.
Read more: ViaInvest hires new risk director, debuts new offerings