Robocash loan volumes continue to stall
Robocash has told investors that there will be no imminent changes to the platform’s loan volumes, following investor concerns about a lack of new investment opportunities.
In a new update, the Croatia-based peer-to-peer lending platform said that it onboarded 321 new investors in September, with €20m (£16.77m) invested over the course of the month.
Investors earned approximately €730,000 in interest in September.
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The platform addressed the loan volume concerns in the update, stating: “We understand that many of you may have inquiries regarding updates on loan volume.
“For the time being, we expect to maintain the placement of new loans at the current levels. We’ll keep you informed promptly if there are any changes.”
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Earlier this year, Robocash said that it planned to continue operating in 2024 with “moderate loan volumes” and will focus on developing its client services.
The firm noted that in 2023, the number of new platform users amounted to 5,900 which marked a decrease year-on-year. Robocash said that the decrease in registrations was mostly attributed to the loan supply.
Despite this, last year the total amount of loans financed by Robocash reached €700m, and the platform reported no defaulted loans and no late payments.
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