P2P Alternative Lender Robo.Cash Extends Operations Across Swiss Border

In February, the alternative lending platform Robo.cash will extend its operations into Switzerland.

“Switzerland is a strong internationally oriented financial center with a long-standing history of the crowdfunding market,” indicated Robo.cash Founder and CEO Sergey Sedov. “We believe that the Swiss investors will greatly appreciate the opportunity of automated investments in high-turnover loans.”

According to the recent report on the European Alternative Finance Industry made by the Cambridge Centre for Alternative Finance, the Swiss online crowdfunding market shows remarkable dynamics having grown from €16M in 2015 to €30M in 2016 (up 81%), partly a result of leading European countries like Germany, France and others operating in Switzerland.

Representing the rapidly growing Baltic region, Robo.cash has attracted more than 1,700 investors from all 28 countries of the European Union within the year. By the end of January 2018, the sum of raised investments reached €2.8M. The platform reported that, in total, Robo.Cash investors had earned €160.000 investing in short-term PDL-loans issued in Kazakhstan, Russia and Spain.

The P2P lender shared a “financial portrait of a Robo.cash investor” earlier this month, a study reflecting the behavior of investors on the European P2P platform, including the actual volume of investment, the quantity and size of deposits and withdrawals of funds from the platform, is said to directly correlate with the age of an investor, as well as the level of trust in the investment site. The internal analsys studied experience of its investors with an investment history of more than 2 months.

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Study highlights include:

  • investors from a younger age group, 18-24 years old, usually deposit circa €200 at a time and rarely withdrew any funds.
  • The maximum funding size is characteristic of the older age groups: the average deposit of investors of 35-44 years old is equal to €879 and for those who are older than 45 years old is €838.
  • Millennials of 25-34 years of age invest about €679 on average making frequent deposits in comparison to the younger age group.
  • All age groups were said to usually withdraw about 9-10% of the average amount of investments, and except for the youngest investors, representatives of other groups made on average 2 withdrawal requests.
  • Regarding the size of investments, the biggest deposits and withdrawals were made by investors having the maximum portfolio size.
  • The “beginning” investors have a small sum of free funds: their portfolio does not exceed €1,000 and usually, they deposit about €200 and withdraw €50-60 at a time.

Robo.cash believes the study confirms the idea that investors’ behavior differs only slightly and that activity corresponds to certain psychological types of investors.

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