Robo.cash outlined the results of its first year in operation on the European P2P lending market: 2,000 investors from the EU and Switzerland invested over €3M in the issue of 330,000 short-term PDL-loans in Kazakhstan and Spain. The average inflow of investments is €240,000 with 150 new investors joining the platform monthly.Robo.Cash views the results and platform dynamics as proving the growing demand for complex automated solutions in the global alternative fintech.
“In many respects, the results of the investment platform Robo.cash reflect the general trend in the market. There is an evident and significant growth of volumes in the last years,” indicated Robo.Cash Founder and CEO Sergey Sedov. “At the same time, the demand for the credit funds exceeds the supply. It is obvious that the market has a large potential for the further development, but it challenges its players to be fully engaged in the process as the market has just stepped onto the regulation path.”
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Robo.Cash believes these dynamics are supported by the complete automation of the platform, which allows reinvesting funds automatically and aiming yo provide a high turnover of assets. The results also aim yo prove investor interest in the solutions in alternative fintech: the reinvested funds have amounted to €25 million. In February 2018 investors funded 1,500 loans daily. According to Robo.Cash, the total income of investors reached €190,000.
