European peer to peer lending platform Robo.cash has published a note on platform investors indicating that after the first month of investing, users tend to invest 30% more. The second month, investors bump it up by another 10%.
The intimation is that new investors test the platform and once comfortable with the process they increase their exposure to the asset class. Additionally, the returns may be compelling enough to dedicate more capital.
Robo.cash is an automated P2P lending platform that maintains a buyback guarantee on investments operating within the European Union and Switzerland.
Robo.cash is a specialized alternative consumer lending platform for short term credit. Most available loans are short-term with an average maturity term of 22 days. The average interest rate on the platform is 12%, according to the site.
Currently, Robo.cash reports 6,200 registered users, and the average investment on the platform amounts to €2,000. Robo.cash states that investors allocate on average €1,059 during the first month after registration. Next month, the investment volume increases by 30% and reaches €1,391. After two months of investing, it grows by another 10% and amounts to €1,531.
Today, there are 182 investors on Robo.cash with the maximum €10,000 on the investment balance. Robo.cash says that 30% of the investors dedicate €10,000 on the platform within the first month of investing. Another 20% started with less than €1,000 on the balance and increased the investment volume to €10,000 over time.
Sergey Sedov, CEO Robocash Group, says investors make certain the platform is reliable first:
“Our recent survey confirmed that they pay much attention to it. Thus, a third of respondents expects higher safety of investments on P2P platforms in the future. Another reason for investing less at the start is that investors tend to diversify their portfolios and try different platforms to see how they work. According to our data, 64% of investors use five or more platforms, whereas only 5% use just one.”
Since platform launch, Robo.cash reports that it has financed 880,000 loans for a total of €77 million.