Global peer to peer lending platform Robo.cash has announced topping €150 million in loans funded.
Robo.cash is a Croatia-based P2P platform with a buyback guarantee on certain investments operating within the European Union and Switzerland. The online lender is part of the holding company Robocash Group that operates non-bank consumer lending companies in seven markets in Europe and Asia.
Robo.cash states that the milestone was accelerated by the recent introduction of new loan originators on the platform. Robo.cash has integrated with a Singapore-based holding company of Robocash Group, which offers commercial loans designed to support SMEs in Southeast Asia.
At the beginning of March, the platform introduced another loan originator – LLP MFI Tez Finance from Kazakhstan, providing short-term consumer loans. Since the integration, Robo.cash states that the new loan originators have placed €5.7 million worth of loans on the platform, which the company says has allowed it to satisfy investor demand.
Sergey Sedov, CEO Robocash Group, commented on the announcement saying despite the challenging circumstances in the financial markets and certain unrest among investors, they continue their activities.
“Robo.cash operates within the financially stable and profitable holding Robocash Group. Our lending volumes still maintain the growth, although there has been a slight slowdown in individual markets in March due to the quarantine, which resulted in lower borrower demand. Nevertheless, we have big plans to grow and enter new markets this year and hope that investors will keep supporting us in this direction. In our turn, we still secure their investments with a 100% buyback guarantee and a group guarantee in case of commercial loans.”
