Peer to peer lending marketplace Robo.cash is reporting that it topped €200 million in funded loans during the month of December. In November, Robo.cash says it set a record of €9.2 million funded in a month.
According to the company, during the summer investment volume of financed loans increased with the trend growing in October with 19% more financed loans than month prior.
In November the volumes grew another 34% with €9.2 million, setting an all-time record for the platform. The second highest result was €7.9 million in July of 2019. In December, 9.9 million worth of loans were funded.
A survey by the platform is said to indicat that in November 2020 there were 21.7% more European investors listing P2P loans as the biggest asset in their portfolios compared to April.
Sergey Sedov, CEO of Robocash Group, commented:
“Robo.cash has fared well in 2020, despite all the challenges. Though we experienced a slowdown in Q2, already in Q3 we began gaining back the momentum. Along with the general positive trend in P2P lending, we believe that the group’s increased transparency has bolstered the confidence of Robo.cash investors. The platform will pursue ambitious goals in the coming year – we will work towards faster growth, aiming to attract over €10 million in 2021 alone.”
Robo.cash is a Croatia-based P2P platform that offers a buyback guarantee on investments operating within the European Union and Switzerland.