Croatia-based Robo.cash is reporting that it garnered € 42 million of investments in 2021, exceeding the year prior amounts growing by 227%.
Robo.cash is a peer-to-peer platform that operates in the European Union and Switzerland. It also operates in parts of Asia. Robo.cash states that as of December 28, 2021, it has funded over €353 million worth of loans. In September, the company reached a new milestone of €300 million in funded loans.
Sergey Sedov, CEO Robo.cash Group, commented on the results:
“The results we have achieved this year show that our business model has perfectly adapted to the current economic conditions. We, in turn, will maintain the set level and continue to strive to provide investors with a favorable ratio of risk and profit.”
Robo.cash states that its platform has grown significantly in a number of ways. Since January, net deposits have increased more than 5 times totaling a record €4 million in November.
On average, 780 new investors have joined Robocash every month this year, and currently, there are more than 21,800 in total. Germany is historically at the top of the list in terms of activity.
The fourth quarter grew by 29% QoQ with Robo.cash saying this is indicative of an upward trend in the activity of P2P investors
