CEO Sergey Sedov Says Firm Is Focused on Growth Strategy, After 5 Solid Years of Operations

Croatian P2P lender turned 5 years old, according to an update posted on February 22, 2022.

As mentioned in a blog post by Robocash:

“During this seemingly not so long period we have managed a lot. And there is more ahead of us.”

CEO of Robocash Group, Sergey Sedov, commented on the anniversary:

“We are happy to celebrate our 5th anniversary, which was marked by excellent results. Over the last year of operation, we raised 33 M euros, which is 70% of the total amount of attracted funds. Our growth in financed loans averaged 5% per month. We want to reach our 10th anniversary with the same achievements and a large base of satisfied investors.”

The European P2P lending sector is “on the rise now,” the team at noted while adding that “more and more investors see P2P as a good investment alternative and [they] want to stay competitive by increasing our market share.”

As a business, intends to scale their new products and enhance their profitability. Therefore, they “consider the reduction in the cost of funding as a financially reasonable measure at this stage, which has a certain impact on the rate decision.” As for the platform, they “look forward to integrating new products as well and, thus, diversifying the offer.”

(Note: you can check out the new detailed breakdown by loan terms and rates here).

The updated interest rates will “range from 8% to 12%, and they will be directly related to the terms, as they were before.” also reminded clients to adjust their portfolio settings to get their funds invested properly.

As covered, the peer-to-peer market is expected to grow by around 20% this year, according to a report from Croatian lender

Robocash analysts noted that the optimistic scenario for 2022 is being supported by the general development trend from last year. Industry experts are also betting on the P2P sector going beyond the traditional framework via joint projects with other financial sectors.

Positive P2P market forecasts for the present year are based on observations of trends towards an increase in the volume of financing received in 2021. According to available data, the European P2P lending market in December 2021 reached 671 M euros (43% increase YoY).

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