P2P Consumer Lending Platforms Are “Most Stable” in their Growth, Robo.cash Report Claims

P2P consumer lending platforms are the “most stable” in their growth, while the business segment is “increasing faster than the others,” the team at Croatian lender Robo.cash claims.

Geographically, sustainable development is “mainly shown” by Croatian and Italian platforms, the Robo.cash writes in a blog post.

In terms of the amount of attracted funds, the P2P market “is dominated by mixed-type platforms.” The largest companies “belong to this type, and they are also bigger in number. More and more platforms are opening up new directions, offering investors a wide range of options for diversification.”

At the same time, the average monthly growth of this segment over the entire period “is only 4.1%, while platforms offering business loans are growing at an average of 10% per month.”

Analysts at the Robo.cash platform noted that “such a rapid growth is probably influenced by the project specifics of the segment, when a large amount of funds is collected in a relatively short time.”

The consumer loans segment is growing in a more stable manner than others.

The analysts further noted that “systematic development is achieved due to the fact that the amount of investment per person is small, and the number of customers is large.”

The report also noted that “ease of asset management and the availability of various guarantees attract and retain investors.”

In terms of geography, Croatian and Italian platforms “stand out for their stability.”

The analysts added:

“To define the growth of specific companies, we analyzed the monthly increase in volumes and the degree of deviation from the linear trend in the market. Platforms under 2 years of age were not considered since their statistics are not enough to determine the leaders of the segment. Taking into account the above indicators, the most stable results were shown by the Italian and Croatian platforms.” 

In another recent update, Robo.cash noted that they are pleased to share Robocash Group‘s audited combined financial statements “for the year ended December 31, 2021 prepared in accordance with International Financial Reporting Standards.”

The annual consolidated combined financial statements “have been reviewed by Big Ten Auditor FBK Grant Thornton.”

Here are the main results of the Group for 2021:

  • Both total assets and total equity “increased by +85.6% and +51.3%, respectively, compared to 2020.” As of December 31, 2021, total assets “were $177.1 million and total equity was $66.8 million.”
  • Revenue for the year “more than doubled 2020 results to $325.3 million (+148.6%).”
  • The Group’s retained earnings “reached $66.7 million, up 56.7% year-on-year.”

You can find the Summary Combined Financial Statements with the Independent Auditor’s Report here.

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