P2P Lending Remained Stable, While Stocks and Crypto-Assets Crashed, Robo.cash Reveals

The volume of P2P funding decreased from 511 million Euros in May 2022 to 447 million euros in June 2022, i.e. by 13%, according to an update shared by Robo.cash.

The fourth quarter of 2021 “saw significant growth in P2P lending, but so far in this year, it has slowed down,” Robocash wrote in a blog post.

With the exception of a slight uptick in May, funding volumes “were declining each month,” Robo.cash revealed while adding that this is “significantly different from the same time period the previous year, when the sector was expanding and only slightly declined over the summer.”

According to Robo.cash, a major positive is that “even when stocks and cryptos were free-falling, P2P lending has remained stable.” This shows “the faith of investors in the P2P market,” the Robocash team claims while adding that P2P lending figures for July “are expected to be similar, as the sector is experiencing a slowdown in light of political instability in the regions and rising inflation.”

Robo.cash added:

“Major events like monetary policy meetings, inflation, an unstable political environment, and other similar ones are causing a lot  of uncertainty in the markets right now. Recession fears may soon turn out to be true with oil prices already declining due to lower demand expectations. Investors need to remain cautious and invest wisely for the long term keeping in mind their financial goals.”

In another update, it was noted that the Robocash Group is pleased “to share the results for the six-month period of 2022.”

As the product line expands, the holding “increases issuance volumes while maintaining a low-risk profile.” The data is compliant “with the International Financial Reporting Standards (IFRS).”

Here are key group highlights:

  • The revenue for the period amounts to 214.9 M USD, up by 53.6%.
  • The net profit stands at 13.9 M USD, 9.7% less than the same period previous year. As the Group continues developing its eCommerce products in the Philippines, there is a decrease in net profit compared to previous periods. However, this effect stays strictly within the Management’s estimates, and the holding continues to show positive results.
  • Both total assets and total equity increased by +89.65% and +86.6%, respectively, compared to H1 2021.
  • From the end of 2021, the retained earnings have grown to 58.7 M USD, up by 71.6%.

Group milestones and achievements

  • Kazakhstan over-fulfilled the planned budget, exceeding group initial H1 net profit estimates by 409%.
  • The Group has launched the first ever medicine aggregator service in the Philippines called UnaPharma. The service allows customers to reserve medication for pick-up in any of the partnered pharmacies. Beginning now with reservations, in the future the company aims to offer same-day medicine delivery, a health hotline, online prescription services, and more.
  • The Group’s short-term loans service in the Philippines Digido.ph now offers a consumer credit line for returning customers. Filipino borrowers may now take longer-term loans with split payments.

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