Investment Platform Robocash Reports €21 Million in Loans Funded in November 2022

The New Year holidays are rapidly approaching. While you are making a gift shopping list, investment platform Robo.cash shares the key results from November.

As noted in the update from Robocash, investors “bought loans in the record amount of 21M euro.” 696 P2P enthusiasts reportedly “joined Robocash in November.”

Investors’ earnings amounted to 657,000 Euros, the team at Robo.cash revealed.

During the month of November 2022, there was a live broadcast with the CEO and CFO of Robocash Group. The firm hosted a webcast on business updates for 9 months of 2022.

Nadezhda Vlasenko, Product Owner of Robocash, shared “the latest news and upcoming plans of the platform in a conversation with the Enqome team.”

Robo.cash Founder & CEO Sergey Sedov has also talked about his professional experience and what it “means to invest with Robo.cash.”

As covered, Robocash analysts give their forecasts for the seasonal activity of investors.

Sergey Sedov has shared:

“Robocash operates as part of a financial group and all creditors on the platform belong to it. Now we have 5 originators from Spain, Kazakhstan, Singapore, Philippines and Sri Lanka. Each of the business companies has their own high-quality scoring designed completely in-house and continuously improved. At the moment, the default rate at the Group level is maintained at 13%, which is within the markets. Thanks to the Group support and careful assessment of borrowers, we provide the platform with quality loans.”

He explains:

“Whenever we plan to integrate a new lender into the platform, we make sure that the company is stable and efficient enough, since it is important for us to secure investor funds in the first place. For example, we started issuing loans from Sri Lanka in March of 2022 to support a growing business in that country. With the economic default followed by mass protests in the country, we have put the placement of loans on pause until the situation further stabilizes.”

He further noted that the Group plans “to expand further in Asia as well as Africa and South America.”

He pointed out that as soon as they are sure that their financial model fits the local market, they “will launch and sustain all processes.” And then, they “will be ready to consider adding new investments to the platform.”

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