Investment platform Robocash has announced that new rates “will apply to loans from 91 days to 3 years.”
As most businesses of Robocash Group have currently achieved self-sustaining state, they are reportedly “reducing interest rates on several loan terms and do not plan to increase the volume of the placed loans in the near future.”
Check here for the breakdown effective from February 8, 2023.
Natalia Ischenko, CEO of Robocash Group, said:
“Thanks to the management efficiency and commitment to the business priorities, our companies have reached a solid level of development. At the moment, there is no need for a large financing from the platform, especially in the 1st half of this year. However, the launch of new countries and products will increase the Group’s needs for additional funds. Seeing this, we have decided to lower rates and temporarily reduce the supply on the platform. We constantly monitor the market situation, but this is primarily our business decision to contain the cost of attracting funds in the prospects for future growth, as well as short-term profits. In the meantime, the platform team will focus more on improving the service.”
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In another recent update, the team at Robo.cash has explained how to withdraw money, reinvest bonuses and sell on the secondary market.
Some of their new investors were wondering how “to buy or sell loans on the secondary market, how to withdraw money and how to reinvest bonuses.”
Robocash says that they are committed to continuing to onboard and explaining everything in detail in this update.
According to a Robocash survey, P2P investments confidently “remain popular among respondents with an average income.”
At the same time, the share of investors with large portfolios “is growing, reaching 35%,” the team at Robo.cash has revealed.
At the end of 2022, investors with income from 2 to 5,000 Euros still “make up half of those surveyed on the platform.” The share of respondents “with earnings of more than 10,000 euros increased by 2%.”