Around six years ago, the first loan on Robo.cash was purchased.
Robo.cash says it is pleased to celebrate this event and thank their investors for being with them.
As noted in a blog post by Robocash, here’s what have they’ve achieved over the years”
- 30,000+ investors from 29 countries
- €12 M returns earned
- €70M attracted investments
- €570 M worth of loans purchased
- 30+ team members of more than 10 nationalities
Nadezhda Vlasenko, Product owner of Robo.cash, said:
“Today is not just a platform day, but a day of innovation and teamwork. By launching Robocash, we wanted to contribute to the AI digitization of financial services, making them more convenient and simple. And we do this thanks to the team of enthusiasts and of course you. Now we intend to maintain the achieved results and build upon them with your ideas. We plan to improve the onboarding process for new investors, review investment strategies and more. So let’s do this together.”
In another update from Robo.cash, it was noted that 2022 saw the business sector expand by 76% compared to the previous year.
European P2P consumer lending “reduced the pace of growth.”
Last year, the most popular P2P segment of consumer lending “had reduced volumes.”
According to available data, the decline “was -25%.”
Platform analysts comment on the situation:
“The consumer P2P investment scheme is characterized by relative ease of use and the option of a fairly quick exit. This may have led to an accelerated outflow of funds during the market crisis.”
Funding for the real estate sector remained at the 2021 level of €700 M.
The analysts further noted:
“Obviously, against the backdrop of a pan-European rise in inflation, rising prices for energy carriers and other negative factors, the year was not the best in terms of the development of serious real estate objects.”
At the same time, business lending in the European market “has expanded and continues to grow.”
To date, the volume of the sector has reached €300 M.
The analysts also mentioned:
“As the main reason we see the tightening of the credit policy of the traditional banking sector and the growing wariness of venture investors. Venture capital funding for European startups has fallen by 25% in 2022. European business is increasingly eyeing the P2P market. The situation will only develop until the pan-European foreign policy conditions are finally stabilized.”