After a “quiet” February, Robocash slightly increased volumes and continue “to provide you with a stable income.”
The platform has reportedly “exceeded 600 M euros of purchased loans since the launch of Robo.cash.”
Changes in the Refer a Friend Program
From March 10, 2023, the conditions of the Referral Program “have changed.” Now both parties – you and your friend – “receive a bonus of 0.5% of the invested amount of the invited participant on the 31st day after your friend registers.” You can find “the full terms & conditions in the documents section.”
If you have not yet decided which investment strategy to choose on the platform, you can review their video tutorial to learn more. They have explained in detail “the pros and cons of investing in short-term and long-term loans.”
For those who actively follow the P2P market, Robo.cash have “compiled statistics on how much funds the platforms have raised through funding rounds over 17 years.”
Robocash has looked into whether 5 years of passive investing can help you get a house. They tried to figure out the calculations and suggested a couple of approaches in their new review.
In another update on financial literacy, they looked at inflation “from the point of view of investment and told what to expect and how to use it for good.”
Robo.cash also mentioned that they “continue to actively work on the service to make it even easier and more convenient.” Soon, they will “announce another investment strategy that will help you combine different approaches to financial management.”
In another update shared by Robo.cash, it was noted that 70% of continental European P2P platforms are “registered in countries with the largest economies in Europe by nominal GDP.”
As mentioned in a blog post, the top three leaders in the continental European P2P sector are France, Germany and Italy.
Currently, 41% of P2P platforms “are registered here.”
Robocash analysts comment on statistics:
“The high number of platforms in these countries reflects the size of the local economies, which are the largest on the continent.”
The second group is “made up of the Netherlands, Spain, Switzerland and Estonia. Almost 30% of the continental platforms belong to them.”
Platform analysts added:
“Switzerland, the Netherlands and Spain lag behind the leaders, again due to the smaller size of their national economies. Interestingly, in Estonia, as well as other Baltic countries, the P2P industry development is ahead of the national economy. Many platforms here initially have a cross-border nature, that is, they are focused not only on the domestic market, and, as projects, are highly attractive among European investors.”
The third group is “closed by countries that are not developed in terms of P2P due to legislative restrictions and other reasons.”
This includes Poland, Romania and Türkiye.
In total, 424 European P2P platforms “from 30 European countries were included in the sample.”
The sample does “not pretend to be a complete representation of all companies operating in the P2P industry in continental Europe, but it looks quite sufficient to state the main conclusions on the geographical situation on the market.”