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Robo.cash funded loans reach EUR 150 mn

In March, the Robo.cash lending platform achieved a new milestone – the volume of loans financed through the platform has risen to EUR 150 million in total. A month ago, the Croatia-based peer-to-peer (P2P) platform  announced that the number of its investors had reached 10,000.

The achievement of the latest milestone was accelerated by the recent introduction of new loan originators on the platform. Seeing the continuous increase in investor demand at the end of last year, Robo.cash integrated with a Singapore-based holding company Robocash Group, which offers commercial loans designed to support the business of the group in Southeast Asia. At the beginning of March, the platform introduced another loan originator, LLP MFI Tez Finance from Kazakhstan, providing short-term consumer loans. Since the integration, the new loan originators have placed EUR 5.7 mn worth of loans on the platform.

Sergey Sedov, CEO Robocash Group, said: “Despite the challenging circumstances in the financial markets and certain unrest among investors, we continue our activities. Robo.cash operates within the financially stable and profitable holding Robocash Group. Our lending volumes still maintain the growth, although there has been a slight slowdown in individual markets in March due to the quarantine, which resulted in lower borrower demand. Nevertheless, we have big plans to grow and enter new markets this year and hope that investors will keep supporting us in this direction. In our turn, we still secure their investments with a 100% buyback guarantee and a group guarantee in case of commercial loans.”

Since the launch of Robo.cash in 2017, the number of loans financed by its users has amounted to 1.57 mn. In total, investors have earned EUR 1.62 mn.

Robo.cash is a fully automated P2P platform with a buyback guarantee on investments operating within the European Union and Switzerland. Launched in February 2017, the platform belongs to the financial holding Robocash Group, which operates non-bank consumer lending companies in seven markets in Europe and Asia.

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