Robocash achieved 227% annual growth in attracted funds
By Joy Dumasia
Robo.cash platform attracted € 42 Million of investments, exceeding last year’s figures by more than 3 times. The growth was also strengthened by several milestones that the company hit throughout the year.
Over the past year, the Robo.cash platform has grown significantly in several ways. Thus, since January, net deposits have increased more than 5 times and amounted to a record 4 Million euros in November. According to the latest survey among platform investors, 69% have Robocash’s share in the portfolio of up to 25%.
On average, 780 new investors have joined Robocash every month this year, and currently, there are more than 21,800 in total. Germany is traditionally the absolute leader in terms of geographical division.
Also, in September, the company reached a new milestone of 300 Million euros in funded loans. The fourth quarter was particularly marked, growing by 29% QoQ and confirming the general upward trend in the activity of P2P investors at the end of the year.
Sergey Sedov, the CEO of Robocash Group, said: “The results we have achieved this year show that our business model has perfectly adapted to the current economic conditions. We, in turn, will maintain the set level and continue to strive to provide investors with a favourable ratio of risk and profit.”
Robo.cash is a Croatia-based 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 that unites non-bank consumer lending companies in nine markets of Europe and Asia.
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