Сontinuing the series of articles about famous investors, today we will talk about the “father of modern finance”, Ph.D. and Nobel Prize winner in Economics Harry Max Markowitz.
Today, we are sharing the information on how our loan originators performed in the 3rd quarter of 2020.
Global trends suggest: P2P lending is getting closer to traditional banking in terms of volumes. The capitalization of banking (€ 7 trillion in the 2nd quarter of 2019) is still many times greater, but the sector is slow, which becomes one of the key factors stimulating the growth of its alternative counterpart. This makes banking be more attentive to the success of P2P lenders.
In the last three years, Robocash Group has shown sustainable growth and has developed significantly. Actions always speak louder than words, so today we are presenting the audited combined financial statements by KPMG International Cooperative to be more transparent to our investors.
The European P2P lending platform Robo.cash has found that the demand of investors for long-term loans offered by its Singaporean loan originator is rising. In August, the platform’s users funded €1.5 mln of these loans, which is twice as much as in June. This might mark a new trend among P2P investors.