Robo.cash outlined its results in Q1 2018
The European peer-to-peer lending market preserves the increase of volumes and the growing interest in the investments of this kind, that is supported by the results of the fully automated investment platform Robo.cash in the first quarter of 2018: as compared with the fourth quarter of 2017, the number of investors increased by 44% and the volume of financed short-term loans grew by 18%.
Robo.cash summarized results of its work in the first quarter of 2018. With new 704 investors who joined the platform in the period, the increase in the number of users grew by 44% in contrast to Q4 2017. By the end of March 2018, the service had 2,262 registered investors. The first place is kept by investors from Germany (51.2%). The top five countries also comprise Spain (6.7%), Austria (4.6%), the Czech Republic (4.5%) and the United Kingdom (3.7%).
This list can be primarily explained by the level of knowing the marketplace lending and experience accumulated by people. Obviously, the existence of special legislation or active formation of the sector directly contribute here, what is clearly demonstrated by the example of the Czech Republic. According to the CCAF, the volume of the Czech market amounted to €31.4 million in 2016 outrunning Austria with its result of €21.6 million.
The figures gained by the fully automated investment platform Robo.cash confirm the retaining positive dynamics and growing interest in p2p lending in the European market. In the first quarter of 2018, investors financed more than 132,900 instant PDL-loans which size amounted to more than €10.8 million that is 18% more than the result of Q4 2017.
At the same time, the company notes that the results of Q1 2018 also surpassed the figures of the most successful third quarter last year: the number of investors increased by 30% and the volume of financed loans grew by 47%.
With the sum of attracted investments equivalent to €3.6 million, the overall volume of short-term loans financed by investors of Robo.cash, which were issued by the affiliated credit companies of the financial group in Spain and Kazakhstan, exceeded €30.9 million since the launch of the platform in February 2017. In total, investors earned more than €228,000.