ROBO.CASH raised € 2,5 Mln in 2017
The alternative lending platform ROBO.CASH specialized on the fully automated investments in short-term loans started its work in Latvia in February 2017. According to the results of its work in 10 months, the platform has attracted more than 1.500 investors and over € 2,5 million.
Throughout the whole period, Robo.cash marked the continuous growth of the sum of attracted investments and it is closing the year with the amount over € 2.520.000. The current average sum of investments is € 2.900 per investor.
More than 1.500 investors from 28 EU-countries have joined Robo.cash in 10 months, i.e. on average 5 new investors daily. The greatest number of investors come from Germany (50,5 %). The TOP-10 countries are represented by Spain (7,2 %), the Czech Republic (6,1 %), Austria (4,6 %), Latvia (3,9 %), Portugal (3,6 %), the United Kingdom (3,3 %), Netherlands (2,7 %), Lithuania (2,3 %), Estonia (1,6 %).
In total, investors earned €125.000 having financed more than 250.000 short-term PayDay loans issued by the affiliated credit companies in Spain (Prestamer.es) and Kazakhstan (Zaimer.kz). The latter has the prevailing volume within the given number. This is supported by a five-time grown amount of issued Kazakh loans in comparison to the previous year.
Sergey Sedov, the founder and CEO of the investment service commented on the results:
"Robo.cash has become a serious player in the p2p market and the fintech community. Today we are focused on scaling our existing directions in Kazakhstan and Spain, as well as integrating the platform with the Russian online lender Zaymer.ru. This year has revealed a great demand on the automated investments in the growing p2p lending market. At the same time, from the point of view of the regulation, the coming 2018 promises to become significant for all the participants globally."