The latest news about the platform Robocash and its results
The European Р2Р platform Robo.cash has been recently joined by a new loan originator LLP Z-Finance which provides short-term private lending in Kazakhstan. For the users of the platform, it means more opportunities to invest in short-term loans listed in euro with a repayment period up to 30 days and an expected interest rate up to 12% per annum.
Adjustment and continuous improvements of the business workflow and underwriting algorithms with a focus on the mentality of customers enable efficiency and expansion of the alternative lending business, proves the example of the European P2P platform Robo.cash and the affiliated loan originators which are united in an international financial group.
According to the recent findings on the investors' profile of the European P2P platform Robo.cash, despite women are less likely to invest and usually tend to consider investing in their 30s or 40s, their average investments are 40% more than men have.
The European p2p platform Robo.cash marks its results in six months of 2018 and highlights a significant milestone of €4 million attracted investments that facilitated funding of half a million loans which total size amounted to over €40 million. The gained results are believed to directly correlate with the growing interest in the alternative finance market.
The European P2P platform Robo.cash and one of the leading alternative lending companies in Kazakhstan LLP Zaymer expand partnership by delivering a new opportunity to investors of the platform - installment loans TezCredit with a repayment period up to 12 months and an expected interest rate up to 14.5% per annum.
Alternative lending observes a continuously increasing number of Millennials and Generation Z. According to the P2P platform Robo.cash, this tendency is supported by the interest of young investors in a simple and comfortable source of additional income and the positive experience gained at the existing peer-to-peer platforms.
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%.
On the 16th of March, Robo.cash contributed to the European conference LendingUP! speaking about complementary models and options of marketplace lending for enhancing the customer proposition. According to the financial experts of the traditional banking and P2P lending markets who gathered at the conference together, cooperation between banks and fintechs, smart automated and transparent solutions will stay in focus.
The investment service Robo.cash outlined the results of the first year in operation on the European P2P lending market: 2.000 investors from the EU and Switzerland invested over €3 million in the issue of 330 thousand short-term PDL-loans in Kazakhstan and Spain. The results and the platform dynamics are considered to prove the growing demand for complex automated solutions in the global alternative fintech.
The P2P lending is turning to a significant source of additional income for the growing number of the European investors. According to the research carried out by analysts of the platform Robo.cash, this occurs due to the rising share of young investors in the market.