The latest news about the platform Robocash and its results
A recent survey conducted by the European P2P platform Robo.cash shows that nearly half of P2P investors take a platform's business model into consideration, especially during the crisis. In particular, 42.8% of them are more confident in those operating within a group of companies.
We share the latest news about loan originators presented at Robo.cash and the status in their countries of presence, so that you are aware of the current situation.
According to a recent survey completed by the P2P platform Robo.cash dedicated to the financial results in 2019, over half of European P2P investors said that the alternative lending brought them the highest returns last year. The company expects that despite the coronavirus pandemic, the segment will keep the leading positions in 2020.
On April 7, 2020, CEO and Founder of Robocash Group and Robo.cash Sergey Sedov held a webcast for investors. Below, we provide a summary of its key points.
On April 7th at 13:00 CET, Founder and CEO Robocash Group Sergey Sedov will hold a live webcast for investors.
A month ago, the European P2P platform Robo.cash announced that the number of its investors reached 10,000. In March, it achieved a new milestone - the volume of loans financed through the platform increased to €150 million in total.
As today, most countries of the world have been exposed to the COVID-19 pandemic, this has led to uncertainties in the economy and raised many questions among investors. Given this, we would like to address the situation and provide an update on what impact it is having on our business.
While financial markets are experiencing instability due to the coronavirus epidemic, it seems that European P2P investors have not been affected by the situation. According to a poll of the P2P platform Robo.cash, 76.4% of them continue investing as before, without making any changes to their portfolios.
From today, we are increasing interest rates for investors to 14% for all products on Robo.cash - both consumer and commercial loans of any maturity. All the current available loans will be offered with the new interest rate as well. We recommend our investors to update portfolio settings accordingly.
The extended product line from Singaporean company Robocash PTE Ltd. announced in February is already available on our platform! Now, investors can choose different types of commercial loans from this loan originator to invest in: with the maturity of 90 days at 10%, 180 days at 10.5% and 365 days at 11%!