The latest news about the platform Robocash and its results
A recent survey conducted by the P2P platform Robo.cash among European P2P investors has shown that transparency plays a key role for them. Thus, 40.7% of respondents said that they rely on this criterion when choosing a P2P platform for investing.
Due to recent changes in the legislation of Kazakhstan concerning microfinance activity, Robocash Group suspends operations of the loan originator LLP Z-Finance. From now on, lending services of the group in the country will be provided by LLP MFI Tez Finance.
Two months ago, investors of the P2P platform Robo.cash got an opportunity to invest in the offer of a Singaporean company of Robocash Group. During this time, they have funded 2.1 mln EUR of its loans, which is just over a fifth of the total investment volume on Robo.cash.
In February, the number of registered investors on the European P2P platform Robo.cash reached 10,000. Remarkably, last year the geographical distribution of its users changed significantly, due to a large influx of investors from Bulgaria, Spain, Italy and Portugal.
We are happy to announce the changes in the product line on Robo.cash! The loan originator from Singapore, Robocash PTE Ltd. has updated its offer of commercial loans. The products will be introduced on the platform gradually starting from February, 2020.
Analysts of the P2P platform Robo.cash have studied the profile of its users investing in long-term loans. Based on the platform’s statistics, they have revealed that most often, loans issued for a period of 12 months are chosen by investors aged 28-37 (41.9%).
Analysts of the P2P platform Robo.cash have identified the most likely trends for the further development of alternative lending in Europe. The most prominent include the increasing importance of the P2P sector in its mainland part, gradual creation of a pan-European space for crowdfunding and stronger cooperation of P2P platforms with banks.
On February 21, 2020, Robo.cash will celebrate its third anniversary. In anticipation of this event, we are announcing the start of a Cashback Campaign for our investors! Invest in loans from Singapore and receive a bonus of 1% already in March!
The fully automated P2P lending platform Robo.cash has summed up the results of its operation in the previous year. For the whole time, the platform has financed €140 million of loans. Out of them, €80 million were funded in 2019. Compared to 2018, it was a double increase in the financing volumes on Robo.cash.