Robo.cash posts 227pc annual growth in investment volumes
Robo.cash achieved 227 per cent annual growth in investment volumes in 2021.
The European peer-to-peer lending platform attracted €42m (£35m) of investments, exceeding the previous year’s figures by over three times.
On average, 780 new investors have joined Robocash every month during 2021 and currently there are more than 22,000 in total.
Read more: End of the year boosts European P2P investment activity
Since January, the platform saw its net deposits rise by more than five times and amounted to a record €4m in November.
Also, in September, Robo.cash reached a new milestone of €300m in funded loans and saw a 29 per cent rise in funded loans from the third to fourth quarter.
69 per cent of Robocash lenders have a portfolio share of up to 25 per cent.
Read more: Robocash broke financing record in November
“The results we have achieved this year show that our business model has perfectly adapted to the current economic conditions,” said Sergey Sedov, chief executive of Robocash Group, said in a blog on the platform’s website.
“We, in turn, will maintain the set level and continue to strive to provide investors with a favourable ratio of risk and profit.”
In December, Robo.cash reached its 22,000 lender milestone and a record €544,000 was earned by the platform’s investors.