Robo.cash has welcomed over 3,000 new investors this year to hit the 25,000 milestone this month.
The European peer-to-peer lending platform said on average about 600 people a month have registered on its marketplace since January, with the majority coming from Germany, Spain and France.
Robo.cash said it onboarded almost 1,000 investors in January, and in May the platform reached a new milestone of 25,000 investors in total.
The platform also achieved the lending milestone of €400m (£340m) in March.
Robo.cash said in the first quarter of 2022 the average earnings for investors increased by 69 per cent year-on-year. Robo.cash investors have earned over €7m since the platform’s 2017 launch.
“Since the beginning of this year, we have had many challenges in the countries where we operate,” said comments Natalya Ischenko, chief operating officer of Robocash Group.
“Our main goal was to maintain a quality service for investors, while keeping a balance with business needs, which we managed to do.
“In March, we achieved a milestone of €400m in funded loans. With the current dynamics, we expect to reach a new pillar in the next six months.”
Robo.cash funded €15m in loans for the third consecutive month and welcomed 580 new investors in April.
Separately, in a blog on its website, Robo.cash revealed that chief financial officer Grigorii Shikunov told investors in a webinar earlier this week that the platform is seeking to become regulated.
“The process of implementing regulation is a necessary step,” Shikunov said.
“We will be ready to comply with the regulation when it is accepted, because we are sure that it will increase investors’ trust in crowdlending and simplify the operation of P2P platforms. Once we find a suitable option for regulating our business model, we will of course use it.”