Robocash investors earned €600k in interest last month
More than €600,000 (£522,090) was returned to Robocash investors in interest payments during the month of September.
By contrast, during the first six months of 2022, the platform’s investors earned €1.3m.
The European peer-to-peer lending platform has revealed that loans worth €14m were purchased last month. Furthermore, 594 new investors joined the platform.
In an update to investors, Robocash said that during September, “investors maintained their confidence in the platform with a slight decrease in transactions in the secondary market”.
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Last month, the platform reached the milestone of €60m in funds raised, while building its investor base to more than 27,000.
Over the summer, the group said it saw an average six per cent monthly increase in registrations, with Germany leading the number of investors.
Since launch, the group has funded more than €490m-worth of loans and investors have earned nearly €10m.
Robo.cash is a subsidiary of Robocash Group, led by chief executive Natalya Ischenko.
Ischenko recently told French blog Investisseur nomade that the group is currently eyeing new markets and planning to go public. She revealed that the alternative finance group is planning to launch a new company in Uzbekistan and to expand into Latin America this year.
Read more: Robo.cash passes €60m investment mark