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European peer-to-peer (P2P) investment platform Robo.cash announced on Wednesday it accumulated €15 million in investments during March 2021. Robo.cash reported the achievement was preceded by the ongoing growth it has experienced throughout the past six months.
Founded in 2017, Robo.cash describes itself as a fully automated investment platform operating within an international financial group comprising loan originators from Spain, Russia, Kazakhstan, Indonesia, Vietnam, and India.
“The platform works according to the ‘peer-to-portfolio’ model which involves an opportunity to invest in the loan portfolio of the affiliated lenders with higher returns and a complete buyback guarantee on assets.”
Robo.cash reported that in the past six months its platform has experienced significant growth and set several records, which includes attracting €1.6 million in March alone, which corresponds with the accelerated pace of the investment observed since last year. In the first quarter of 2021, the net deposits on Robo.cash grew by 46% quarter-over-quarter, and the number of new investors skyrocketed, gaining 139% quarter-over-quarter. Sergey Sedov, CEO and Founder of Robo.cash, further explained:
“P2P was initially seen as a high-risk investment with big returns. However, during the crisis last year, some platforms set it as their priority to build trust with their investors and lower risks for investors, and these platforms are now amongst the winners of the crisis. Building clear and efficient communication with investors is the key here. Meanwhile, audited financial reports of the loan originators or the platform itself are probably the best proof that it is solid. After publishing our audited financial statements in Q3 2020, the amount of loans funded through the platform has grown by 27% QoQ by Q1 2021. We see changes in the industry and stay responsive to them to keep growing.”
Robo.cash added that in 2021, it plans to attract €13 million of investment.
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