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Peer2Peer Finance News | August 17, 2019

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Robocash finds P2P investors are boosting their funds after just one month

Robocash finds P2P investors are boosting their funds after just one month
Marc Shoffman

PEER-TO-PEER investors on Robo.cash are boosting their contributions after just one month of lending, the European P2P lending platform has found.

Analysis by the Latvia-headquarter firm has found that the average investment increases by 30 per cent after the first month of investing and by another 10 per cent after the second month.

It found investors allocate on average €1,059 (£906) during the first month after registration.

Next month, the typical investment volume increases to €1,391 and after two months of investing it grows by another 10 per cent, rising to €1,531.

Read more: Robo.cash welcomes new loan originator

Read more: Millennials dominate European P2P lending

“Investors tend to increase the volume of invested funds after making sure that a P2P platform is reliable,” Sergey Sedov, chief executive of Robocash Group, said.

“Our survey confirmed that they pay much attention to it.

“Another reason for investing less at the start is that investors tend to diversify their portfolios and try different platforms to see how they work.

“According to our data, 64 per cent of investors use five or more platforms, whereas only five per cent use just one.”

The firm lets investors across Europe fund short-term consumer loans in Spain, Russia, Kazakhstan and the Philippines.

It also recently entered the Islamic finance market in Indonesia.