Croatia-based peer-to-peer platform Robo.cash has passed its 10,000 investor milestone, just months after announcing that its loanbook had reached €100m (£83.25m).
Robo.cash also revealed that the geographic distribution has “changed significantly” over the past year, with German investors now making up more than a third (34.6 per cent) of its investor base.
Spanish investors make up 12.7 per cent of the investor base, with Bulgaria representing 5.7 per cent, Portugal at 5.3 per cent, and Italian investors responsible for four per cent of the platform’s lenders.
“Historically, P2P investments have been more developed in the north-east and central Europe,” said Sergey Sedov, chief executive of Robocash Group.
“Yet, based on our statistics, today, we observe a shift towards its other regions. Apart from the growing popularity of P2P throughout Europe, there may be other factors in each case. For example, in Bulgaria, the interest of investors in fintech can be fuelled by the rapid development of the segment. The country is an evolving fintech hub in Southeast Europe with the largest number of companies in the sector, 12 per cent of which focus on personal finance.
“Today, investments in P2P are available for any resident of Europe regardless of their experience, level of income and other factors. In the future, we can expect a wider presence of investors from other European countries on our platform as well.”
Over the past year, the number of Robo.cash users from Bulgaria increased 9.7 times, while there has been a more than threefold increase in investors from Italy and Spain.
Since it launched in 2017, Robo.cash has funded 1.5m loans totalling €146m.