European peer-to-peer platform Robo.cash has reached a milestone of €150m (£134m) of loans being financed through the platform.
The lending milestone comes just one month after the Croatia-based P2P platform announced that the number of its investors reached 10,000.
“Despite the challenging circumstances in the financial markets and certain unrest among investors, we continue our activities,” Sergey Sedov, chief executive at Robocash Group.
“Robo.cash operates within the financially stable and profitable holding Robocash Group.
“Our lending volumes still maintain the growth, although there has been a slight slowdown in individual markets in March due to the quarantine, which resulted in lower borrower demand.
“Nevertheless, we have big plans to grow and enter new markets this year and hope that investors will keep supporting us in this direction.
“In our turn, we still secure their investments with a 100 per cent buyback guarantee and a group guarantee in case of commercial loans.”
Seeing the continuous increase in investor demand at the end of last year, Robo.cash integrated with Singapore-based holding company Robocash Group, which offers commercial loans designed to support the business of the group in Southeast Asia.
Read more: Robocash enters Singapore P2P loans market
At the beginning of March, the platform introduced another loan originator, LLP MFI Tez Finance from Kazakhstan, providing short-term consumer loans.
Since the integration, the new loan originators have placed €5.7m worth of loans on the platform.