Robo.cash has reached a new milestone having generated over €2m (£1.8m) for its investors since 2017.
In total, the European peer-to-peer lending platform has attracted 11,841 investors who have funded over €185m worth of loans.
In 2020 alone, investors of the platform earned €429,000.
This year, the highest income generated from each loan originator on Robo.cash was from Spanish and Singaporean companies.
Investing in these loans, users of the platform earned €147,000 and €100,000 respectively. Loans from Vietnam and Kazakhstan have generated over €90,000 of profit each.
Despite the crisis this year, Robo.cash users continued investing and making income.
After a challenging start of the year, in the third quarter the volume of loans funded through the platform grew by 60 per cent and the amount of deposits rose by 86 per cent from the second quarter.
Read more: Robocash plans Asian expansion
“We see that investors’ interest and confidence in P2P lending are increasing again, and the segment is on the way to recovery,” said Sergey Sedov, founder and chief executive of Robo.cash.
“Earlier in June, we predicted that the European market would resume its growth in summer.
“According to the statistics, in the third quarter 2020 the amount of loans funded through the local P2P lending platforms indeed gained 34 per cent in comparison to the second quarter, confirming this forecast.
“The statistics of Robo.cash also coincides with this trend. Seeing such a tendency, we are confident that the industry will continue growing this year.”
This follows Robo.cash reporting increased initial investments from P2P investors in July.
During the same month, a survey from the platform revealed more than a third of P2P investors in Europe believe the market will recover by the end of the year.