European peer-to-peer lender Robo.cash is celebrating hitting the €200m (£180.58m) lending milestone.
The platform reached the milestone in December, marking the end of a record year for loans where it facilitated a record €9.2m of finance in November.
Sergey Sedov, chief executive of the lender’s parent company Robocash, said the platform has seen increased activity since the summer.
“Robo.cash has fared well in 2020, despite all the challenges,” he said.
“Though we experienced a slowdown in the second quarter, already in quarter three we began gaining back the momentum.
“Along with the general positive trend in P2P lending, we believe that the group’s increased transparency has bolstered the confidence of Robo.cash investors.”
Sedov said the platform will pursue “ambitious goals” this year.
It comes after Robocash postponed its planned initial public offering (IPO) until the second half of 2021 to explore its listing options, after profits for the first nine months of 2020 exceeded expectations.
The European peer-to-peer lending platform reported earnings of £16.2m for January to September 2020, up from a net profit of £12.72m for the whole of 2019.
Robocash was planning to launch its IPO on the Australian stock market in December to fund its launch of a digital bank in the Philippines, but said the better-than-expected financial results had prompted it to adjust its plans.