Croatia-based peer-to-peer lending platform Robo.cash has attracted €15m (£12.78m) in accumulated investment following six months of sustained growth.
During the month of March, Robo.cash received €1.6m of investment, which the platform said “corresponds with the accelerated pace of the investment observed since last year.”
Net deposits on Robo.cash grew by 46 per cent quarter-on-quarter, in the first three months of 2021. The number of new investors in the first quarter of the year grew by 139 per cent, quarter-on-quarter.
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“We have been observing a shift in the values of P2P investors in the past months,” said Sergey Sedov, chief executive and founder of Robo.cash.
“P2P was initially seen as a high-risk investment with big returns. However, during the crisis last year, some platforms set it as their priority to build trust with their investors and lower risks for investors, and these platforms are now amongst the winners of the crisis.
“Building clear and efficient communication with investors is the key here. Meanwhile, audited financial reports of the loan originators or the platform itself are probably the best proof that it is solid.
“We see changes in the industry and stay responsive to them to keep growing.”
Robo.cash now plans to attract €13m of investment across the whole of 2021.