Robo.cash passes 20,000 investors milestone
Robo.cash has passed the milestone of 20,000 investors after 800 new lenders joined the European peer-to-peer lending platform this month.
The total number is now at 20,196 and the average investment sits at €4,034 (£2,925), which is 21 per cent more than at the beginning of the year.
The majority of Robo.cash investors are from Germany (28 per cent) followed by Spain (16 per cent) and Italy which ranked in third place with six per cent, displacing Bulgaria, which was placed in third last year.
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The platform said this year the net deposited funds of customers from France, Holland, Great Britain and Estonia has grown especially.
In terms of funds the largest group is investor portfolios of €25,000 or more (diamond group), which represents a rise from July when the portfolios from €1,000 to €5,000 ranked top.
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“Current statistics show that investors use small sums to get acquainted with the platform and gradually build up their balance,” said Grigorii Shikunov, deputy chief financial officer of Robo.cash.
“This definitely speaks of the growth of trust in the company. In turn, customers are actively expanding their portfolio to obtain diamond status because it represents a very favourable combination of profitability and reliability.”
Portfolios with a balance of more than €25,000 occupy the first position in net deposits and in total, investors have earned more than €4.4m.
In September, the platform revealed that it funded €3.3bn in loans from January to August this year – more than the GDP of some countries.