Peer-to-peer lending platform Robo.cash issued a record amount of funding in November 2021, with €17m (£14.5m) of loans financed during the month.
The platform attracted another 796 investors across the month, bringing its total investment community to 21,110. The platform revealed that its investors earned €336,408 in interest payments during November.
The financing record represents the latest milestone for the Croatia-based platform.
Earlier this year, Robo.cash’s parent company Robocash Group said that it had exceeded its goal of doubling its lending volumes for the year. Its loan volumes were up 151.8 per cent annually at the start of November. Investors funded $547.3m (£407m) of loans during the first nine months of 2021.
Since then, the platform has introduced new rates for loans of up to 30 days of 10 per cent per annum, or 11 per cent for members of its loyalty program.
The lender now has no limit on minimum deposits, although the minimum amount for investment remains at €10.