Robo.cash reaches 22,000 lenders
In December, Robo.cash reached its 22,000 lender milestone and a record €544,000 (£454,825) was earned by the European peer-to-peer lending platform’s investors.
The platform welcomed 915 new investors last month and its lenders funded €18m in loans.
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“Thanks to you, we have made 465 more new friends, and together we have reached the mark of 22,000 investors,” Robo.cash said in a blog on its website.
“There couldn’t be a better Christmas present!”
In November, the platform issued a record amount of funding (€17m) and attracted another 796 investors.
Towards the end of last year Robo.cash updated it payment dates on long-term loans and interest rates on short-term loans.
From 16 December, investors who had purchased long-term loans for a period of 90 days and longer began receiving monthly interest payments every 30 days.
Furthermore, from 25 November, the new interest rates on short-term loans for up to 30 days were changed to 10 per cent, 10.5 per cent for loans from 31 to 60 days and 11 per cent for loans from 61 to 90 days.