Robo.cash achieves 223 per cent annual rise in lending
Robo.cash has reported a 223 per cent year-on-year rise in lending.
The European peer-to-peer lending platform said it reached €17m (£14.2m) of loans funded in January.
The platform revealed in its latest update that Robo.cash lenders earned €431,000 last month and 980 new investors signed up.
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It comes after Robo.cash reached its 22,000 lender milestone in December and a record €544,000 was earned by the platform’s investors.
Prior to this in November, the platform issued a record amount of funding (€17m) and attracted another 796 investors.
Read more: A fifth of European P2P investors work in IT
It marks a busy period for the platform.
Robo.cash achieved 227 per cent annual growth in investment volumes last year, with the platform attracting €42m of investments, exceeding the previous year’s figures by over three times.
On average, 780 new investors joined Robo.cash every month during 2021.
Read more: Robo.cash cuts interest rates on short-term loans