Robo.cash rebounds after March dip
Robo.cash saw registrations, investor earnings and net deposits rebound in April, after a “predictable drop” in March.
The European peer-to-peer lender said that new registrations have grown by 28 per cent since March, with more than 3,000 new investors joining the platform since the start of the year.
Read more: Robocash Group hits 20m registrations in bumper first quarter
During the first quarter of 2022, average investor earnings also rose, with more than €1m (£860,000) paid back to investors during April and May.
Monthly net deposits also recovered in April. Over the past two months, the group of investors with a balance of €25,000 to €50,000 has grown by eight per cent, while the number of investors with a balance of €50,000 or more has grown by six per cent.
Read more: Robo.cash reaches milestone of 25,000 investors
“We believe that it’s essential to maintain the trust of customers through transparent and open communication,” said Dmitry Balakhnin, strategic communication director of Robocash Group, which owns the Robo.cash P2P lending platform.
“Active interaction with investors in the form of online sessions, as well as the publication of group reports helped us sustain the platform economy.
“While still on the way of recovering, we will continue to improve the product quality, taking into account both the needs of investors and the parent holding as a whole.”
Read more: P2P represents “most optimal investment” for 2022