Robo.cash attracts €15m loan investment in October

Croatia-based peer-to-peer lending platform Robo.cash reported that investors bought €15m (£12.9m) worth of loans last month.

There were 641 new investors onboarded to Robo.cash in October, and investors saw returns worth €653,000 during the month.

Last month, Robo.cash also onboarded a new sender from the Philippines. Digido offers consumer loans of up to 12% per year. All loans are accompanied by ‘repurchase’ and ‘group’ guarantees.

Read more: Robo.cash adds a loan originator from the Philippines

The results come as parent company Robocash Group last month revealed a 127.8% increase in profit for the first nine months of 2022.

Net profit reached $43.5m (£37.63m) while the group achieved revenue of $346.8m in the same period, an increase 54% year over year.

During the first three quarters of 2022, the Robocash Group issued loans worth $881.7 million, an increase of 61.1% compared to the same period of 2021.

Read more: Robo.cash investors earned 1.3 million euros in the first half of 2022

Robo.cash is currently running a one percent cashback campaign for those who deposit and invest funds by November 7th.

Read more: Robo.cash adds a loan originator from the Philippines

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