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HomePeer to Peer LendingRobo.money traders earned €1.3m in first half of 2022

Robo.money traders earned €1.3m in first half of 2022


Robo.money traders earned €1.3m (£1.1m) throughout the first six months of 2022, whereas the quantity of bought loans reached €95.9m.

Greater than 3,700 new customers joined the European peer-to-peer lending platform within the first half of the 12 months.

Throughout a webinar to debate the platform’s newest financials, Natalya Ischenko (pictured), chief govt of Robo.money’s guardian firm Robocash Group, stated that the group has been targeted on sustaining its common month-to-month volumes and enhancing its product.

“We launched a brand new onboarding process that allowed us to scale back verification time to only a few minutes, and likewise be extra compliant with EU laws,” Ischenko stated.

Learn extra: Robo.money to decrease charges once more this month

“Our strategic objective is to develop into probably the most handy P2P platforms.”

Ischenko took over from former chief govt Sergey Sedov earlier this month. In the course of the webcast, she confirmed that Sedov stays within the group as chairman of the board committee.

Robocash Group has additionally just lately appointed a brand new chief finance officer, a chief funding officer, and several other regional administrators.

“All these adjustments are supposed to strengthen the group on the scale it has now and provides it a greater foundation for development and growth,” Ischenko added.

She additionally addressed the current resolution to decrease Robo.money investor returns.

“The rates of interest replicate the state of enterprise and the provision and demand ratio on the platform,” she stated. “Robo.money as a platform is performing efficiently, our portfolio now holds over €57m, and it’s rising steadily.

Learn extra: Robocash Group experiences 53.6pc income development for first half of 2022

“Robocash Group develops confidently and stays worthwhile via all collisions, which additionally backs flawless efficiency of the platform. As any enterprise, we have to keep environment friendly, and we see now as the proper second to regulate the rates of interest.”

The best problem to the platform’s success is “the end result of geopolitical and financial crises,” Ischenko added.

She confirmed that there are not any ongoing transfers between Robocash Group in Singapore and Russian firms, and Robocash doesn’t plan to renew transfers with Russia sooner or later.

Learn extra: Property lenders to be recognised in 4 business awards

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