Croatian peer-to-peer lender Robo.cash shared company statistics, which highlight the social and geographic changes of investors and their response to the growing potential of the market.
The Robo.cash platform has “significantly expanded its active investor base in 2021, representing growth of over 70%,” the company revealed. In addition to engaging a larger user base, Robo.cash notes that the market continues to “penetrate various segments of society”. For example, the share of women investors on Robo.cash (among registered customers) “increased from 20% in 2019 to 34% in 2021”.
The company also said there was “more active involvement of the younger generation”. Currently, the share of Gen Z investors has “reached 4%,” the company noted while adding that the share of millennials is “down slightly from 52.2% in 2019 to 51%. in 2021 “.
As mentioned in the update, there have been “key geographic changes in the P2P market”. Thus, the share of German investors on the Robo.cash platform “has decreased by 7% since 2019 due to the activation of the rest of European investors”. Since 2019, the share of Spanish and Italian investors has “increased by 5% and 2% as a result,” the Robo.cash team revealed. They also noted that France “gained more than 3% and entered the top five, beating Portugal”.
The update added:
“As statistics from Robo.cash show, European P2P loans are now an integral part of a growing number of people from various social groups. Despite the obvious increase in the number of active P2P investors on the platform, it is still too early to talk about reaching the pre-crisis level of the P2P market as a whole, but investor confidence, in fact expressed in monetary terms, is definitely recovering steadily. . “
As a cover, Robo.cash recently shared the performance of its loan originators for the third quarter of 2021.
The Robo.cash team wrote in a blog post, dated November 2, 2021, that today they are updating clients on the results of Robo.cash loan originators in the third quarter.
UnaPay continues to “maintain the focus on product development and steadily increases revenue since the start of the year,” the report revealed.
Thus, the firm was able to:
- increase the principal issued in the third quarter of 2021 by 270% compared to the second quarter.
- increase the number of registrations for T3 by 74%.
For updates on other supported regions, click here.