Home Peer to Peer Lending Robo.money enjoys file August with €22m lent

Robo.money enjoys file August with €22m lent

Robo.money enjoys file August with €22m lent


Robo.money has reported that its traders funded €22m (£18.8m)-worth of loans in August – a file for the platform.

This compares to €19m invested in July and €17m in August.

“August got here to an finish with strong outcomes and essential modifications,” Robo.money mentioned in an replace on its web site. “Buyers bought a file €22m-worth of loans and 500 new customers joined the platform, the primary improve for the reason that starting of the summer time.”

Learn extra: Robocash Group posts $4m of income in first half

The European peer-to-peer lender added 508 new traders to its platform final month, up from 473 in July.

€749,000 was earned by traders in August, in keeping with the replace.

Robo.money additionally highlighted modifications to its loyalty programme, which got here into power on 28 August.

As Peer2Peer Finance Information beforehand reported, Robo.money has revised down the phrases of its investor loyalty programme, “to keep up the enterprise well being with out introducing extra measures to scale back attraction.”

It beforehand supplied an extra rate of interest bonus to traders on a tiered foundation, with customers capable of earn a bonus if they’d at the very least €5,000 of their portfolio.

This has now been altered so traders must have at the very least €20,000 of their portfolio to earn extra curiosity.

Learn extra: Robo.money debuts new portfolio possibility



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