Robocash has advised traders that there will probably be no imminent modifications to the platform’s mortgage volumes, following investor considerations a couple of lack of latest funding alternatives.
In a brand new replace, the Croatia-based peer-to-peer lending platform stated that it onboarded 321 new traders in September, with €20m (£16.77m) invested over the course of the month.
Traders earned roughly €730,000 in curiosity in September.
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The platform addressed the mortgage quantity considerations within the replace, stating: “We perceive that a lot of you will have inquiries relating to updates on mortgage quantity.
“In the interim, we count on to take care of the position of latest loans on the present ranges. We’ll maintain you knowledgeable promptly if there are any modifications.”
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Earlier this yr, Robocash stated that it deliberate to proceed working in 2024 with “average mortgage volumes” and can concentrate on growing its consumer companies.
The agency famous that in 2023, the variety of new platform customers amounted to five,900 which marked a lower year-on-year. Robocash stated that the lower in registrations was largely attributed to the mortgage provide.
Regardless of this, final yr the entire quantity of loans financed by Robocash reached €700m, and the platform reported no defaulted loans and no late funds.
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