Analysts of the P2P platform Robo.cash have studied the profile of its users investing in long-term loans. Based on the platform’s statistics, they have revealed that most often, loans issued for a period of 12 months are chosen by investors aged 28-37 (41.9%).
The second place among these users is taken by the age group from 38 to 47 years old (29.5%), and the third place – by investors aged 48-57 (12.9%). Less commonly such loans are preferred by users in the age of 18-27 (11.3%), 58-67 (3.1%) and 68 and older (1.3%). One of the possible reasons is that these age categories may include students and retirees who do not have regular income and thus are more interested in liquidity of funds, which can be accessed at any time.
“Initially, our P2P platform Robo.cash was offering its users investments in short-term consumer loans only. One year after its launch, in 2018, we diversified the investment opportunities bringing instalment loans from Kazakhstan. Last year, we added commercial loans from Vietnam for 180 days and from Singapore for 12 months. Today, 23% of our active users have invested in long-term loans at least one time. Interestingly, 82% of them have been investing with us for more than a year. This means that over time, these investors have seen the value of long-term opportunities and recognized the need to diversify the portfolio. Apparently, diversification is not the only benefit for them. With the growing demand for short-term loans, such investments have become a good alternative to keep money working nonstop for a long time,” – commented Sergey Sedov, CEO of Robocash Group.
Robo.cash is a Croatia-based fully automated P2P platform with a buyback guarantee on investments operating within the European Union and Switzerland. Launched in February 2017, the platform belongs to the financial holding Robocash Group that unites non-bank consumer lending companies in seven markets in Europe and Asia. As a part of the group, Robo.cash works according to a “peer-to-portfolio” model providing an opportunity to invest in consumer and commercial loans issued by the affiliated companies. For the time of operation, it has attracted over €9 mln of investments, which has allowed to finance €140 mln worth of loans.