Home Peer to Peer Lending European platforms see September slowdown

European platforms see September slowdown

European platforms see September slowdown


Robo.money and ViaInvest have reported a dip in funding in September, after a bumper August.

Croatia-headquartered Robo.money stated that €17m (£14.7m) was invested into its platform final month, down from a report €22m of loans funded in August.

“Peer-to-peer investor exercise is slowing down in September,” it stated in a weblog publish on its web site.

The platform added 394 traders final month, down from 508 in August.

€735,000 was earned by traders in September, down from €749,000 the earlier month.

September was a busy month for Robo.money, as it lowered its rates of interest and its mum or dad firm rebranded to UnaFinancial.

In the meantime, Latvia-based ViaInvest stated that its traders funded €7,196,618-worth of loans in September, down from €7,391,852 in August.

Nevertheless, ViaInvest added that its mortgage originators “are actively engaged on gross sales, providing much more alternatives for traders to have interaction and probably improve their earnings.”

Learn extra: Twino and VIA SMS Group launch three way partnership within the Philippines

ViaInvest added 464 traders final month, down from 518 in August, bringing its whole to 35,999 registrations.

“Moreover, with our referral program in place, we’re optimistic that our neighborhood will proceed to broaden as members introduce new traders to our platform,” it stated.

Learn extra: ViaInvest hires new danger director, debuts new choices



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