Robocash Group – the father or mother firm of Croatia-based peer-to-peer lending platform Robo.money – has reported a 127.8 per cent revenue improve for the primary 9 months of 2022.
Web income have risen to $43.5m (£37.63m) whereas the group has earned $346.8m in income over the identical interval, representing a 54 per cent year-on-year rise.
Throughout the first three quarters of 2022, the Robocash Group issued loans to the worth of $881.7m, a 61.1 per cent improve on the identical interval of 2021.
Learn extra: Robocash highlights profitability and safety of P2P investing
The corporate’s administration stated that this stellar year-to-date efficiency was attributable to “numerous optimisations in enterprise processes throughout native markets”.
Spain and Kazakhstan had been significantly worthwhile markets, outperforming the group’s expectations considerably. This was primarily attributable to enhancements within the assortment course of and higher portfolio efficiency, Robocash stated.
“After we talked about our outcomes for [the first half of] 2022, enhancing the group mortgage portfolio was one of many key areas of focus for the rest of the yr,” stated Robocash Group chief government Natalya Ischenko.
Learn extra: Robo.money provides mortgage originator from the Philippines
“Now, just a few months later, we will observe the outcomes of this resolution, having already exceeded the Group’s plan for internet revenue in 2022 by 31.7 per cent.
“Now we attempt to take care of this momentum. We are going to proceed to develop our energetic consumer base, each in quantity and high quality. Naturally, we can even maintain an in depth eye on the product unit economics.”
Learn extra: Robo.money buyers earned €1.3m in first half of 2022
