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Shortage of loans has been an issue for several P2P platforms and now it seems to have hit Robocash too.
This morning I noticed that 327€, about 10% of my Robocash portfolio, was not invested. I checked the “Available loans” site and for the first time the list was empty… (!)
Why is it happening?
Is the amount of loans decreasing in general or does it happens because more investors join the platform? I never hesitate to reach out to support when I have questions and this is the answer I got.
I was planning to add more funds to Robocash in November. My first goal is to reach 5.000€ and I’m still 2.000€ short of that. So far, my investing experience with Robocash has been flawless. Actually, it has been the best investing experience between all P2P platforms until now. However, if not enough loans are available, then why invest more money? That would only lead to cash drag and frustration.
I hope they are able to provide more loans in a short period of time. I’m not a fan of cash drag. It’s too early to conclude anything yet though, it’s only been two days since the portfolio manager was able to pick up loans. Maybe everything is reinvested again tomorrow, who knows? I’ll keep you updated in the monthly portfolio update on November 1st.
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