Robo.money has reported that its buyers funded €22m (£18.8m)-worth of loans in August – a report for the platform.
This compares to €19m invested in July and €17m in August.
“August got here to an finish with stable outcomes and necessary adjustments,” Robo.money mentioned in an replace on its web site. “Buyers bought a report €22m-worth of loans and 500 new customers joined the platform, the primary improve for the reason that starting of the summer time.”
Learn extra: Robocash Group posts $4m of earnings in first half
The European peer-to-peer lender added 508 new buyers to its platform final month, up from 473 in July.
€749,000 was earned by buyers in August, in accordance with the replace.
Robo.money additionally highlighted adjustments to its loyalty programme, which got here into pressure on 28 August.
As Peer2Peer Finance Information beforehand reported, Robo.money has revised down the phrases of its investor loyalty programme, “to take care of the enterprise well being with out introducing further measures to scale back attraction.”
It beforehand supplied an extra rate of interest bonus to buyers on a tiered foundation, with customers in a position to earn a bonus if they’d no less than €5,000 of their portfolio.
This has now been altered so buyers must have no less than €20,000 of their portfolio to earn further curiosity.
Learn extra: Robo.money debuts new portfolio possibility