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Financial services are growing rapidly in South and Southeast Asia. These countries still have many people below the poverty line who have difficulty getting loans. This situation has become a fertile ground for micro- fintech financing. Actually, financial companies are able to disburse financing, but to a certain extent. Therefore there is still ample room for channeling microfinance online.

The fundraising comes as the European firm said it has integrated its in-house P2P lending platform, Robo.cash, with its Singaporean company, Robocash Pte Ltd, which has been active in the city-state since September 2015 supporting the operating entities of Robocash Group in Southeast Asia.

Asian fintech has grown exponentially in the past few years. In particular, Southeast Asia is standing out. As CB Insights revealed, in the third quarter of 2019, SEA set a new annual record with $701 million invested across 87 deals. The active inflow of investments made countries intensify their efforts in the development of fintech ecosystems and the regulatory environment. P2P lending has become one of the key directions in the…

The older customers become, the more financing they request when applying to fintech services. These are the findings of the financial holding Robocash Group based on the statistics of customer applications in Asia this year. In particular, with an increase of customers’ age by one year in Vietnam, there is a rise in the average size of requested amounts by 0.3%. Meanwhile, Indonesia has 0.8%, the Philippines and India –…

Actively managing family budgets in one of the most gender-equal backgrounds, women have formed the largest group of users of online financing tools in the Philippines. According to the financial holding Robocash Group, female customers prevail both in online and offline channels. In 2019, the share of women there has amounted to 70% and 58%, respectively.

Information technology-based lending services are now becoming more popular in Indonesia. People of different ages have started to consider the online loan services as an alternative when needing extra financial support. Among different age groups in Indonesia, a research study conducted by international financial company Robocash Group discovered that millennials aged between 25 and 30 had the ability to more accurately match their needs in finance to the actual capabilities.

Asian users of online financing services who fall between the ages of 31 and 34 are the most accurate in matching their finance needs to actual capabilities, according to Robocash Group.

Users of online financing services in India aged 35-50 more accurately match their needs in finance to actual capabilities. In comparison to other age groups, they apply for such amounts, which size is the closest to the approved. These are the conclusions of analysts of the financial holding Robocash Group after studying customer applications received since the beginning of 2019.

The number of served clients significantly increased in Vietnam, Indonesia, and India. Financial lending service Robocash has issued hit $500m of total loans as of Q3, an announcement revealed. Total issued loans skyrocketed 92% YoY during the first nine months of 2019 compared to the same period last year. Robocash shared that it plans to hit another $294m.

Alternative lending has a direct impact on labour productivity. These are the findings of analysts of the financial holding Robocash Group after studying the role of non-bank lending companies in the economy.