Press room

The group notes that the volume of loans has been increasing annually since its inception. There was a particularly strong growth in the last quarter of 2020 and in 2021, which confirms a rising demand for alternative lending.

The international fintech holding Robocash Group has published its financial results for the previous year. The net profit of the group amounted to 24 mln USD, up 50% from 2019 and total assets grew to 94.5 mln USD, increasing by 57%. In 2021, the group plans to double the yearly disbursement volumes, revenue and profit.

A survey by Robocash Group in Vietnam, Indonesia and the Philippines has revealed that 61% of respondents are planning additional expenses to celebrate the Lunar New Year. Meanwhile, in Vietnam the share of such respondents is the highest, amounting to 80%.

According to statistics of the international holding Robocash Group, the average sum requested by borrowers in Asia has increased since the beginning of the pandemic by 46%. At the same time, the share of male borrowers and the average age of applicants has grown as well.

Robocash Group has boosted in presence in Asia by launching its buy now, pay later service UnaPay in the Philippines.

As revealed in a survey by a global fintech holding Robocash Group, the financial inclusion in the Philippines has grown considerably over the past three years. Its main driver is online services, which is confirmed by a 2.5-increase in digital payments between 2017 and 2020.

International: Robocash Group has published the results for January-September 2020. Despite the challenging time, it has improved its portfolio quality and all the performance indicators, by optimizing the core business processes.

While on one hand the Covid-19 outbreak has blurred lines between banks and fintechs and accelerated digital adoption, it has led to decline in number of alternate lenders.

The COVID-19 pandemic has significantly changed the psychology of average borrowers. One of the near-time effects will be the growth of non-bank lending. According to a customer survey of Robocash Group in Asia, 50% of respondents say about a higher need for financing. Moreover, the decrease in incomes during quarantine have prepared 45% for active borrowing when restrictions are lifted. At the same time, the other 9% will be motivated…

SINGAPORE-headquartered payday lender Robocash Group is seeking US$5 million to be used as regulatory capital for a thrift banking licence in the Philippines, ahead of plans to go public in Australia.