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Robocash Group plans to raise 5 M USD with a bond issuance

28.05.2021

An international fintech holding Robocash Group prepares for a 5 M USD bond placement in the coming days together with Kilde. The group intends to use the proceeds to support its further growth. After this initial step, the company may consider another issuance in a larger amount.    The company plans to issue bonds with the global private debt investment platform Kilde in Singapore. The securities with the maturity period…

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Hot weather in Vietnam boosts online loans by 20% on average

28.04.2021

Analysts of the international fintech holding Robocash Group revealed a correlation between the weather and borrowers’ behaviour in Vietnam. In the hot weather, the regular loan amount increases by 10.2%, and the number of loan applications – by 20%. The analysis was based on loan applications from the group’s borrowers and weather conditions in Vietnam in March 2021. In total, it contains 1953 observations.   In the hot weather, which implies…

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Robocash Group publishes audited financial statements for FY2020

30.04.2021

Robocash Group has announced the release of the combined financial statements audited by FBK Grant Thornton, a Big 10 audit company. The statements have been prepared in accordance with International Financial Reporting Standards. The report has confirmed the strong performance and efficient management of the Group during 2020. Despite the many uncertainties, we became more resilient and stayed productive, having adapted the strategies to address both the challenges and opportunities…

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More than 70% of Filipino borrowers consider online loans an important source of financing

09.04.2021

A survey conducted by Robocash Group among the Filipino borrowers has shown that online lending plays an important role for them. 58% also mentioned that they were planning to take another loan for a bigger amount in the near future.    Three out of four respondents indicated that online loans have been at least as important for them as other sources of borrowings over the past 12 months. At the…

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Online loans are of high importance for 61% of Vietnamese borrowers

09.04.2021

A survey conducted by Robocash Group among the Vietnamese borrowers has shown that online lending plays an important role for them. Two thirds of respondents have also mentioned that they were planning to take another loan for a bigger amount in the near future.    61% of Vietnamese borrowers pointed out that online loans have been at least as important for them as other sources of borrowings over the past…

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Alternative lenders will help recover consumer demand in the Philippines and India

29.03.2021

According to the Consumer Confidence Index, the population of the Philippines and India will be increasing their consumer activity in 2021. A survey of Robocash Group has shown that about 71% of Filipinos and 64% of Indians will be doing it with the help of non-bank loans.   As stated in the Consumer Confidence Index, the population of India estimates their current financial situation as 55.5 points, twice as low…

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Robocash Group issued 1 bn USD worth of loans

16.03.2021

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.   Since its origination in 2013, Robocash Group has been increasing its disbursement volumes every year. Between 2014 and 2020 the yearly amount of loans issued to customers went up from 48,000…

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Robocash Group earned 24 mln USD in 2020, showing 50% growth YoY

09.03.2021

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.   Last year, Robocash Group issued 322.5 mln USD worth of loans, 6% more than…

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60% of Asians will spend additional funds to celebrate the Lunar New Year

10.02.2021

A survey by Robocash Group in Indonesia, Vietnam and the Philippines has revealed that 61% of respondents are planning additional expenses to celebrate the Lunar New Year. At the same time, 31% of the surveyed will increase their festive spending this year compared to 2020, and 58% will borrow funds with the help of online financing tools to celebrate the holiday.   The survey has shown that the festive traditions…

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Borrower demand in Asia has increased since the start of the pandemic

18.01.2021

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 have grown as well.   In Asia, Robocash Group operates in the Philippines, Vietnam, Indonesia and India. It  has revealed that the average amount requested by Asian borrowers…

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