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Robocash Group earned 16 mln USD in 9 months of 2020 and adjusted its plans for the IPO

19.11.2020

The 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.   In the first 9 months of 2020, Robocash Group issued loans worth 217.3 mln USD and reached a high share of repeated customers – 72%. During the same period, the group earned 16.2 mln USD, which exceeds the net…

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Robocash Group announces the interim financial report for H1 2020

10.20.2020

The Report on Review of Interim Condensed Combined Financial Information was prepared by a Big 10 auditor FBK Grant Thornton in accordance with International Financial Reporting Standards.   The Group has been resourceful and resilient during the period of intense lockdown. Though the Covid-19 pandemic proved challenging, by reducing costs, optimising scoring and increasing debt collection, Robocash Group managed to maintain the efficiency of its business. The Group has issued 1.6…

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Happiness and online loans in APAC have strong direct correlation of 0.6

26.08.2020

Studying the impact of online consumer lending on the happiness of the population in Asia Pacific (APAC), analysts of Robocash Group found a strong direct correlation between them.  In other words, happier countries see higher popularity of online loans. At the same time, access to online lending helps people feel happier.   To show the impact of online consumer lending on the happiness of the population across the world and…

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Robocash Group announces audited financial statements for 2019

25.08.2020

According to the audited financial statements, Robocash Group revenue in FY2019 amounted to US$ 132.1 million with a 62.5% increase year-over-year (2018 – US$ 81.3 million, 2017 – US$ 39.8 million). At the same time, total comprehensive income grew at 111.7% year-over-year hitting US$ 18.8 million (2018 – US$ 8.9 million, 2017 – US$ 6.1 million).   The international fintech holding Robocash Group delivering micro consumer lending services in Europe…

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Post Covid-19: Non-bank lending will grow in Asia

27.07.2020

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 has prepared 45% for active borrowing when restrictions are lifted. At the same time, the other 9% will be motivated…

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80% of Asians will try e-payments by 2022

26.06.2020

According to analysts of Robocash Group, about 80% of the population in the Philippines, Vietnam and Indonesia will make at least one digital payment by the end of 2021. The share of active users making five and more e-payments weekly will exceed 50% compared to 13-17% in 2019. At the same time, the volume of unsecured consumer loans issued online will exceed 50% in the Philippines, reach 70% in Vietnam…

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Digital financial services support Southeast Asian countries during recession

19.06.2020

The advanced digital infrastructure has become one of the supporting factors for developing countries in Southeast Asia amid the current recession. Analysts of Robocash Group say that the region has approached this downturn in better shape. According to their estimates, Indonesia and the Philippines can achieve 2.2-2.8% of the GDP growth this year, Vietnam – over 4%.   These forecasts arise from an expected surge in consumption and investment activity…

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5G will boost financial inclusion in emerging markets in Asia

06.06.2020

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding Robocash Group forecast that with its help, about 3 million of the unbanked and underbanked will get access to financial services in both Vietnam and the Philippines by 2025. Indonesia will have 9-11 million, and India – 60 million.   Smartphone penetration rising in APAC annually by 10.8% on…

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Education and health, household appliances and business made Asians borrow in 2019 most often

27.04.2020

Online lending and microfinance have become a multipurpose solution for customers in Asia. These are the findings of an online survey conducted by Robocash Group in the Philippines, India, Indonesia and Vietnam earlier this year. Although men and women apply with different needs in mind, education and health, household appliances and business made both genders apply for loans in 2019 most often. At the same time, the online segment was…

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Installment consumer lending will surge in Southeast Asia over time

20.04.2020

Installment consumer lending is one of the most promising segments of alternative finance in Southeast Asia in the near years. These are the findings of analysts of the financial holding Robocash Group after studying different prerequisites across the region.   With digital lending projected to reach $100 billion by 2025, Southeast Asia has seen massive growth in alternative consumer lending in the past years. Still, apart from the main directions…

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