Investments in Singapore reach over 20% of the total on Robo.cash
- 26.02.2020 09:57 am
Two months ago, investors of the P2P platform Robo.cash got an opportunity to invest in the offer of a Singaporean company of Robocash Group. During this time, they have funded 2.1 mln EUR of its loans, which is just over a fifth of the total investment volume on Robo.cash.
Just like the P2P platform, the Singaporean entity Robocash PTE Ltd. belongs to the financial holding Robocash Group. The company offers to invest in commercial loans designed to stimulate the development of the group in Asia.
Since the integration of Robocash PTE Ltd. with the platform, the users have invested 2.1 mln EUR in its loans. This is more than a fifth of the total investment volume attracted by Robo.cash. Compared to other lenders on the platform, the Singaporean loan originator has shown the fastest start with 1 mln EUR attracted during the first month.
Given the high investor demand for this offer, the Singaporean company, which initially delivered loans for 12 months only, expanded its product line on the platform. Today, Robocash PTE Ltd. allows investing in commercial loans for a period of 90-365 days with an interest rate of 10-11% giving investors more options for diversification.
“When we just launched our P2P platform in 2017, we aimed to provide funding for consumer loans of the affiliated lending companies of Robocash Group. Now, after three years, Robo.cash is changing its format and becoming a strategic tool, which contributes to the growth of its parent company. Given that in the long run, the group plans to expand in South and Southeast Asia, the share of business loans from Singapore on the platform will be increasing,” - said Sergey Sedov, CEO Robocash Group.