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Fintech & Ecommerce

European financial platform launched new product

Dec 16, 2019

The loans from Singapore will be issued for up to 12 months and will be listed in euros

Robocash Group

European financial platform launched new product. Source: facebook.com

Robocash PTE Ltd., a Singaporean company of Robocash Group, has launched long-term commercial loans as a part of the P2P platform Robo.cash. This way, the platform’s users can invest in the development of the group in Southeast Asia (SEA).

The new product is made possible within the RC Riga partnership – a special purpose vehicle providing secured financing to the Robocash Group’s companies.

Robo.cash and RC Riga belong to the single financial group, so users will get a 100%-buyback guarantee on all investments.

The interest rate is expected to be 10% per year. Along with that, Robo.cash will offer to its users an annual return of 11% for the loans signed until December 31, 2019.

Operating for nearly three years and attracting funds for companies of Robocash Group, the P2P lending platform Robo.cash has proven its efficiency. Its integration with Robocash PTE Ltd. is the next strategic step for us. As the company supports the management and servicing of the group’s business in Southeast Asia, the integration will accelerate its development in the region. At the same time, investments in business will be a totally new product for the users of Robo.cash. Moreover, our platform is the first in Europe to introduce investment opportunities from Singapore
Sergey Sedov, Chief Executive Officer of Robocash Group 

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