The European Р2Р platform Robo.cash and alternative lender LLP Zaymer have expanded their partnership by delivering a new opportunity for investments in Central Asia on the platform – installment loans TezCredit with a repayment period up to 12 months and an expected interest rate up to 14.5% per annum.
“The way, which Robo.cash follows, greatly corresponds to the development of the whole financial group, so it turns out to be logical to deliver new products to the platform,” explained Robo.cash Founder Sergey Sedov. “At the same time, it will help us to expand business in Kazakhstan, as well as to improve the customer service”,
Both operating within a single financial group, the Р2Р platform Robo.cash based in Latvia and the lending company LLP Zaymer extend cooperation by providing an opportunity to invest in installment loans TezCredit with a repayment period up to 12 months. The average size of installment loans issued by TezCredit is EUR 467, with an average repayment period of 7 months. Investors can expect the annual return up to 14.5% per annum. The platform indicated that all loans are secured with a buyback guarantee in case of delinquency for 30 days.
[clickToTweet tweet=”Installment loans TezCredit.kz @Robocash1 #Loans provided in EUR from non-bank lending company LLP Zaymer. #fintech” quote=”Installment loans TezCredit.kz @Robocash1 #Loans provided in EUR from non-bank lending company LLP Zaymer. #fintech”]
LLP Zaymer has been operating in non-banking lending in Kazakhstan since 2015, initially representing Robo.cash since its platform launch in February 2017 under the brand Zaimer.kz. The company launched TezCredit in early June 2018 and it has issued over EUR 50,000 in a month of its work.
“We are confident that investors will appreciate the opportunity to have greater profitability and better diversification of investments with preserved advantages of the fully automated investment process,” added Sedov.
In May the Latvian P2P platform celebrated a €4M investment milestone, crediting young investor interest in a “simple and comfortable source of additional income” and the positive experience gained at the existing P2P platforms. In addition to Kazakhstan, Robo.cash also operates in Spain and Russia.
Today Robo.cash tweeted that the average age of its investor is 37; in fact, 41% of its investors fall into the 30-39 age range category. See the infographic below for a breakdown.