Robo.cash, a European peer to peer lending platform operating within the European Union and Switzerland, is now providing a path for European investors to invest in Singapore, according to a company release.
The Robocash Group reports that it has integrated its in-house P2P lending platform Robo.cash in Europe with its Singaporean company Robocash PTE. LTD. The latter will provide the European P2P investors with an opportunity to invest in the business development of the group in Southeast Asia.
Robo.cash did not clarify the type of assets it was expecting to open up for investment.
Robocash PTE. LTD. is a holding company, which was set up in Singapore in September 2015. Robocash states that it will now be delivering its “long-term commercial loans to the European platform Robo.cash to allow its users to invest in the development of the group in the region.”
The companies are said to be collaborating within the partnership with RC Riga – part of the holding company. RC Riga is said to be a special purpose vehicle providing secured financing to the companies of Robocash Group.
Robo.cash claims to be the first P2P lending platform in Europe providing an opportunity to invest in Singapore.
Robo.cash founder & CEO Sergey Sedov said that until the launch of the P2P lending platform in Europe, they were bootstrapping their growth at the use of their own funds and retained earnings.
“In almost three years in operation, Robo.cash has proven its efficiency and become an important financial tool for us. In this sense, the integration of our company in Singapore with the platform is a strategic step forward. As the company provides management and servicing of the group’s business in Southeast Asia, this integration will significantly accelerate our development in the region. Within the next 6 months, we expect to raise USD $ 5 million. The attracted funds will not only support the development of our companies, but also facilitate financial inclusion in the region.”