Croatian Lender Provides Update on RC Riga Singapore

The team at noted that they will continue updating clients on the work of platform originators in 2022.

RC Riga Singapore started the year confidently, “having significantly increased its loan portfolio.”

Here are some key points shared by the Robocash team:

  • 78% of loans funded on the platform “are for RC Riga Singapore, 17% more than in Q4 2021.”
  • The Group is “looking for new products in India and Indonesia that will be in demand by the market and of interest to both borrowers and investors.” Thus, there is “a possibility of restarting both countries next year.”
  • In Vietnam, issued loans in the first five months of 2022 “increased by 125% compared to 2021.” Registration-to-loan conversion “showed a quarterly growth of 77%.”

RC Riga SG “provides financing to the Group’s company operations.”

Robocash Group is now “focusing on penetrating the Philippines market further as the demand is growing fastest in this country.”

Sergey Sedov, CEO of Robocash Group, said:

“By investing in RC Riga Singapore, Robocash users support implementing various strategic opportunities for the holding. For example, now UnaCash’s parent company is diversifying its product line to enter the healthcare space. We see great potential in expanding the consumer lending market beyond just providing personal loans, and we are very pleased that our platform investors are also taking part in this.”

In another update, it was noted that the continental European market of consumer and business lending is in its early stages of development. platform analysts have “defined the life cycles of P2P platforms in terms of their behavior patterns and growth vector.”

The specialists took the Adizes 10-step model “as the basis for analyzing the development cycle of P2P companies.”

To select platforms, they “took into account a number of characteristics: available statistics, operation in the segments of consumer and business loans, work with individuals, offering investment in euros, registration in continental Europe.”

Monthly volumes of attracted investments “were set as indicators of one or another stage.” A total of 37 European P2P platforms “took part in the study.”

According to the analysis, “most of the continental P2P platforms are quite mature players with at least two years of work.”

However, recently, “despite the external economic turbulence, new names have appeared on the market.”

24% of the platforms analyzed “started their activities in 2020-2022.”

As noted in the update:

“The market is highly competitive and new players have a hard time. But the age of the company is not a defining indicator. An important point here is the focus on growth, which many platforms have shown for a long time.”

The average value of all considered platforms “corresponds to the phase of adolescence, that is, they are still developing, but more established and defined.”

The consumer segment is “developing at a faster pace, which is due to the high demand of the population for affordable loans – both in Europe itself and in the developing countries of the rest of the world.”

Greater availability and security of investments also “play an important role here.”

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