Since March of this year, the share of investments in long-term loans on the Robocash platform has “been increasing,” the company claims.
Along with this, the investor earnings are also growing, the team at Robocash reveals in a blog post.
Robo.cash added that for the past eight months, the platform investors have reportedly been systematically “increasing their portfolios with loans from 90 days.” By November 2022, the total share of their funds “in these buckets reached 80%.”
A similar trend is observed “among customers with large portfolios.” Since August 2022, investors “with a balance of 25K+ have increased the share of loans from 90 days by 10%.”
With the growing interest of investors in longer-term loans, their income “also grows.” In total, from January to October of this year, “their monthly earnings on Robo.cash increased by 6%.”
As noted in the update:
“Of course, investors quickly react to external events and try to secure their funds in all possible ways. But they are also eager to get a better income. Investing in long-term loans on Robocash allows you to receive monthly payments that can be reinvested and thereby increase profit.”
Robo.cash analysts also mentioned:
“Investors with larger balances also opt for longer loans. Most likely, due to their experience and familiarity with the platform, they prefer more favorable conditions with a long-term perspective.”
On November 14, the Robocash team arranged a new webcast on the Group’s as well as the platform’s results for 9M 2022. The meeting was hosted by Natalya Ischenko, CEO of Robocash Group, and Ivan Adamovich, CFO of Robocash Group.
Outstanding portfolio amounted to 60 M euro, up 63% compared to 2021.
- The third quarter gave a milestone of 10 M earned by investors in total.
- Over 1700 new investors joined Robo.cash in Q3.
- The third quarter was marked by changes in the Group’s management structure.
Natalya Ischenko commented:
“In order to effectively achieve the strategic goals of the Group, it was decided to appoint regional directors in the major business areas”
On the Group level, Robo.cash claims they “had a few big achievements in the past 9 months of the year.”
Ivan Adamovich added:
“The Group’s assets, excluding Russian business, are enough to cover the obligations to the platform’s investors.”
Zaimer Kazakhstan “exceeded the net profit forecast by 8.4M USD.”
Prestamer (Spain) overfulfiled “its net profit plan by 3.5M USD.”
Vietnam has “issued 25.7 M USD worth of loans, up by 96% compared to 9M 2021.”
Digido’s (the Philippines) net profit “amounted to 2.8 M euros, 16% more than the same period in 2021.”
The newly launched service UnaPharma is “expanding its offering with over 14 thousand products in circulation and more than 300 pharmacies.”
For more details on this update, check here.