UnaFinancial, which is investment platform Robocash’s parent company, is reporting that it has earned $4.7 million in H1 2024.
UnaFinancial has issued management accounts “for the first six months of 2024.”
The Group focused on expanding its most profitable businesses and “improving operational efficiency across all markets where it is present.”
Here are the key highlights:
- UnaFinancial’s net profit in H1 2024 reached USD 4.7 M, indicating a 18% increase compared to H1 2023;
- The Group’s revenue and commission income grew by 10%, from USD 93.1 M in H1 2023 to USD 102.1 M in H1 2024;
- Disbursement volumes equaled USD 358.6 M, up by 23% YoY.
Sergey Sedov, Founder and CEO of UnaFinancial comments:
“Our primary goal now is to continue enhancing the financial performance of the Group by scaling the most profitable businesses, which is reflected in our results. In the Philippines, we have increased loan issuance and expanded our product line with a POS upgrade of the BNPL service and the launch of installment loans. As a result, our disbursement volumes in the Philippines showed a 20% YoY growth in the first half of 2024. In Kazakhstan, the loan issuance increased by 27% during the same period. We are also working on diversifying the product offering in the country and continue improving operational efficiency across all our markets.”
UnaFinancial is a fintech ecosystem “represented in 7 markets in Europe and Asia, offering easy-to-use digital cross-border financial solutions in Kazakhstan, the Philippines, Spain, and Sri-Lanka.”
Through its AI-based, machine learning and data-driven technologies and processes UnaFinancial says that it “provides precise and comprehensive risk management, comfort, and speed for customers.”
Their markets and services include the following:
- Kazakhstan: Zaimer.kz (2015)
- Spain: Prestamer.es (2016)
- Croatia: Robo.cash (2017)
- Philippines: UnaCash (2021); Digido.ph (2021)
- Sri Lanka: Robocash.lk (2021)
As reported in May of this year, UnaFinancial, the parent company of the Robocash investment platform, announced an upcoming release of the audited special purpose consolidated financial statements for the year ended December 31, 2023.
The financial statements have been prepared in “accordance with the International Financial Reporting Standards (IFRS) and audited by Grant Thornton.”
Key highlights:
- Total assets reach USD 125.4 M, up by 10.4% YoY;
- Total equity reaches USD 10.2 M, a slight short-term decrease of 7.3% YoY due to the effect of translation reserve;
- Interest income and commission income for the full year amounts to USD 192.2 M, representing 16.1% growth compared to the previous year;
The FY 2023 net profit stands at USD 0.1 M.