Croatia’s P2P Lending Market Robo.money Is Making ready for $5M Bond Placement in Singapore

Croatia’s Robo.money, a peer-to-peer lending market, reveals that its mother or father holding firm, the Robocash Group, is preparing for a $5 million bond placement within the coming days.

As famous in an replace, dated Might 27, 2021, by Robo.money, the Group intends to challenge bonds by way of the worldwide non-public debt funding platform Kilde (based mostly in Singapore). The corporate will probably be offering securities with the “maturity interval of three months and a month-to-month coupon fee frequency.”

As talked about within the announcement, the proceeds of the issuance will probably be directed in direction of serving to with the enlargement of the Group’s enterprise operations in rising markets.

Robo.money additional revealed:

“We’re ready to start out an online-lending service in Sri-Lanka within the close to future, and by the top of 2021, we intention to launch our first on-line financial institution in Southeast Asia.”

As confirmed within the announcement, this bond placement in Singapore will probably be “the primary for Robocash Group” and after this preliminary step, the agency would possibly “contemplate one other issuance in a much bigger quantity.”

As clarified within the replace, the Robocash Group bonds will probably be “out there for buy to institutional and accredited traders solely.” In case you’re focused on profiting from this chance, then you possibly can evaluate the record of necessities to see when you qualify. For questions/queries, contact [email protected]

On Might 22, 2021, the Deputy CFO Robocash Group Grigorii Shikunov took half in a webcast for traders during which the corporate shared key insights about their platform.

As famous within the replace:

“Q1 of 2021 confirmed glorious outcomes for Robo.money. The platform handed new milestones, together with a brand-new web site design and integrating a brand new mortgage originator, and set three new information. The quantity of latest customers grew by 145% QoQ, whereas the web deposits elevated by 50% QoQ.”

Another highlights shared by the corporate:

• Income for the Q1 “elevated by 49% QoQ and reached 58.5 M USD.”
• The web revenue in Q1 2021 “reached 7.6 M USD.”
• Complete belongings full the strong Q1 “rising by 15% and reaching 112.9 M USD.”

Earlier this month, the Robo.money staff introduced that new varieties of loans can be out there within the Philippines.

Robo.money famous that traders might anticipate “web annual returns of as much as 12%” and like all different mortgage originators on Robo.money, UnaPay gives “a full 30-day buyback assure on all its merchandise.”

The announcement additionally talked about:

“UnaPay supplies Purchase Now, Pay Later plans for buying items on the Lazada eCommerce platform. The mortgage quantity can go as excessive as EUR 530, with the compensation interval starting from 30 days to six months. Along with the BNPL service, UnaPay gives salary-linked installment loans of as much as EUR 870 paid inside a most of 12 months.”

UnaPay was established within the Philippines in December of final yr and it’s run by Digido Finance Corp. The agency is a “duly registered company with a Certificates of Authority to Function as a Financing Firm issued by SEC.” For the time of its operation, Digido Finance Corp. has “issued over 750,000 EUR value of loans.”