Robo.cash loan originators grow as pandemic eases
Robo.cash has reported growth across all its loan originators during the first half of the year.
The Croatia-based peer-to-peer lender has revealed the performance of loan originators from Spain, the Philippines, Kazakhstan and Singapore as the alternative finance sector emerges from the pandemic.
Its Spanish loan originator Prestamer.es approved 19 per cent more loans in the first six months of 2021 compared with the end of 2020, with the value up by 27 per cent.
Philippines lender UnaPay was added to the platform in May 2021 and its loan volume has already grown by 47 per cent on a monthly basis, Robo.cash said.
Read more: Robocash funded €8.8m in loans last month
Lending through its special purpose vehicle (SPV) in Kazakhstan also increased by 58 per cent on a quarterly basis.
Another SPV, RC Riga Singapore, is also growing, with net profit for the first half of the year up 33 per cent annually.
Robo.cash hit the €200m (£180.58m) lending milestone at the start of 2021.
The platform reached the benchmark in December, marking the end of a record year for loans where it facilitated a record €9.2m of finance in November.
Its parent company, the Robocash Group, said in May that it was preparing for a £5m bond placement with global private debt investment platform Kilde in Singapore.
The group said it plans to use the proceeds to further its growth. This private bond placement will be the first for the Robocash Group in Singapore.