Robocash Group reported a 152.5 per cent year-on-year rise in revenue to $144.4m (£104.4m) in the first half of the year, as it prepares to expand into new markets and products.
The alternative lending group, which owns European peer-to-peer lending platform Robo.cash, also reported a 134.1 per cent increase in loan volumes to $326.5m over the period.
It made a net profit of $14.2m, up from $10.7m in the first half of 2020.
The group also said that its customer base rose by 40 per cent, with 2.8 million registrations in the past six months alone.
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“We are thrilled to accelerate the business development and reach new heights,” said Sergey Sedov, founder and chief executive of Robocash Group.
“In the next half of 2021, we plan to scale our current products, as well as access new markets and expand the product range. Currently, we are preparing to launch an online lending service in Sri-Lanka, and expect to launch new financial products in the Philippines.”
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.