Robo.cash’s Kazakhstan originator continues to lead the way
Robo.cash has said that its Kazakhstan originator has maintained its leading position in terms of loan volumes in the third quarter, with 29 per cent quarter-on-quarter growth.
The European peer-to-peer lending platform also revealed that its Singapore loan originator is raising funds for the development of the Robocash Group’s business in Asia.
Currently, 61 per cent of loans funded on the platform are in Singapore.
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Meanwhile, Indonesia issued 36 per cent more loans in the third quarter, while Vietnam saw a 26 per cent increase.
Robo.cash said its buy now, pay later payment solution UnaPay continues to maintain focus on product development and has been steadily increasing revenue since the beginning of 2021. From the second to the third quarter, it grew its lending volumes by 270 per cent.
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With regard to its Spanish business, Robo.cash said that the product changes introduced this year, including the first loan being free and reduced rates for repeat customers, have been undergoing a “unit economy testing period”.
Robo.cash said these changes have shown successful results both for clients and for the company’s profit so far, with the customer return rate at the end of September reaching 91.1 per cent – eight per cent higher than at the end of the second quarter.
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