Robocash Group hit a record 20 million customer registrations in the first quarter and reported a 81.4 per cent year-on-year rise in lending volumes.
The global fintech group, that operates in Asia and owns peer-to-peer lending platform Robo.cash, said that it issued $266.3m (£224m) of loans in the first three months of the year to bring its total consumer lending to over $1.7bn to date.
Robocash Group said repeated clients have “contributed significantly” to its growth, with the highest consumer demand coming from the Philippines and Kazakhstan.
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“With consumer lending services, the repeat clients are the foundation upon which the profitability of the business and a long-term winning strategy stand to avoid potential losses,” said Sergey Sedov, founder and chief executive of Robocash Group.
“Over the past years, the share of Robocash Group’s repeated customers has been steadily increasing, exceeding 80 per cent by 2021.
“Robocash Group was able to minimise the risk by focusing on customer loyalty and building trust among the repeat customers.”