Robo.cash brings investment opportunities from Singapore
The fully automated P2P platform Robo.cash has launched a new product - long-term commercial loans, which will be provided by the Singaporean company of Robocash Group. Now, users of the platform can invest in the development of the group in Southeast Asia. Moreover, this is the first opportunity in Europe to invest in Singapore through a P2P lending platform.
Established within the financial holding Robocash Group, Robocash PTE. Ltd. has been active in Singapore since September 2015. This is a holding company, which supports the management and servicing of the operating entities of the group in the SEA region. It will be adding loans to Robo.cash within the partnership of the platform with RC Riga - a special purpose vehicle providing secured financing to the companies of Robocash Group.
As Robocash PTE. Ltd., the P2P platform Robo.cash and RC Riga all belong to the single financial group, users of Robo.cash will receive a 100%-buyback guarantee on all investments.
The loans from Singapore will be listed in EUR and issued for a period of up to 12 months. The standard interest rate on them is expected to be 10% p.a. However, to celebrate the new opportunity, Robo.cash will provide its users with an annual return of 11% for all loans signed until December 31, 2019.
Sergey Sedov, Chief Executive Officer of Robocash Group commented: “Operating for nearly three years and attracting funds for companies of Robocash Group, the P2P lending platform Robo.cash has proven its efficiency. Its integration with Robocash PTE Ltd. is the next strategic step for us. As the company supports the management and servicing of the group’s business in Southeast Asia, the integration will accelerate its development in the region. At the same time, investments in business will be a totally new product for the users of Robo.cash. Moreover, our platform is the first in Europe to introduce investment opportunities from Singapore.”