Robo.cash offers new investment opportunities from Southeast Asia
The European P2P platform Robo.cash has added new investment opportunities from Southeast Asia. Within the partnership with RC Riga, the P2P platform offers to invest in the Vietnamese company of Robocash Group.
For the European P2P investment platform Robo.cash, Vietnam has become the second country offering investment opportunities from Southeast Asia. Previously, in December 2018, the platform was joined by a loan originator from the Philippines.
Robocash Vietnam Co. Ltd. has been operating in Vietnam since July 2018. Investors can invest in the company by financing commercial loans issued to it by Limited liability company RC Riga, which is a special purpose vehicle designed to provide secured financing to the companies of Robocash Group. Investments will be made in EUR with an annual interest rate of up to 12%.
Robocash Vietnam Co. Ltd., RC Riga and the P2P platform Robo.cash belong to the international financial holding Robocash Group. Operation within the same group allows to provide users of the platform with a complete buyback guarantee on all investments.
“The integration of Robo.cash with our Vietnamese company will allow us to expand the activities of the group and increase investment opportunities on the platform. Vietnam provides favourable conditions for the development of fintech, as it is characterized by widespread use of digital technologies, high Internet penetration and mobile connectivity. This year, the share of Internet users there has equaled 66% and the number of smartphone owners amounted to 72%. According to the forecast, the Vietnamese fintech market will grow from $4.4 bln in 2017 to $7.8 bln in 2020. Thus, there are big prospects for fintech companies in the country,” - said Sergey Sedov, Chief Executive Officer of Robocash Group.