The platform has strengthened the buyback guarantee
Being a part of the international financial holding, the P2P platform consigned the complete responsibility for the buyback guarantee to the credit companies of the group. The changes have been designed to provide the better transparency of the whole group.
At the end of September 2017, SIA ROBOCASH made a few adjustments of the User Agreement with investors. According to the updated version, the affiliated credit companies of the international financial group, which is represented in Europe by Robo.cash, have become fully responsible for payment of the buyback guarantee. Initially the platform was not designed to make any profit and serves to attract funds to the credit companies. In this regard, the delivered changes are believed to improve the overall transparency.
According to the recent data, the total assets of the financial group of companies have amounted to more than € 21.4 million for the 9 months of 2017 and the net profit to more than € 3 million. It is projected that the holding will finish this year with total assets of more than € 25.7 million and more than € 4.3 million in net profit.
To be mentioned, the number of investors on Robo.cash comprised 1.070 investors by the 1st of October 2017. The total amount of attracted assets reached € 2.155.700. The average monthly increase is € 314.000. Cumulatively, European investors have funded 147.614 loans.