RC Riga
| Launched: | 2018 |
|---|---|
| Type of loan: | Commercial Loans (Secured by negative pledge of Robocash Vietnam Co. Ltd assets) |
| Loan size: | up to 100 000 EUR |
| Loan maturity: | up to 1 year |
| Currency: | EUR |
| Interest rate for investors: | 11-12.7% |
| Buyback guarantee: | 100% |
Robocash Vietnam Co. Ltd.
| Website: | robocash.vn |
|---|---|
| Number of employees: | 38 |
| Type of loan: | Commercial Loans |
| Loan size: | up to 89 000 EUR |
| Loan maturity: | up to 1 year |
About the creditor
Limited Liability Company RC Riga is special purpose vehicle incorporated in Latvia in 2018 sole purpose of which is to provide secured financing to companies of Robocash Group against loan portfolio thereof or other type of security. Robocash Vietnam Co. Ltd. has been active in Vietnam since July 2018. The company provides financing to company issuing short term loans in Vietnam.
Model of operation
Robocash Vietnam Co. Ltd. transfers funds to loan originator in Vietnam under the Commercial Loan Agreements, the right of claim to loan originator will be a guarantee for the performance of obligations under the Loan agreement signed between Robocash Vietnam Co. Ltd. and the Limited liability company RC RIGA (hereinafter RC RIGA).
RC RIGA transfers funds to Robocash Vietnam Co. Ltd. under the Loan agreement specifying a payment schedule. Dates in the payment schedule correspond to the dates of repayment under the Commercial Loans issued to loan originator, the right of claims to which serve as a guarantee for the performance of obligations under the Loan agreement.
RC RIGA transfers to the limited liability company Robocash d.o.o. (hereinafter ROBOCASH) the information about the loan issued to Robocash Vietnam Co. Ltd. according to the Partnership Agreement.
According to the signed Assignment Agreements, Users of the platform transfer funds to RC RIGA through ROBOCASH to acquire a part of a claim for the Loan agreement concluded between RC RIGA and Robocash Vietnam Co. Ltd.
ROBOCASH transfers funds received from Users to RC RIGA.
Loan originator returns funds to Robocash Vietnam Co. Ltd. under the Commercial loan agreement.
Robocash Vietnam Co. Ltd. returns funds RC RIGA according to the payment plan under the Loan agreement.
RC RIGA returns funds and interests received from Robocash Vietnam Co. Ltd. to ROBOCASH on the date and in the proportion specified in the Assignment Agreements.
ROBOCASH transfers funds received from RC RIGA to Users of the platform.
In case of a delay of the loan repayment made by a loan originator, the next day Robocash Vietnam Co. Ltd. completely returns the size of the commercial loan and the accrued interests to RC RIGA.
