Letter from Founder of Robo.cash to investors of the platform
Starting Monday, November 19, 2018, all new euro loans to be added to Robo.cash will provide an annual net return up to 12%. Considering the news, the users of the platform need to update their portfolio settings.
The past two months have been busy for the team of Robo.cash. Two new loan originators joined the platform: LLP Z-Finance from Kazakhstan and MFC Zaymer from Russia. Integration with the latter has become a significant milestone in the development of both Robo.cash and the entire financial holding Robocash Group, which is currently represented in 7 countries in Europe and Asia.
Today, Robo.cash has 4,500 registered users and the volume of attracted investments is more than €4 million. The income of investors has nearly reached half a million euros. According to the results of the first six months in 2018, MFC Zaymer ranks third by the issued volume of payday loans in Russia and takes 60% of the portfolio of Robocash Group. We hope that the integration of Robo.cash and MFC Zaymer will allow investors of the p2p platform to increase their revenues and boost our expansion and growth.
However, expansion to new markets requires taking strategic decisions, which include a decrease of profitability of investments on the platform Robo.cash. Starting Monday, November 19, 2018, all new euro loans to be added to Robo.cash will provide an annual net return up to 12%. Considering the news, the users of the platform need to update their portfolio settings.
The reason for this decision is our objective to maintain dynamic growth of business in case of a possible economically unstable situation in the footprint. Robo.cash is a significant part of the financial holding Robocash Group. It is important for us to ensure the reliability of assets of our investors further. Since the establishment of the first company in 2013, the group has got 4.3 million customers and its monthly lending volume reached €15 million. We strive for a balanced loan portfolio of the group through an active development of our financial services in the Philippines, Indonesia and Vietnam and design of new products to be launched in new markets. As a result, it will contribute to the stability and investment attractivity of Robocash Group.
At the same time, our strategy remains the same: Robo.cash provides return on investments above the average on the market, complete buyback guarantee and a fully automated investment process.
By the end of this year, we are planning to secure sufficient volume of investment opportunities on the platform. The team will report further news and updates additionally.
Chief Executive Officer Robocash Group