Robo.cash increases interest rates for all products to 14%
From today, we are increasing interest rates for investors to 14% for all products on Robo.cash - both consumer and commercial loans of any maturity. All the current available loans will be offered with the new interest rate as well. We recommend our investors to update portfolio settings accordingly.
We have been carefully monitoring the situation on the markets since the end of the last year and have been prepared for a possible negative scenario. As a result, our current operating results in the markets both in Europe and Asia have not been affected. In particular, there has been no decrease in the lending volumes of Robocash Group, which owns the P2P platform Robo.cash. On the contrary, compared to January 2020, the issuance volumes of the group have grown by 8.6% in February. The volume of loans granted in March has increased by 19.6% as compared to the same period in February. At the same time, we are continuously improving our scoring algorithms to evaluate borrowers even more accurately to foresee possible changes in their behaviour.
Nevertheless, we have observed rising concerns of investors due to the deterioration of the situation in the financial markets within the past two weeks. Taking into account the long-term plans of Robocash Group aimed at significant growth this year, expansion to new markets and launch of new products, we have decided to raise interest rates on Robo.cash, which is a strategically important funding source for the group.
100% buyback guarantee is preserved for all investments on the platform. All the commitments on purchased loans will be fulfilled in due order.
Investors should update the interest range in their personal accounts to continue investing and receiving higher profit.
We would also like to remind about the recent changes concerning loan originators from Kazakhstan. Now, the lending services of the group in the country are provided by LLP MFI Tez Finance. In order to invest in its loans, we recommend investors to check their portfolio settings.
In case you have any questions, feel free to contact us at email@example.com.