Robo.cash welcomes a new loan originator from Kazakhstan!
To provide more diversification for your portfolio, we are introducing a new loan originator from Kazakhstan in partnership with RC Riga.
We are excited to introduce a new loan originator from Kazakhstan - LLP MFO Robocash.kz! The company was established by Robocash Group and is fully controlled by the holding. Meanwhile, it is expected that over time, the new entity will fully replace the existing loan originator from Kazakhstan, LLP MFI TezFinance. The changes are associated with the process of legal restructuring of the group. At the moment, users of the platform can invest in loans of both TezFinance and Robocash.kz.
LLP MFO Robocash.kz was registered as a microfinance institution in October 2020 and operates in full accordance with the local regulation. The entity can be found in the list of MFIs of the National Bank of the Republic of Kazakhstan.
The new loan originator will be working with Robo.cash in partnership with RC Riga - a special purpose vehicle designed to provide secured financing to the companies of Robocash Group, including Robocash.kz for further development of business. Given that Robo.cash, RC Riga and Robocash.kz belong to the financial holding Robocash Group, all investments made on the platform are secured by a 100%-buyback guarantee.
RC Riga/Robocash.kz will be placing loans with 7 to 720 day repayment days to invest in within the new product line of the platform. As with other loan originators, investors can get up to 12.7% returns on their investment. All RC Riga issued loans to Robocash.kz are secured by the pledge on claim rights of Robocash.kz towards its debtors.
Be sure to update your portfolio settings to invest in the new loan originator.