If you have never heard of robocash, then you may want to know more about it. This online loan platform is available for both individuals and companies. If you wish to use this service, you must fill out a few simple forms. When registering, you must provide your personal information, including your identity document and a valid bank account. You will also be required to provide the details of your investment plan, including the amount and source of funds.
In Robocash, you invest money in P2P loans. Just like Bondora, it follows a similar concept. The returns are high, around 12%, and the investments are spread across several countries, including Vietnam, Kazakhstan, and Singapore. The disadvantages of the platform include that there is no secondary market for your loans and you will not be able to learn about the ratings of the loans you invest in. The terms of most loans are short.
In 2013 https://bestloanonline.com/amount-loan/1000/ , Sergey Sedov, the founder of Robocash, launched the platform in Russia and currently serves over 11.7 million clients across eight countries. Robocash started in Russia and subsequently expanded to countries such as Latvia and Singapore, where it operates. In the second half of 2020, the company plans to list on the stock exchange. And while the company is still relatively young, it is already making big money. In fact, it has already made $7.3 million in the first half of 2020 and plans to go public in the second half of 2021.
While Robocash is not yet regulated, it is a safe way to invest your money. The platform offers a Buyback Guarantee, which means that if a borrower defaults on the loan, Robocash will reimburse the principal amount as well as the interest. In addition, the platform offers diversification when investing in short term Euro currency loans. In addition, it offers a buyback guarantee for most loans, which means that if you default on the loan for more than 30 days, you will still receive the interest on your investment.
Another risk factor associated with Robocash is liquidity and economic risk. While you can invest in a secondary market for this cryptocurrency, liquidity and economy risks are time-consuming and can be expensive. The risk of defaulting is related to the creditworthiness of the borrowers and their ability to pay the debt. So, diversify your portfolio in a way that protects you from this risk. Once you have made a decision to invest in Robocash, you should do so carefully and consider other asset classes that are less risky.
The Robocash Group was founded in Russia in 2013 and originally focuses on short-term and installment loans. Its products were available both online and offline, and at one point in time, it had five million customers. Its goal is to become a large lending group, and they recently announced that they plan to go public in 2022. This is a positive sign for the future of the company. The company is now profitable and growing.