“These statistics prove the attractiveness of the Philippines to European investors. The country, in its turn, offers big opportunities for investments. Thus, our Philippine loan originator has issued over €24.9 million of loans since the launch in October 2017, which is a big amount for such a short period. The high demand for alternative loans can be explained by low financial inclusion in the country. According to the official data of 2017, it amounted to 34.5%. At the same time, 15.1% of the population had inactive accounts. It means that they lacked credit history and did not have full access to finance, thus remaining underserved by banks.We see a big potential for alternative lending in the Philippines and plan to continue attracting investments for this market,” – commented Sergey Sedov, Chief Executive Officer of Robocash Group.
Robo.cash is a fully automated P2P-platform with a buyback guarantee on investments operating within the European Union and Switzerland. The investment platform is a part of a financial holding Robocash Group uniting non-bank lending companies in Spain, Russia, Kazakhstan, the Philippines, Indonesia, Vietnam and India. The group is specialized in alternative consumer lending. For the time of its work, the group has issued more than 4 million loans. The staff number is over 1,300 employees. The financial group has been developing in the market since 2013.