The online P2P (peer-to-peer) lender, Robo. cash, is reported to make its initial public offering in Australia in December this year.
Robocash Group, which is the parent company of Europe-based P2P lender Robo. cash, will be the next financial technology service provider after Plenti, which will continue a directory on the Australian Stock Exchange (ASX).
Sergey Sedov, CEO of Robocash Group, said the company is “going “at full speed” with its initial public offering in Australia.
Sedov showed in a recent webinar that the IPO will take a position in December 2020. He also commented that Robocash plans to raise capital of A $ 60 million (approximately $ 43. 7 million).
Sedov added that the budget peak will go to the progression of Robocash’s existing line and also to further expansion by providing newArray The P2P lender will also enter new markets in 2021, Sedov said.
Funds raised in the planned IPO will be used to create a virtual bank in the Philippines.
Sedov noted that the activity of the lending platform is recovering as it returns to pre-COVID grades in terms of overall volume and number of active investors, and says the company has controlled it to be profitable.
Sedov claimed that the first part of 2020 had been difficult, but noted that Robocash remained successful because the company would have earned more than $10 million in the first part of 2020, now the finalizer plans to double that amount until the end of it. year, Sedov said.
Robocash’s annual report shows that the company’s profits have grown from $11. 6 million in 2018 to $15. 8 million in 2019. The P2P lender is open to investors in Europe and borrowing problems in Russia, Spain, Vietnam, Indonesia and the Philippines.
The Robocash noted:
“August was a busy but productive month for us. Over time, we now have 11,469 registered investors, more than 175 million euros in loans and 1. 96 million euros in profits for our investors. “
In July 2020, Robo. cash claimed that the investment platforms of choice had advanced in its COVID-19 investment offerings.
Control of Robo. cash had indicated:
“During the pandemic, P2P lending platforms had the opportunity to demonstrate their reliability and gain acceptance from new and existing investors. Since the beginning of the epidemic, many loan platforms of choice have outperformed their investment offerings and brought more bonuses. for users. “
They added:
“P2P investors who keep themselves safe in this segment are looking for the opportunity and take advantage of exciting situations on time. “
In June 2020, Robo. Cash is not aiming to raise as much capital with his new goal of $ 43. 7 million. )
Contact us Crowdfund Insider Fintech Insider® Disclosure Quest Digital Assets Insider® C/ O Crowded Media Group, LLC PO Box 221196 Beachwood OH 44122 USA Information: [email protected] Support: [email protected] Advertising: [email protected] CI on Twitter CI on Facebook CI on LinkedIn CI on Instagram on Instagram
Categories To General News Crowdfunding Portals Policy Strategy Global Fintech Real Estate Offers Asia Women Change Finance
Services send advice advertising on Crowdfund Insider