Robo. cash, a peer-to-peer loan market (P2P), an update on the functionality of its loan originators in the third quarter of 2020.
The Robo. cash team revealed that its Spanish loan creator, Prestamer. es, had controlled to record “one of the most productive effects of the total group”. In the third quarter of this year, Prestamer would have issued 59% more loans than in Loans also worth 66% more in the third quarter of 2020 to the second quarter of 2020, Robo. cash said.
At the same time, the Prestamer debt collection rate rose to 36% in the third quarter of 2020 (compared to the previous quarter).
The Robo. cash team noted:
“Thanks to the functionality of the threat control team, the company (Prestamer) has made particular progress in the quality of its portfolio and [has also established] a well-balanced business model. “
The Robo. cash report also mentions that Kazakhstan recorded a sharp expansion in “all key indicators” in the third quarter of 2020. TEZ Finance (in Kazakhstan) has focused on improving the power of debt collection, expanding sales volume and reviving existing consumers after the maximum period of complicated blockade.
Robo. cash showed that after blocking restrictions came into effect in Kazakhstan, the lender (TEZ Finance) followed a “stricter credit policy. “Robo. cash also commented that TEZ aimed to improve portfolio quality, which it did through Offering loans only to normal or existing borrowers. This procedure is basically controlled online. However, lock restrictions have now been relaxed, so TEZ can return to general execution procedures (pre COVID).
TEZ Finance has been “increasing disbursement volumes by 60% each month since June”. Total loans issued through TEZ almost “reached pre-crisis levels,” the Robo. cash report revealed.
During the third quarter of 2020, Vietnamese loan initiator RC Riga Vietnam focused primarily on creating and testing a new business model, however, the company has provided loans “only to the most reliable consumers” in those unprecedented periods. then, he gradually began serving new consumers, but only to consumers who have a strong credit history with other service providers. Robo. cash’s report notes that “all of these measures have helped us achieve a maximum recovery rate and increase disbursement volumes and profits. “
Singapore loan initiator RC Riga Singapore has been successful in securing the budget for the continued progression of Robocash Group’s operations in Asia.
In recent months, the Indonesian corporation has focused primarily on “working with top trusted clients and collecting debts from the existing portfolio,” says the Robo. cash report.
He also commented that the visitor recovery rate “was more than 15%. “The company was also able to reduce its operating prices to position itself in the market. RC Singapore has effectively created a new business style and is now in a position to factor loans to trusted borrowers, Robo. cash confirmed.
The Indian company was able to adjust its scoring processes in the difficult era of blocking and continued to offer loans to existing customers. Last month, disbursement volumes in India “rose 200% compared to August, up 150% more in October,” Robo. cash revealed. In addition to those supposedly positive results, Robo. cash reported that “incoming bills went up 5% in the third quarter compared to the previous quarter. “
Control of Robo. cash said it now focuses on expanding its business to new markets and is contemplating establishing a credit business in Sri Lanka.
As recently reported, Robo. cash claims to have overcome the existing crisis thanks to 2019 earnings and collaboration with affiliated loan originators.