The case of Robo.cash was shared at the fintech forum FINOPOLIS in Russia

The Russian largest forum for discussion and analysis of existing trends and future challenges in the financial industry FINOPOLIS 2018 took place in Sochi on 17-19 October 2018. One of the speakers was the Founder of the “peer-to-platform” platform Robo.cash Sergey Sedov who shared the experience of implementing robotized p2p investing in Europe to overcome the issue with funding shortage.

Attracting of investments is a key issue for companies which operate as alternative lenders and target expansion. This is confirmed by the example of the international holding Robocash Group, which first credit companies bootstrapped their way to success. On 17-19 October at the Forum for Innovative Financial Technologies FINOPOLIS 2018, Chief Executive Officer of Robocash Group Sergey Sedov shared the case of solving the issue with lack of funding for the group through the investment platform Robo.cash launched in February 2017 to attract private capital from Europe.

According to the report of Sergey Sedov, complete robotization of the investment process with the implied “peer-to-portfolio” model, which allows the user to invest into the portfolio of microfinance companies of the group rather than a separate loan, combined with a buyback guarantee and higher returns on assets turned out to be such an attractive offer for the European investors, that loans from Spain and Kazakhstan on Robo.cash are completely bought out by active users.

Among other topics discussed during the forum, this year was the interaction of the government and business for the development of new services and technologies. With regard to the most promising technologies from a practical point of view in the near future, Sergey mentioned the development of identification systems: “If we think how to improve financial inclusion, then the development of the unified identification can have the greatest impact, like Aadhaar in India. Today, we see that government services in Russia develop in a similar way”.

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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 AS Robocash Group uniting non-bank lending companies in Spain (Prestamer.es), Russia (Zaymer.ru, RoboCredit.ru), Kazakhstan (Zaimer.kz, Z-Finance, TezCredit.kz), the Philippines (Robocash.ph), Indonesia (Robocash.id) and Vietnam (Robocash.vn). The group is specialized in short-term consumer lending. For the time of its work, more than 3 million loans have been issued. The stuff number is over 1,250 employees. The financial group has been developing in the market since 2013.
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FINOPOLIS 2018 is the forum held by the Bank of Russia in partnership with IT and financial market leaders, which is devoted to the discussion and analysis of trends and opportunities for the use of modern digital technologies in the financial sector. The forum annually brings together about 1,500 participants from Russian and foreign companies along with experts and government representatives. FINOPOLIS 2018 took place on 17–19 October in Sochi.
https://finopolis.ru/en/

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This release was published on openPR.