Robo.cash adds a loan originator from the Philippines
Robo.cash has added Digido, a consumer lender from the Philippines, as a new originator on its platform.
The European peer-to-peer lending platform said Digido will offer consumer loans with annual returns of between 8 and 12% for a period of 7 to 183 days.
Read more: Robocash boss highlights group’s regional resilience
“Rates will be tied directly to terms as usual,” Robo.cash said in a blog post on its website. “Like all other loan originators on Robo.cash, Digido loans come with group redemption and guarantees.”
Robo.cash asked investors to adjust their portfolio settings to invest in the Philippines New Loans, if they stick to their investment strategy.
The Croatia-based company revealed last month that it had attracted €63m (£55m) in investment to its platform since its launch in February 2017.
The group has funded more than 490 million euros in loans to date and investors have won almost 10 million euros.
Robo.cash belongs to Robocash Group, an alternative finance group that operates in Europe and Asia.
Chief Executive Natalya Ischenko recently said the group plans to launch a new company in Uzbekistan and expand into Latin America this year.
“We primarily consider regions that have broad prospects for developing access to financial services,” she added. nomadic investor. “Furthermore, based on this, we analyze whether this or that direction suits our financial model.”