Robo.cash adds 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 that Digido will offer consumer loans with annual returns ranging between eight and 12 per cent for a period of seven to 183 days.
Read more: Robocash boss underlines group’s regional resilience
“The rates will be directly related to the 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 the buyback and the group guarantees.”
Robo.cash told investors to adjust their portfolio settings to invest in the new loans from the Philippines, if they meet their investment strategy.
The Croatia-headquartered firm revealed last month that it has attracted €63m (£55m) of investments on its platform since launching in February 2017.
The group has funded more than €490m-worth of loans to date and investors have earned nearly €10m.
Robo.cash is owned by Robocash Group, an alternative finance group that operates across Europe and Asia.
Chief executive Natalya Ischenko recently said that the group is planning to launch a new company in Uzbekistan and to expand into Latin America this year.
“We primarily consider regions that have broad prospects for developing access to financial services,” she told French blog Investisseur nomade. “Further, based on this, we analyse whether this or that direction is suitable for our financial model.”