Robo.cash updates on “dynamic” Kazakhstan originator
Robo.cash has updated its investors on the “dynamic” performance of its Kazakhstan originator, RC Riga Kazakhstan.
Over the course of 2022, RC Riga Kazakhstan’s net profits exceeded its target by 2.5 times, and its loan issuance increased by 60 per cent compared to 2021.
Meanwhile, the company has maintained a consistently high customer loyalty index of 82 per cent.
“2022 turned out to be a very dynamic year for the company,” said Robo.cash.
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“After February, business in Kazakhstan was able to increase the volume of loans through its own financing, maintaining leadership in the Kazakhstan property development loan marketplace.”
Robo.cash also updated investors on its Singapore originator RG Riga Singapore, which is currently raising funds for the development of the Robocash Group’s business model. The originator is also planning new product launches in Africa and Latin America.
Prestamer.es, Spain, one of Robo.cash’s Spanish originators, saw overall growth of five per cent in 2022.
Meanwhile RC Riga Sri Lanka saw its business begin to fully develop in 2022, Robo.cash said.
“The issued principal for the fourth quarter of the year exceeded the figures for the fourth quarter of 2021 by seven times,” Robo.cash added.
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UnaPay, one of the platform’s originators based in the Philippines, spent 2022 shaping the companies strategic vision. It currently aims to add new merchants and update the mobile app.
Meanwhile the platform’s other Filipino originator, Digido, became part of the Fintech Alliance – the largest financial technology and digital player association in the Philippines.
During 2022, loan issuance increased by 35 per cent compared to 2021, and the number of repeated loans increased by 79 per cent. Net profit showed growth of 16 per cent.
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