Robocash Group revenues rose 16.2pc last year
Robocash Group – the Singapore-based firm which owns the Robo.cash peer-to-peer lending platform – saw its revenues rise by 16.2 per cent last year.
According to the company’s audited consolidated financial results, by the end of 2022 Robocash Group revenues amounted to $139.1m (£110.65m), a 16.2 per cent year-on-year rise.
The Group had previously reported that its 2021 revenues totalled $327.9m, but a company representative told Peer2Peer Finance News that “previous reporting, including for the FY 2021, was conducted under combined perimeter of the Group, whereas the recently released audited report is consolidated.
“In other words it comprises only the holding company itself and its subsidiaries in the named regions, excluding the companies that were not consolidated subsequently and are no part of the Group.”
It is understood that the Russia-based consumer lending service Zaymer is no longer being included in the company’s financial reporting.
Robocash acquired Zaymer in 2018 saying that: “the success of the lending service in Russia provides a strong foundation for a dynamic expansion into the European and Asian markets.”
The most recent financial results also found that the group’s net profits stood at $13.1m by the end of 2022, while total assets reached $113.6m – a 50.5 per cent year-on-year increase.
“This reporting reaffirms our commitment for transparency for the ultimate benefit of the company and its investors,” said Natalya Ischenko, chief executive of Robocash Group.
“Our business in Central Asia, Europe and Asia Pacific Region has shown to be firm and stable. We are looking at expanding our scope to the new regions with a focus on investment brokerage, digital banking, and all the most promising areas of fintech”.
Read more: Robo.cash sees lower investment volumes in April as it limits new loans
