Bondster originator launches summer cashback offer
Bondster originator Right Choice Finance Corporation (RCFC) has launched a summer cashback offer.
Bondster’s users can earn one per cent cashback by investing in one of RCFC’s loans on the European lending marketplace, until the end of August.
RCFC launched in the Philippines in 2016 and primarily issues business loans with a buyback guarantee. Users can invest in loans in the Philippines and Singapore. Its loans on the Bondster platform offer investors an average annual return of 16 per cent.
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More than Kč311m (£11m) of RCFC loans have been funded on the Bondster platform to date. All RCFC investments offered so far on the platform have always been properly repaid, including interest and penalty fees, Bondster said.
RCFC has been given an A- rating by Bondster, which said that the lender is in good financial condition and has a strong ability to meet its obligations.
RCFC is a subsidiary of Singapore’s Right Choice Capital.
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Bondster is headquartered in the Czech Republic and has more than 12,000 investors, who have invested over £60.7m since the platform’s inception in 2017. Annual returns range between eight and 15 per cent.