Microinsurance Philippines | Robocash Group published the reviewed consolidated financial statement for H1 2021 | Robocash Group aimed to accelerate the growth by doubling its disbursement volume and revenue. By H1 2021, the group had disbursed 326.5 M USD worth of loans, exceeding last year’s results for the same period by 134.1%.
The group ended the first half of the year with a net profit of USD 15.4 M, and revenue of over USD 137.1 M generated during the period. Robocash Group has exceeded the results of the same period last year by +43.9% and +144% respectively.
Sergey Sedov, CEO of Robocash Group commented: “The growth at which our business has been developing is staggering, and we have no intentions of stopping. We will continue to strengthen our leading positions in Russia, Kazakhstan and the Philippines. At the same time, we intend to further scale our Buy Now, Pay Later and Salary Loans solutions. Finally, we aim to launch our own neobank in the Philippines, offering a variety of financial lifestyle products to the un- and underbanked.”
About:Robocash Group is a group of companies, which provides fintech services in Asia and Europe. Founded by entrepreneur Sergey Sedov in 2013, the group focuses on providing modern finance solutions for the underserved by the traditional banking system. All products of the group are built completely in-house using artificial intelligence, machine learning and data-driven technologies to provide precise and comprehensive risk management, comfort and speed for customers and efficiency for business. For the time of operation, the group has gained more than 15 million customers and provided financing in the amount of 1.2 billion USD.