The loans from Singapore will be issued for up to 12 months and will be listed in euros
Robocash PTE Ltd., a Singaporean company of Robocash Group, has launched long-term commercial loans as a part of the P2P platform Robo.cash. This way, the platform’s users can invest in the development of the group in Southeast Asia (SEA).
The new product is made possible within the RC Riga partnership – a special purpose vehicle providing secured financing to the Robocash Group’s companies.
Robo.cash and RC Riga belong to the single financial group, so users will get a 100%-buyback guarantee on all investments.
The interest rate is expected to be 10% per year. Along with that, Robo.cash will offer to its users an annual return of 11% for the loans signed until December 31, 2019.