Robocash Group has published its management accounts for the first half of the year. According to them, the revenue of the group amounted to $74.3M, while the net profit equaled $4M. The group intends to continue the growth by entering new markets and diversifying its product line.
Singapore | July, 2023 — The volume of loans issued by Robocash Group during the first half of 2023 reached $292.7M. At the same time, client registrations equaled 1.6M.
Looking at the group’s performance this year, it has shown a remarkable growth in net profit, which increased by 67% in Q2 compared to the previous quarter. Meanwhile, the revenue of the group rose by 20.5%, and loan disbursement grew by 21.9% during the same period.
Chief Executive Officer of Robocash Group, Natalya Ischenko, comments on the results of the group: “We were able to achieve greater profits at lower costs thanks to business optimization and improved operating performance. In the second half of 2023, we will continue streamlining current processes and focusing on efficiency of the business. Apart from it, we intend to enter new markets of operation and expand our product line, which will allow us to maintain the growth.”
This July, Robocash Group has already expanded one of its services – Buy Now, Pay Later solution UnaCash in the Philippines. It has upgraded the service to offering point-of-sales loans to customers accessible via online and in-store partner merchants.
About Robocash Group:
Robocash Group is a group of companies, which provides FinTech services in Asia and Europe. Founded in 2013, the Group focuses on providing financial 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.
Image by: Robocash