Robocash Review

Robocash Review

Investors [01.2019] Investments [01.2019] Founded Country
4’000 58.3 M EUR 2017 croatia flag
Croatia

Rate this platform

Average rating 4.7 / 5. Vote count: 3

Robocash details

Investment currencies EUR
Accepted investors EU, Swiss
Return on investment (ROI) – average 12%
Minimum investment amount € 10
Investment period 18 days
Default rate 0%
Investment fees 0%
BuyBack guarantee Yes (30 days)
Auto-invest Yes
Secondary market No
Trustpilot Score (Safety)  

About Robocash

Robocash is a platform ideal for new crowdfunding investors: Robocash is really simple to use, you just need to setup the auto-invest functionality and the platform will take care of investing your money. The return rate of investments is around 12% and the short loans’ term (18 days average) will increase the returns above 12%. The downside of this platform is that we have small visibility about the loans invested in.

All investments come with BuyBack guarantee, which means that if a  borrower doesn’t pay you back your investment, this feature will kick-in to give you back your investment.

In 2019 the platform has moved its operations from Latvia to Croatia, making it the main Croatian p2p lending platform available on the market.

Robocash Group:

The company is an integral part of the holding Robocash Group providing financial services in eight countries in Europe and Asia. Robocash Group originated in Russia in 2013 and is active in the field of consumer lending.

The group focused monthly on short-term loans and installment loans provided both online and offline with more than 5 million customers of the group, and over 4.3 million of issued loans.

Here are the financial information of Robocash Group:

robocash group financials

Figure: Robocash Group financial (source: Robo.cash)

Please remind that these are the numbers of Robocash group and not Robocash. But it can show us some form of security that Robocash is backed-up by a bigger and profitable mother company.

Performances:

Robocash offers returns of 12% average (which is aligned with the European market average of 12%). And since the average loan term is 22 days, the returns will be reinvested faster generating +12% return.

How it works:

Here is how Robocash works:

  • Investors send, via a bank transfer to Robocash, the funds they want to invest in crowdlending and sets an auto-invest profile with information such as return on investment, investment duration (loan term) and reinvestment strategy (should the interests be reinvested)
  • Borrowers on the other side, apply to loan originators companies to ask for a loan. Robocash provides us these informations: Unsecured loans are issued for a period from 7 to 30 days in the amounts from €14 to €420 while ecured loans are issued for a period from 1 to 12 months, in the amount from €353 to €14 120.
  • Loan requests from loan originators are aggregated in the Robocash marketplace. All loan originators are companies of Robocash Group.
  • Robocash automatically invests in the loans based on the auto-investment setup of each investor.

robocash how it works

Figure: How works Robocash

This platform has no manual mode to invest. All investors are under the same condition. The money is invested by a fully automated system (based on investors criteria). Just add funds to your account and they will be invested and you’ll get monthly interests.

While some investors might not like it due to the limited amount of configuration and choices, it has a big benefit to be fully time-saving.

Safety:

All investments are provided with a BuyBack guarantee. It means that in case a borrower doesn’t pay back the loan of the interests for more than 30 days the BuyBack system will kick in.

It will then take up to 60 days that return to the investor the invested funds and missing interests.

Investment types

Personal/consumer loans (microloan, installment loan)

Investment example

Investment result forecast

Below you will find the resulting forecast when investing using Robocash compared to investing the same amount in the US stock market (US stock market: 6% average yearly growth in the last 30 years).

By investing €1’000 using Robocash for 15 years you might end up with €5’474 (€3’077 more than with the stock market).

Robocash bonus and cashback

You can register to Robocash by clicking the button below. You’ll be able to benefit from their loyalty program:

+0.1% ROI from 1’000 – 2’999 invested
+0.3% ROI from 3’000 – 4’999 invested
+0.5% ROI from 5’000 – 9’999 invested
+1% ROI from  10’000 invested

Robocash competitors

crowdlending platforms

Useful links