Robocash Review
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Highlights
- Earn up to 8%- 11% APY
- Buyback Guarantee
- Autoinvest
- Tested Platform
- CashBack
- Regulated
Statistics
Year Founded
2017
Investors earnings
€ 20M
Number of Investors
35.000
Loss of Investors Money
€ 0
Interest
€ 8%-11%
Average portfolio Size
€3.817
loan Period in Months
1-24
Latest Financial Report
Table of Contents
Robocash Review Summary
Robocash offers a user-friendly P2P lending platform featuring a dependable buyback guarantee and a consistent annual return of up to 11%. The platform consistently updates its portfolio performance, bolstering our confidence in Robocash. Our interaction with Robocash has been exceptionally positive
What is Peerberry?
PeerBerry stands among Europe’s leading P2P lending platforms. Since 2017, it has served over 72,000 users who collectively earned over €20M in interest. Offering short-term loans backed by a buyback guarantee, investors can enjoy interest rates of up to 12.5% annually. Curious if PeerBerry aligns with your investment goals? Dive into our detailed PeerBerry review to explore further. Robocash currently lists loans with an interest of up to 11%, which makes any investment in Robocash very attractive. Sign up now and start earning money.
PROS
- Easy to use platform
- High interest rates
- Backe by a profitable finance group
- No fees
- Secondary market
CONS
- Manual investments are not supported
- Not regulated
- Limited loan availability
- Cash drag
Our Opinion Of Robocash
Here’s a summary of the key points we mention:
Buyback Guarantee:
- Unlike some other P2P lending platforms with a 60-day buyback guarantee, Robocash offers a shorter period of 30 days.
- Robocash’s buyback guarantee allows investors to receive their funds back sooner, not having to wait for an extended period.
- The unique aspect of Robocash’s buyback guarantee is that the loan originator repays both the outstanding principal and the interest for the delayed period, a feature not common among various loan originators on other platforms like Mintos.
Continuous Earning of Interest:
- Even when borrowers are late with payments, investors on Robocash continue to earn interest on their funds, which is not halted during the delay period.
Robocash Interest Rates:
- Robocash has recently updated its product offerings, introducing interest rates based on the loan period, with rates now increased to up to 12% per year.
These aspects highlight the unique features of Robocash, such as its shorter buyback guarantee period, continuous interest earning during payment delays, and updated interest rates based on investment periods, offering potential returns of up to 12% annually. Evaluating these factors can assist investors in assessing whether Robocash aligns with their investment goals and risk tolerance levels in the P2P lending sphere.
User Requirements
- Be over 18 years old
- Pass the KYC
- Verify your identity
- Verify your bank account (IBAN)
Is Robocash Safe?
Many P2P investors inquire about the safety of investing in a particular platform. In 2020, numerous platforms that appeared legitimate suddenly halted operations, resulting in substantial financial losses for investors, amounting to millions of euros. Even in [year], there are still fraudulent schemes that one should remain vigilant and avoid.
There is no absolute assurance that such occurrences cannot transpire with any platform. However, one can enhance the likelihood of making sound investment choices by diligently researching the platform before committing funds.
Let’s explore our investigation into Robocash:
Leadership of the Company: Sergey Sedov established the Robocash investment platform. Although previously the CEO of the UnaFinancial Group, Natalya Ischenko has assumed the role, transitioning from her prior position as the COO. Natalya brings a wealth of experience, boasting two decades in the banking and auditing sectors.
For a deeper understanding of the UnaFinancial Group and Robocash, consider watching our latest P2P talk to gain personal insights into the organization’s operations.
PeerBerry also offers a mobile application for user convenience.
The PeerBerry app provides a swift overview of your portfolio. Users can easily access information about their available funds, invested funds, paid interest, and annualized net return.
A notable feature of the app includes a daily interest repayments chart.
Within the “Investments” section, users can gain insights into their portfolios, categorized by loan originators and types. Additionally, the PeerBerry app offers a dark mode for enhanced user experience. For timely updates on portfolio performance, it’s advisable to enable all notifications.
Auto Invest
Liquidity
Considering liquidity, which might not be top-of-mind but is crucial, is essential.
During uncertain financial times or when exploring alternative investment avenues, quick access to your invested capital becomes paramount.
Robocash facilitates liquidity through a secondary market available for all investments, allowing you to sell and exit your investments within a few days.
Investing in P2P marketplaces or platforms focused on short-term loans enhances the accessibility of your investments.
Robocash has demonstrated efficient liquidity management, meeting its obligations without reports of negative investor experiences related to liquidity concerns such as pending payments, suspended lenders, or funds undergoing recovery.
Even during the COVID-19 outbreak in 2020, Robocash excelled without struggles, recording profits exceeding $20 million, while consistently fulfilling its investor commitments. In 2021, the finance group furthered its success, securing a $28 million profit. Despite economic challenges stemming from the conflict in Ukraine in [year], Robocash continues to honor its commitments to investors.
Support
The customer support team at Robocash is notably responsive.
They have consistently addressed any inquiries we’ve raised within a 48-hour timeframe. You can reach them via email at support@robo.cash or by calling +385 1344-58-18. Alternatively, filling out their contact form ensures a prompt response from the team.
Despite being a smaller P2P platform registered in Croatia, Robocash typically offers commendable support services. Utilizing Robocash’s Live Chat function directly on their website is recommended for efficient communication.
Despite the relatively limited loan availability on Robocash, it remains one of the most dependable P2P lending platforms in the market.
Robocash alternatives
FaQ About Robocash
Robocash serves as a peer-to-peer lending platform allowing investors within the European Economic Area to participate in loans facilitated by the Robocash Group. Investors have the potential to earn annual interest rates ranging from 8% to 13% based on their chosen loan duration. Interest accrued from these investments is credited to investors’ accounts on a monthly basis.
Robocash adheres to all necessary legal regulations governing its investment platform based in Croatia. Its lending entities comply with local laws to ensure the lawful issuance of loans. Additionally, the Robocash Group furnishes audited consolidated financial reports, bolstering the platform’s legitimacy.
Robocash investment platform has been consistently able to fulfill the obligation towards investors. The platform provides a 2FA which increases the safety of investors’ accounts. All the listed loans on Robocash are backed by a 30-day buyback guarantee which has been honored so far.
The commercial loan obtained by RC Riga Singapore is allocated toward fostering the growth of the Robocash Group in Southeast Asia. Primarily, these funds are earmarked for the creation of financial products in the Philippines and the expansion of operations in India and Sri Lanka
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