Robo.cash review

Robo.cash review

Robo.cash is an excellent way to invest your money in very short-term loans.

GLOBAL RATING

Loans duration

1 month or less

Loans kind

Individual

Minimal investment

€10

Buyback

Buyback guarantee available

Secondary market

NO secondary market available

Auto-invest

Auto-invest available

Pros

  • Extremely interesting interests rates for very-short term loans

Cons

  • The ergonomics and translations could be improved

Interests rate

14% for short-term, secured loans is great

Loans liquidity

The loans volume is currently large enough to prevent the past cash drags

Reporting

Complete and useful, excepted for the missing XIRR

Buyback guarantee

Robo.cash offers standard buyback terms

Platform ergonomics

The platform could be more polished

Funding methods

SEPA transfer

Languages

English, German, Spanish, Latvian, Russian

See also

Overview of Robo.cash

Robo.cash offers secure, short-term loans with an interest rate of 14%. It took me a while to discover it, and for some reason I initially wasn’t very compelled to invest money there. Maybe the ‘robo’ part reminded me of scams like binary options robot ? Well, anyway, I ended up registering with them and don’t regret it.

Registration process & account funding

Registration is quick and easy, requiring you to only supply very basic informations. Although the only way to fund your account is via a SEPA transfer, it should meet the need of most investors.

Secured loans

Robo.cash currently offers a 14% interest rate for very short-term loans (1 month). As of this writing, it’s probably the best offer in the market for such a short duration ! In October – November 2017, the platform struggled to invest all my funds. Now this cash drag seems to be over, apart from some uninvested cash from time to time. They extended their loan offer in Russia, which greatly increased the available volume.

Buyback

The buyback guarantee triggers after a delay longer than 30 days. This is standard for most P2P companies.

Secondary market

There’s no secondary market. However, as Robo.cash loans are very short-term it’s not an actual drawback.

Auto-investing

It’s not possible to invest manually; use of auto-invest is mandatory.

While the initial auto-invest screen had several rather confusing labels, it’s been redesigned. It is now easier to understand, although there’s still room for improvement.

Website ergonomics

The website is globally easy to use, but the interface is far from being as streamlined as most competitors.

One minor annoyance is that if you ever want to see a loan agreement, it isn’t displayed in your browser but downloaded as a Word document. Also, the English version isn’t as well translated as some competitors, but is obviously legible enough. Finally, I regret the lack of a FAQ once you’re logged in; it’s actually available from the home page.

Reporting

It’s rather complete, although no XIRR is currently provided. You can see the amount of interests accrued, the average interest rate.

Actual performance

Because of the cash drag when I started investing in Robo.cash, my current XIRR is currently 12.50%. However as I mentioned earlier the situation has greatly improved and the XIRR is climbing steadily !

Conclusion

Now that they increased the loans volume, Robo.cash is a serious competitor to Swaper thanks to a very high interest rate. I can only hope that it will stay at the current level !

(last update : June 12th, 2018)

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