Through Robocash, you can invest mostly in very short-term (one month) personal loans or in longer-term commercial loans, yielding 14% annually. These loans come with a buyback guarantee.
My opinion on Robocash
Unfortunately, in term of website ergonomics, the platform really lags behind these two competitors. We can only hope that the upcoming website redesign will improve this aspect !
In spite of this, the financial solidity of the platform and its related loan originators makes it a great choice to get some geographical diversification.
Robocash’s pros & cons
- Interesting geographical diversification in Asia
- Reliability of the platform’s parent company (Robocash Group)
- Poor ergonomics and translations
Overview of Robocash’s loans
All loans are in Euro. As of April 2020, Robocash offers mostly 14% interest rate for very short-term (1 month) microloans from Kazakhstan.
In late 2019, Robocash also started offering long-term commercial loans from Singapore. Their offer has evolved through time, and now their duration can be either three months, six months or one year. The interest rates used to be between 10% and 11%, but they got increased to 14%.
Loans from other countries such as Spain, Vietnam or Russian federation may also be available, depending on the current supply and demand.
In October – November 2017, the platform struggled to invest all my funds; later, in most of 2018, I usually had around 10% of my portfolio which didn’t get invested. In 2019 and early 2020, after they expanded their business in several Asian countries, the loans supply seems to be large enough, and I don’t have idle funds anymore.
There are currently 5 originators available on Robocash; the website provides a few details about each of them, including the loan agreement.
Although no financial report is available for the loan originators, they all belong to Robocash Group, which is largely profitable.
There used to be more originators, but two of them were removed in 2019. Moreover, in late 2019, the Philippines originator Robocash Finance Corp. was barred from operating, due to a license problem.
The buyback guarantee triggers after a reimbursement is delayed for longer than 30 days. It covers both principal and accrued interests.
Platform’s transparency and reliability
In term of transparency, and reliability, Robocash is doing rather well. First, although there’s no link to LinkedIn profiles, the management team is introduced on the website. Many statistics are also publicly available.
Moreover, Robocash’s parent company (Robocash Group) is a profitable entity; unaudited financial reports are available for the group, and show a net profit of more than eighteen million dollars in 2019. Audited reports are expected to be available in 2020.
As pointed previously, although no financial report is available for the loan originators, they’re also part of Robocash Group, which improves their reliability.
Impact of Covid-19 outbreak on Robocash
First, the platform increased rates; they’re now 14% for all newly issued loans, regardless of the location or duration.
The consequences on loans volume vary greatly from one country to another. According to a recent statement by Robocash CEO Sergey Sedov, the request for loans has decreased in India, but skyrocketed in Spain.
Before the introduction of longer-term loans, Robocash didn’t feature a secondary market. Due to the very short loans duration, it wasn’t really a drawback. Now that the platform provides loans longer than one month, it’s possible to sell them on the secondary market.
It’s quite hard to find out how to sell the loans. From the investments list, the loans that can be sold have a checkbox on their left; the chosen color makes it nearly invisible. On the following screenshot, the two first loans are not checked yet, while I selected the two next loans.
Selling your loans on the secondary market is free, and the loans are always sold at face value.
Manual investing at Robocash
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.
It’s possible to configure the auto-invest to buy loans from the secondary market, a feature that most competitors don’t provide.
One useful aspect of the auto-invest screen is that it provides a good overview of the loans provided by each originator :
- Operating country
- Interest rate
- Loan duration
This information would fit better in the screen introducing the loan originators; it’s one of the many weird design choices found at the platform’s website !
Website’s ease of use
Robocash’s registration process
Registration is quick and relatively easy, although once again the translations for several labels are a bit weird.
Account funding and funds withdrawal
Although the only way to fund your account is via a SEPA transfer, it should meet the need of most investors.
Website’s design and ergonomics
Robocash‘s 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.
Available languages & translations quality
The quality of the English translation could be greatly improved.
The reporting is rather complete; investors have access to the investments list, the transactions report, as well as several statistics about their portfolio.
The website features a rather expansive FAQ (Frequently Asked Questions) available; in spite of the sometimes weird translation, it’s quite useful.
There’s a contact form available on the website; in addition to this, it’s possible to get in touch with Robocash by e-mail or phone.
Communication from the platform
Apart from notification when transferred money reaches your investor’s account, the platform doesn’t communicate much.
Actual performance of my Robocash portfolio
At the end of July 2020, the XIRR for my Robocash portfolio was 12,17%.
The performance of my Robocash portfolio got a nice boost thanks to a bonus granted for being among the first investors.
Don't hesitate to read my most recent crowdlending portfolio review for detailed platforms performance comparison as well as historical performance.
Portfolio creation date
I created my Robocash portfolio in September 2017.
Robocash's main competitors
For a detailed comparison of the different p2p-lending marketplaces, check out this article.
Robocash's facts & figures
Number of investors
Loans amount financed
As of January 2020
Who can invest at Robocash
Any person age of 18, who has a bank account in one of the European Union countries, can become an investor on Robocash.
Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.