My opinion on Robocash
Robocash’s pros & cons
- Extremely interesting interests rates for very-short term loans
- The ergonomics and translations could be improved
- Longer-term loans don’t yield interests monthly
All loans are in Euro. Robocash currently offers a 12% interest rate for very short-term loans (1 month). Since July 2018, they also offer longer-term loans; their duration is up to one year, yielding the same intererest rate.
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.
The buyback guarantee triggers after a delay longer than 30 days. This is standard for most P2P companies.
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 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.
Website’s ease of use
English, German, Spanish, Latvian, Russian
Available languages & translations quality
Robocash’s website is available in many languages; however, the quality of the English translation could be greatly improved.
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.
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. Finally, I regret the lack of a FAQ once you’re logged in; it’s actually available from the home page.
It’s rather complete, although no XIRR is currently provided. You can see the amount of interests accrued, the average interest rate.
Actual performance of my Robocash portfolio
Because of the cash drag when I started investing in Robocash, my XIRR is lower than the expected 14%. However as I mentioned earlier the situation has greatly improved and the XIRR is climbing steadily ! As of June 2018, it stands at 12.96%.
I used to consider Robocash a better choice than Swaper because of the higher interest rate. Now thay they both offer 12% interest rates, I recommend Swaper instead as their website is easier to use. However, the punctual cash drags at Robocash and Swaper may incite investors to use both platforms for their short-term investments.
With interest rates below 11%, there’s not incentive to use ViaInvest; both competitors are much more interesting.
Robocash’s facts and figures
Who can invest
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.