Robocash Group – the Singapore-based agency which owns the Robo.money peer-to-peer lending platform – noticed its revenues rise by 16.2 per cent final yr.
In accordance with the corporate’s audited consolidated monetary outcomes, by the tip of 2022 Robocash Group revenues amounted to $139.1m (£110.65m), a 16.2 per cent year-on-year rise.
The Group had beforehand reported that its 2021 revenues totalled $327.9m, however an organization consultant advised Peer2Peer Finance Information that “earlier reporting, together with for the FY 2021, was carried out below mixed perimeter of the Group, whereas the lately launched audited report is consolidated.
“In different phrases it includes solely the holding firm itself and its subsidiaries within the named areas, excluding the businesses that weren’t consolidated subsequently and are not any a part of the Group.”
It’s understood that the Russia-based client lending service Zaymer is now not being included within the firm’s monetary reporting.
Robocash acquired Zaymer in 2018 saying that: “the success of the lending service in Russia gives a powerful basis for a dynamic growth into the European and Asian markets.”
The newest monetary outcomes additionally discovered that the group’s internet earnings stood at $13.1m by the tip of 2022, whereas whole property reached $113.6m – a 50.5 per cent year-on-year improve.
“This reporting reaffirms our dedication for transparency for the final word advantage of the corporate and its buyers,” stated Natalya Ischenko, chief govt of Robocash Group.
“Our enterprise in Central Asia, Europe and Asia Pacific Area has proven to be agency and steady. We’re taking a look at increasing our scope to the brand new areas with a give attention to funding brokerage, digital banking, and all probably the most promising areas of fintech”.
Learn extra: Robo.money sees decrease funding volumes in April because it limits new loans