An international fintech holding Robocash Group prepares for a 5 M USD bond placement in the coming days together with Kilde. The group intends to use the proceeds to support its further growth. After this initial step, the company may consider another issuance in a larger amount.
The company plans to issue bonds with the global private debt investment platform Kilde in Singapore. The securities with the maturity period of 3 months and a monthly coupon payment frequency will be available for institutional and accredited investors only.
Headquartered in Singapore, Robocash Group has been delivering alternative lending services in Asia & Europe since 2013. Currently, the Group also focuses on the development of software for online banking. The company has been growing rapidly since its inception, increasing in profits every year to reach 24 M USD in 2020. In 2021, it crossed the milestone of 1 Bn USD worth of issued loans and now aims to increase the growth pace.
“We are glad to approach such an important step. The proceeds from the issuance will help us to accelerate the business development. In 2021, we intend to increase the amount of issued loans scaling our current products, as well as access new markets and expand the product range. In the near future, we are preparing to start an online lending service in Sri-Lanka, and by the end of 2021, we aim to launch our first online bank in Southeast Asia. Working with an expert team from Kilde was easy, and we hope to have a long-term partnership with them” – said Sergey Sedov, CEO of Robocash Group.
Radek Jezbera, Co-founder and CEO of Kilde, followed: “We are delighted to partner up with such a strong player in the digital lending space. Robocash Group’s team provided full cooperation in undergoing the due diligence and credit risk assessment, which enabled us to secure attractive terms for the investors.”
This bond private placement will be the first for Robocash Group in Singapore. After this initial step, the company may consider another issuance in a larger amount. Earlier this year, the group’s affiliated entity MFC Zaymer successfully debuted with the bonds emission on the Moscow Exchange, raising over 4 M USD. Now, the company prepares to issue another 13.7 M USD worth of bonds. Disclaimer: This material is for general information only and should not be regarded as an offer, solicitation, advice or recommendation to buy or sell investments, securities or any other financial services or banking products.
Robocash Group is a group of companies, which provides fintech services in Asia and Europe. Founded by entrepreneur Sergey Sedov in 2013, the group focuses on alternative consumer lending and marketplace funding. All products of the group are built completely in-house using artificial intelligence, machine learning and data-driven technologies to provide precise and comprehensive risk management, comfort and speed for customers and efficiency for business. For the time of operation, the group has gained more than 14 million customers and provided financing in the amount of 1 billion USD.
Kilde is a regulated platform for alternative investments from Singapore. The platform was launched by a team of consumer finance and alternative lending experts and is licensed by the Monetary Authority of Singapore. The platform allows accredited investors, family offices, wealth managers and funds to invest in securitised deals previously available only to large institutional investors.