Robocash Review: Top 5 P2P Lending Platform in 2024!

Robocash is a big, established and equally popular platform in the P2P lending environment.

Its popularity is based on many factors: Competitive interest rates, high liquidity and strong reliability in times of crisis. It is therefore no surprise that Robocash has been one of the most popular platforms among P2P investors in recent years.

This Robocash review tries to cover everything investors need to know prior making an investment on the platform. Is Robocash worth your time and money? Let’s find out!

All the information that are covered in this Robocash review are based on my own personal research. Please make sure to do your own due diligence before investing on this or any other P2P platform. More information can be found in the Disclaimer.

Further analyses of other platforms can be found on my P2P Platform Review page.

Summary

Before we get started, here is a quick summary with the most important information about Robocash.

• Robocash is a P2P platform registered in Croatia where investors can invest in short-term consumer loans and earn a return of up to 11.8%.
• Robocash was primarily established as a financing platform for the international lending operations of the UnaFinancial Group (formerly Robocash Group), which has decades of experiences in the financial sector.
• Due to the combination of competitive interest rates, high liquidity and reliable repayments, Robocash is among the best platforms in the current P2P lending environment.
• Robocash’s popularity is highlighted by its excellent community voting results. In the last three years, Robocash has been consistently one of the three most popular P2P platforms. In 2024, Robocash even took first place.

About Robocash

Robocash is a P2P platform based in Croatia, on which investors can invest in a variety of international consumer loans, earning a return of up to 11.8%. The operational launch of the P2P platform took place in February 2017.

The Robocash P2P platform is part of UnaFinancial (formerly Robocash Group), which was founded in 2015. This is an international fintech company with several lenders. These lenders also provide loan financing via the P2P platform, which was launched in 2017.

Based on its history and outstanding loan portfolio, Robocash is one of the largest and most established platforms in the current P2P lending environment.

Robocash’s popularity is consisently highlighted in regular top rankings of the annual community voting. This popularity is primarily due to a combination of competitive interest rates, high liquidity and reliable repayments.

UnaFinancial (Robocash Group)

The UnaFinancial company (formerly known as Robocash Group) is a global fintech company headquartered in Singapore. Since 2015, the company has been active primarily in the European and Asian markets. The company’s lending activities focus in particular on short-term and unsecured consumer loans, which are offered to borrowers both online and offline.

With the inception of the Robocash P2P platform in 2017, the company wanted to establish another financing source for its loan portfolio. Currently, about 33% of all loans are financed with funds of the P2P platform.

Ownership and Management

Who are the main shareholders and management executives behind Robocash? Let’s have a look!

Robocash Ownership

Who owns Robocash? The ultimate beneficial owner of Una Financial (99+%), who also exercises control over the Robocash P2P platform, is the Russian citizen Sergey Sedov. He also is the CEO of the Robocash P2P platform since February 2017.

Sergey Sedov holds a PhD in economics (from the Institute of the Russian Academy of Sciences) and has 20+ years of experience in corporate management, lending and real estate.

He entered the credit sector in 2010. That year he founded “FinTerra”, a non-bank lender in Russia. This was followed three years later by “Robot Zaymer”, a fully automated online credit service in Russia, which paved the way for the development of the Robocash Group.

Robocash Management

Since February 2017, Sergey Sedov is the CEO of the Robocash P2P platform. The other management members consist of a number of experienced managers from the financial industry, which in turn strengthens the competence and integrity of the platform’s operations.

On this page, investors can gain further insight into Robocash’s team members.

Business Model and Finances

Throughout the process of due diligence, investors should also have a look at the business model of a P2P platform as well as the overall financial situation. How does the company earn money? Does the platform operate profitably? And how well is the company positioned financially? In the following paragraphs of this Robocash review, you can follow-up on those questions.

Monetization

How does Robocash earn money? As Robocash was primarily established to raise funding for the UnaFinancial holding company, the platform’s financial KPIs are of secondary importance. Instead, a closer look should be taken at the financial situation of the parent company. Last year’s annual report of the UnaFinancial Group reveals that the Group earns its money primarily on three different levels:

1. Net Interest Income: Net interest income is the interest spread, meanding what the borrowers have to pay in interest and what Robocash pays out in interest to fund the loans – for example to Robocash investors.
2. Fees and Commission Income: The second biggest pillar is fee and commission income. 
3. Operating Revenue: Other operating income accounts for the smallest share of the revenue.

Profitability

Is Robocash profitable? The parent company UnaFinancial was able to generate a consolidated profit of USD 81,000 in 2023. This compares to USD 13 million in the previous year. According to Robocash, the decline in earnings was essentially due to two factors: The numerous investments in new projects and the strategic decision to sell the lending business in Vietnam, given the economic risks.

The annual report was audited by Grant Thornton and prepared in accordance with IFRS standards. 

Sign Up and Bonus

To invest on Robocash, investors must meet three requirements:

• Minimum age of 18 years
• Residence in Europe, Switzerland or the United Kingdom
• Bank account in Europe, Switzerland or the United Kingdom

The registration process at Robocash is simple and intuitive. After opening the account via email, the KYC (Know-Your-Customer) and AML (Anti-Money-Laundering) questionnaires must be completed. This is followed by the verification of identity.

Legal entities have currently no possibility to register on the platform.

Robocash Bonus

Fancy a cashback bonus with Robocash? Then we recommend using this link when registering on the platform. This provides new investors with an unlimited 0.5% cashback bonus for all investments made in the first 30 days after registration.

For an investment of EUR 10,000, this corresponds to a bonus of EUR 50.

Investing on Robocash

On Robocash, loans can only be selected automatically and not manually. In the following sections you will learn what else you need to consider when investing on the platform.

Loan Offering

Currently, investors can invest in loans from five different borrower countries: The Philippines, Kazakhstan, Sri Lanka, Singapore and Spain. The majority of the loan portfolio comes from Singapore, where also the headquarters of the Robocash Holding are.

Robocash offers both private consumer loans and business loans on its platform. In the case of business loans, investors have the opportunity to finance the business development of the Robocash Group (Kazakhstan, Sri Lanka and Singapore).

Depending on the lender, the loan term can be up to 30 days (Spain) or up to three years (Sri Lanka). The average loan amount on the platform is EUR 140.

Costs and Fees

There are no fees or hidden costs for private investors on Robocash. Neither for deposits or withdrawals, nor for the functionalities when investing on the platform.

Expected Returns

Which returns can be expected on Robocash?

It is important to understand that interest rates are adjusted dynamically depending on the market situation – especially on Robocash, where there have been many adjustments in the past.

The interest rates on Robocash range from 8% to 11%. According to the platform, investors can achieve a return of up to 11.8%. This is by taking into account the loyalty program where an additional bonus can be earned, depending on the amount invested:

• Gold: +0,5% with EUR 20,000 until EUR 49,999
• Platinum: +0,8% from EUR 50,000

Robocash Auto Invest

On Robocash, investors can invest in loans only via Auto Invest. As a result, the returns are automatically reinvested in the self selected criteria. A manual selection of loans is not possible.

How does the AI work on Robocash?

With the Robocash Auto Invest, individual lenders can be selected as well as the term of the loan, the interest rate, the investment amount per loans or the maximum size of the portfolio.

What else there is to know?

The minimum investment amount per loan is currently EUR 10, which is standard practice for most platforms. Also, Robocash applies a monthly deposit limit, similar to Bondora Go & Grow. On Robocash, this limit is EUR 25,000 per month.

Secondary Market

On the Robocash secondary market, investors can sell their loans prior maturity, in case the loans are not in the buyback process. The platform itself does not buy back any loans. The trading is therefore happening only among investors. For using the secondary market, no costs or fees apply for either the seller or the buyer.

Buyback Guarantee

Robocash offers a buyback guarantee. This way, investors are compensated both the outstanding principal as well as the outstanding interest as soon as the borrower is more than 30 days late in the repayment schedule.

So far, Robocash lenders have always honoured the buyback guarantee.

Robocash Forum

The P2P lending industry is a fast-moving environment. Hence, make sure to stay on top of all relevant information by subscribing to my channels on Telegram or WhatsApp. This way, you will always receive the latest information from the P2P industry, including platform news regarding Robocash. 

Robocash Taxes

Generally, interest income generated by loan financing is considered investment income and must be reported as such on the tax declaration.

Unlike other platforms, Robocash does not withhold taxes through interest income such as in Latvia or Lithuania.

For the tax statement, investors navigate to the “Account statement” tab in the main menu. Here investors can select the category “Tax report” for the statement type. This information can then be downloaded and used for the tax declaration.

Robocash Risks

Investors should look very carefully at the potential risk factors when evaluating a P2P platform. What is it that investors need to be aware of when it comes to Robocash? Where are the underlying risks and how can they be assessed?

Platform Risk

The P2P platform is operated by Croatian company “Robocash d.o.o”. However, with the operational launch of the platform in 2017, Robocash initially had its platform registered in Latvia. When the financial supervisory authority (FCMC) wanted to introduce regulation for local investment companies, Robocash was one of three (later four) P2P platforms that subsequently relocated their registered companies abroad.

The fact that Robocash currently operates as a P2P platform in Croatia and is therefore not subject to any regulated supervision should be taken into account by investors when weighing up the risks. Together with the separation of investor and company funds, these are the two most important aspects that are not present on the platform.

What speaks in favour of Robocash is its long track record since 2017, during which there have never been any problems in the form of repayment or withdrawal difficulties – even in times of crisis such as the coronavirus pandemic or the war in Ukraine. The “clean” profile of the shareholders and Robocash employees also speaks in favour of the platform’s integrity and honest intentions.

Lender Risk

Robocash only finances the loans of its own parent company UnaFinancial. This provides better control to be able to react in the event of potential problems. It also makes it easier to track and monitor the financial stability of the group company, which has issued a buyback guarantee for its loans.

If there are isolated loan defaults, these are covered by the lender’s buyback guarantee. To date, the buyback guarantee has been honoured by all lenders and no losses have yet been incurred by investors.

Robocash in Crisis Situations

In recent years, P2P platforms have had to overcome a number of crisis situations. Be it in the form of the coronavirus pandemic or the war in Ukraine. How did Robocash react and perform in these risk situations?

Corona Pandemic

As with all other P2P platforms, Robocash experienced a short-term decline in the funded loan amount and managed loan portfolio. On the positive side, Robocash was able to fulfil all disbursement requests immediately during this time. In addition, no other measures were introduced, such as moratoria or new terms of use, which would have had a negative impact on investors.

War in Ukraine

The war in Ukraine had no direct impact on Robocash at first glance, since the P2P platform’s credit markets are all located outside of Ukraine and Russia. The platform has its business headquarters in Croatia, they work with a Dutch bank for payment processing and the Robocash Holding headquarters is located in Singapore.

Nevertheless, the parent company has been affected by the events of the war in Ukraine. In particular due to the sanctions against Russia, where the Robocash Group generated 60% of its revenue in 2021. As can be seen from the annual report, the Group was nevertheless able to achieve a positive result (USD 13+ million).

Advantages and Disadvantages

In this section, I have listed the most important advantages and disadvantages of Robocash.

Advantages

• Track Record: Robocash has been operationally active in the P2P lending environment since 2017.
• UnaFinancial: The parent company is an internationally established and profitable fintech.
• Financials: The UnaFinancial Group has been extremely profitable in the lending business for many years.
• Annual Reports: Audited annual reports are published on a regular basis.
• Returns: The platform offers competitive interest rates.
• Crisis-Tested: Robocash has not experienced any restrictions during crisis situations.
• Defaults: So far, investors on Robocash have not incurred any losses.
• Liquidity: Short-term assets and a 30-day buyback guarantee ensure maximum liquidity.

Disadvantages

• Regulation: Robocash is not controlled or monitored in any way by a financial supervisory authority.
• Conflicts of Interest: Overlapping shareholders between the platform and the lenders.

Robocash Alternatives

Which Robocash alternatives can you find in the current P2P lending environment?

If you look at the main characteristics of the platform, in terms of its long history, business model and focus on one lending segment, Robocash is best compared with P2P platforms such as Bondora or Viainvest.

Bondora

With a track record dating back to 2008, Bondora is one of the oldest P2P platforms on the market. Other parallels to Robocash are the lack of regulation, the profitability of the parent companies and the focus on consumer loans. Furthermore, Bondora does not allow you to set your own investment criteria, as investors can only invest in Bondora Go & Grow. Further information can be found in my Bondora review.

Viainvest

Viainvest shares many similarities with Robocash as well. The platform was launched in 2016, while the parent company started lending in the non-banking sector back in 2009. Like Robocash, Viainvest is an extremely cautious but reliable P2P platform with competitive interest rates. Further information can be found in my Viainvest review.

You can find other Robocash alternatives on the P2P Platform Comparison page.

Community Feedback

The Robocash ratings within the P2P lending community are extremely positive, if the results of the annual P2P community voting are taken into account. Since its debut in 2022, the Croatian-based P2P platform has always been voted one of the three best and most popular P2P lending platforms in the market.

In 2022, Robocash was voted the third most popular P2P platform (3.71 points; 62 ratings), in 2023 the platform achieved a strong second place (4.13 points; 93 ratings) and in 2024 Robocash even received the best rating of all 30 P2P platforms (3.66 points; 163 ratings).

Following Robocash, the most popular P2P platforms in 2024 have been Profitus, Viainvest, PeerBerry and Esketit. The ratings are based on my P2P Community Voting 2024.

Summary Robocash Review 2024

What is the final verdict of this Robocash review?

The Croatia-based Robocash platform is one of the biggest, most established and most popular platforms in the current P2P lending environment.

This result is primarily due to the support of the UnaFinancial Group, a well-managed and financially extremely stable company. As the platform has delivered reliably in recent years – even in times of crisis – it comes as no surprise that it is one of the favoured platforms among P2P investors.

Robocash is offering a competitive risk/reward profile across all platforms, which is why certain cash drag situations cannot be avoided. Nevertheless, Robocash is one of the best addresses for investors that are looking for an additional opportunity to diversify their portfolio.

FAQ Robocash Review