Robocash Group published the reviewed consolidated financial statement for H1 2021

Robocash Group published the reviewed consolidated financial statement for H1 2021

Robocash group, a global fintech holding, has published its consolidated financial statement for the six-month period of 2021. The Interim Condensed Consolidated Financial Report was reviewed by a Big 10 auditor FBK Grant Thornton in accordance with International Financial Reporting Standards.

Robocash Group aimed to accelerate the growth by doubling its disbursement volume and revenue. By H1 2021, the group had disbursed 326.5 M USD worth of loans, exceeding last year’s results for the same period by 134.1%.

The group ended the first half of the year with a net profit of USD 15.4 M, and revenue of over USD 137.1 M generated during the period. Robocash Group has exceeded the results of the same period last year by +43.9% and +144% respectively.

Sergey Sedov, CEO of Robocash Group commented: “The growth at which our business has been developing is staggering, and we have no intentions of stopping. We will continue to strengthen our leading positions in Russia, Kazakhstan and the Philippines. At the same time, we intend to further scale our Buy Now, Pay Later and Salary Loans solutions. Finally, we aim to launch our own neobank in the Philippines, offering a variety of financial lifestyle products to the un- and underbanked.”

Neel Achary

Neel Achary

Neel Achary is the Editor of Business News This Week, He has 20+ years of experience in digital marketing, business consulting. He holds a master's degree in Economics.

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