In 2021, Robocash Group issued 797.7 M USD worth of loans worldwide, a substantial increase of 147.4% from 2020. Following the trend, the Group’s revenue saw a similarly sharp increase – 327.9 M USD, up 152.6% from the previous year. Thus, Robocash group had greatly surpassed its initial yearly goal of doubling loan disbursements and income, reaching approx. 2.5x increase.
Robocash Group’s net profit for the period amounted to 31.8 M USD. In 2021, the Group put a significant emphasis on swift scaling of the newer products in Asia, as well as optimizing services in mature markets in search of better unit economics. While effective, these processes had affected the marginality of the business. Even still, the Group’s net profit saw a 33.6% increase from 2020.
Sergey Sedov, Founder and CEO of Robocash Group, reveals the plans for 2022: “This year, Robocash Group continues to aim for better unit economics across all markets of presence, optimizing the net profit. Our continued global expansion will include a new short-term loans product launch in Kenya. Additionally, the Group’s product line-up in the Philippines will be expanded with an introduction of an online marketplace.”
Robocash Group’s finances for 2021 are once again being reviewed by FBK Grant Thornton. The audited financial statement is expected to be published in Q2 2022.
