Robocash review 2021
Check out our Robocash review, and learn if you should use their platform.
Overview of Robocash
We find the return compared to the safety favorable.
The Robocash P2P platform is fairly beginner friendly.
Robocash has made some safety measures.
Investors get an average return of 12.00%.
We Don’t Like
Summary: Robocash is a good platform for investing in P2P loans with high returns. The security of the platform is great. We have hoped to see more loans on the platform and increased diversification opportunities. But with investments starting from just €10, it is still a platform that is interesting for most people. However, only if you can live without the option to select loans manually.
It’s completely free of charge for investors
Last updated: February 18, 2021
Introduction to our Robocash review
Robocash is a newer P2P lending platform on the market. And since the platform does not have a long history, we decided to investigate how safe the investors are on Robocash’s platform.
Since you are currently reading this Robocash review, we assume that you are actually considering investing through their platform. And if you are, we encourage you to read the review carefully. We explain in depth about both the benefits of Robocash, but also the drawbacks. In addition, we also find out which alternatives you can consider.
If you just want to find information about a specific thing in our Robocash review, please use the navigation below. You can of course also choose to read the entire review. However, while you read, please be aware, that the review only expresses our own opinion and investigations. You should therefore not consider anything in this Robocash review as financial advice.
Learn about the following in our Robocash review:
What is Robocash?
Robocash is a P2P lending site that specializes in short-term payday loans. Robocash is part of the Russian Robocash Group which has existed since 2013.
Their platform was introduced in February 2017. Since then, their platform has just grown bigger and bigger. Their growth rate is around 100% annually. Below you can see the company’s management statement of Robocash Group’s figures and statistics:
As the name suggests, Robocash works much like a robot. At Robocash you can invest in P2P loans with their auto invest function. This means that the platform itself invests in new loans as when there is excess money in your account. This way you can run your investments on autopilot.
The loans have a buyback guarantee, which means that Robocash must repurchase the loans if the borrower cannot repay the loan. The guarantee is valid unless Robocash one day goes bankrupt. But on the basis of their company figures, it does not appear to be preliminary.
Robocash is, as a lot of other P2P platforms, located in Riga, Latvia. The loans on their platform are however both from Europe and Asia.
Compared to a lot of other P2P lending platforms that have been around for longer, Robocash is still a quite small platform.
|Interest rate:||10 – 14 %|
|Loan period:||1 – 12 months|
|Loans funded:||€ 200,000,000 +|
|Min. investment:||€ 10|
|Max. investment:||€ 15,000 / month|
No investment is 100% safe. So even though Robocash protects your money with buyback guarantees, etc., you still risk losing your invested capital.
Robocash Trustpilot reviews:
A lot of investors have rated the Robocash investment platform on Trustpilot. This has resulted in an excellent TrustScore:
As Robocash has been endorsed by a lot of the investors, the platform is definitely worth considering:
In the following part of this Robocash review, you can learn about some of the main features on the platform.
1. Robocash auto-invest
If you want to invest via Robocash, it is mandatory that you set up an auto-invest strategy. To do so, you must first create an account. Also, make sure there are funds in the account.
Once you’ve done that, just log in to your account, and go to “Invest”. From here you can set up your very own auto-invest strategy:
In your auto-invest strategy, you need to specify what it should be called, and how much you want to invest.
Then there are a number of parameters you can adjust. For example, you can decide how much you want to invest in a single loan, as well as what interest rate you want.
In addition, you can decide for yourself how you want the money invested. Should the return be minimized? Do you want to reinvest the full amount? Want to invest only in 30-day loans? Is there a loan originator you want to be deselected?
All this, and much more is possible in Robocash’s auto-invest. So even though it is only possible to invest with auto-invest, you get an auto-invest that can get the job done.
2. Robocash secondary market
In 2020, the Robocash secondary market was introduced on the platform. This feature allows investors to sell long-term loans and withdraw money before planned.
It is possible to both buy and sell loans with a maturity of at least one year without any additional fees for either the buyer or seller.
In order to sell a loan on the secondary market on Robocash, it’s required that you have at least owned it for 6 months.
If nobody purchased your loan within 14 days on the secondary market, Robocash will buy it from you on day 15.
What rate of return can you expect?
At Robocash you can expect a return of around 12%. It is the average return for investors on their platform.
If you are looking for an even higher return, you could instead turn to more business and real estate focused platforms like Flender, EvoEstate, or ReInvest24. But keep in mind that a greater risk typically follows greater reward.
Who can invest via Robocash?
At the time of writing, it is possible to invest via Robocash via countries in the European Union and Switzerland. But they have written on their website, that they are working on adding more countries to the platform in the future.
If you live in one of the countries above, you can invest both as an individual, but also as a company. However, there are some additional requirements that you must live up to.
The additional requirements for investing on their platform are as follows:
- Being at least 18 years old
- Having a bank account in the EU
- Verified identity
If you meet all of the requirements above, it’s possible for you to invest through Robocash.
Would you like to invest through Robocash? Then press the button below. It will lead you directly to the Robocash website. From here you can learn more about the platform, and also create yourself an account. That way, also you can enjoy the high return loans with buyback guarantees on their platform:
How safe is Robocash?
Security is a very important thing when investing your money through online platforms. In this Robocash review, we have therefore taken a look at what the company offers of security to its users.
When dealing with loans, there is always a likelihood that the borrower will not repay. Here Robocash offers a so-called buyback guarantee.
The Buyback guarantee helps secure your funds. Because if the borrower’s payments are delayed more than 30 days, then Robocash will have to buy your share of this loan. In addition, Robocash must even pay you the interest you would otherwise have received from the borrower.
But keep in mind that a buyback guarantee is only as secure as the one offering it. So let’s take a closer look at how robust Robocash is.
How solid is the company
Unlike a lot of other P2P lending platforms, Robocash actually operates within a financially stable group of companies.
But it is both good and bad. The good thing is that the Robocash platform does not have to be profitable in order to survive. However, there is also the backside that if the other assets in the group become unprofitable then it may have consequences for the Robocash platform. So the situation is slightly different from many other P2P lending platforms that only have the platform to deal with.
What happens if Robocash folds?
In case Robocash has to throw the towel in the ring, a procedure has been made for this.
Here, investors will get all the information about which transactions have taken place on the platform. From here, a liquidator or administrator will ensure that the necessary information is handed over to a suitable controller.
Generally speaking, it is very much in line with the security that is also offered on other platforms to secure your investments in the event of bankruptcy.
Conclusion of our Robocash review
Robocash does not have the best designed platform, and the formulations on the platform could also use an update.
On the other hand, they have a growth platform that offers you as an investor a favorable return of around 12% per year.
Investing on the platform is reasonably safe. Robocash protects you with their buyback guarantee. But as you know, a guarantee is only as secure as the one issuing it. Here, however, Robocash also excels by being in net profit.
When investing through Robocash you have to use their auto invest function. However, it is good, and with all the functions you can expect.
And the best part is that you can try to test their platform for as little as €10.
Would you like to try the platform after reading our Robocash review? Then you can get to their site by pressing the button below. From here you can create an investment account, and try the Robocash platform: