Robocash hits $500m issued loans as of Q3

The number of served clients significantly increased in Vietnam, Indonesia, and India.

Financial lending service Robocash has issued hit $500m of total loans as of Q3, an announcement revealed. Total issued loans skyrocketed 92% YoY during the first nine months of 2019 compared to the same period last year.

Robocash shared that it plans to hit another $294m.
Established companies of the group maintained predominance in the overall loan portfolio, with Russia accounting for 63% of all loans issued in Q3, followed by

Kazakhstan with 15%, and Spain with 4%. At the same time, the share of Asian markets grew to 19% in Q3 compared to 16% in the previous quarter.

The group also reportedly saw the number of its customers rise to 7.9 million count, the highest dynamic recorded coming from Asian countries. India led the gains with the number of served customers soaring 333%, followed by Indonesia which more than doubled by 172% and Vietnam with a 98% increase in customers.