What is Robocash?

As for all Peer-to-Peer lending platforms, Robocash is a financial platform that allows investors to invest in loans, in exchange for payments of interests over time. Robocash is an already established platform, as it was founded in 2017. They are based in Zagreb, Croatia.

Even if they share a lot of similarities with other Peer-to-Peer lending platforms, they put a strong focus on security for the investors, as they are backed by a large financial group, the Robocash group, which itself operates since 2013. I will talk more about this point when analysing the loan originators of the platform.

They also put an emphasis on automation and being a completely passive source of income for investors, which is what we'll verify later in this review.

They currently have around 25,000 investors registered on their platform, and funded over 350 millions Euros worth of loans since they started operating in 2017.

What returns can I expect from investing on Robocash?

The returns you can expect on Robocash depends on which loans you invest in, which I will tell you more about when we'll see how to use the platform. Currently, with the loans listed on the platform you can get up to 12.3% annual interests, and most loans are in the 11-12% range, making it one of the best platforms in the field at the moment. 

Is it safe to invest on Robocash?

The question of the safety of the investors funds is central when investing on a Peer-to-Peer lending platform, as they will be managing all the money that you deposit on the platform and invest it in loans. When reviewing a new platform before adding it to my portfolio, I look at three things: what the platforms offers in terms of guarantees, the company itself (and their team), and finally the source of the loans present on the platform.

Risks & guarantees on Robocash

On Robocash, all loans present on the platform are covered by a buyback guarantee, which is now pretty standard on similar platforms. This means that if a borrower doesn't pay back a loan for a period of 30 days, the loan will be automatically paid back to the investor. 

The company & the team

As I mentioned earlier, the company is operating from Croatia, and as for all platforms I add to my portfolio I checked if the company was officially registered in Croatia, and it is indeed.

They also are completely transparent about their team on their website, with a complete description of the role of each person in the team, which is also something I appreciate seeing on a platform.

Before investing on a new platform, I like to check in details the profile of the management team of the company, so for example I checked the LinkedIn profile of the CEO of the company:

I found that he has a great track record in the field of finance & lending, being involved in several lending companies before creating the Robocash group back in 2013. 

Projects originators

As I mentioned earlier, one of the particularity of Robocash is that the company is part of the Robocash group, that also controls all the loan originators attached to Robocash. This lets them control their operations closely, and in returns add more security for investors.

They are also completely transparent about their loan originators location, and display them in a dedicated page that is easily accessible from their site.

Getting started with Robocash

It is actually really easy to get started with Robocash and have your money start generating rental income on the platform.

The first step is to open an account and get verified. This was done really quickly, and including the ID verification part it was all done in under 5 minutes.

Next, you will have to deposit funds in your account to start investing in loans and generate interests. This is also really easy to do with Robocash, as you can do it via a bank transfer.

Once this is done, you can actually start investing in loans on the platform. For that, the only option is actually to use the auto-invest function, as they put a strong focus on automation on their platform.

Those are the settings that I used:

As usual, I put the maximum investment to 10 Euros, an interest rate of at least 11%, and a maximum term of one year. Even with those settings, there were still over 2000 loans available on the platform, meaning there will always be enough loans to invest in on the platform.

As for all the platforms I review, I also tried to withdraw money, and the money was back on my account in just 1 day.

My Results so far with Robocash

I activated the auto-invest function on Robocash in 2021, and it should give me an average return of 12% annually. It is of course too early to talk about long-term yields on the platform, but I can say that so far everything went smoothly and I will definitely invest more on the platform in the future.