Agritechph.com | Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021 | As of 31 Dec 2021, the total assets had amounted to 177.1 M USD, while total equity reached 66.8 M USD. Both the total assets and total equity had significant growth, by +85.6% and 51.3% respectively.
The revenue for the year had more than doubled the results of previous year, standing at 325.3 M USD (+148.6%), with the Net Profit had come out to 29.5 M USD (+22%). Meanwhile, the retained earnings of the Group had reached 66.7 M USD, gaining +56.7% from the end of previous year.
Robocash Group has reached several operational milestones. As of May 2022, the Group has issued more than 2 Bn USD, reaching over 20 million registrations. Notably, 81% of the disbursed loans were given to the returning borrowers.
Sergey Sedov, Founder and CEO of Robocash Group, comments on the company’s performance: “We are thrilled to have ended 2021 by out matching the previous year by a considerable margin. All thanks are owed to the teams across all markets, responsible for pushing the growth of our business to new heights. This year, our focus is on optimization of existing products, improving each project’s unit economics. On top of that, as our products in Southeast Asia are steadily gaining momentum, they are set to increase their share in the Group’s business.”
The audited combined financial statements for the year ended 31 December 2021, prepared in accordance with the International Financial Reporting Standards. The Annual Summary Combined Financial Statements have been reviewed by a Big 10 auditor FBK Grant Thornton.