Robocash Review 2024

Overview of Robocash

Robocash is a well-known player in the peer-to-peer lending space, providing short-term consumer loans. Launched in 2017, it has rapidly gained fame in the P2P lending space, offering an automated investment platform wherein investors could earn passive income by providing loans through its parent company, Robocash Group. This high level of automation reduces the need for the investment process significantly, which is highly beneficial for new P2P investors.

Getting Started with Robocash

It is very easy and straightforward to start investing in the platform. First, a new user has to register and perform the verification of an account. The user then can deposit the funds into the account. The platform supports different ways of payment, like bank transfer or digital wallets, making this depositing procedure very convenient. With the account funded, an investor is free to start picking loans for investment manually or can simply use the auto-invest function to automate the investment on preset functions.

Main Features

There are a few features that make this platform very interesting.

• Auto-Invest Option: This useful option helps diversify a portfolio and reduces the necessity of frequent manual interventions.
• Buying Back Guarantee: This feature is very important, as it guarantees that an investor will receive both the invested principal and the accrued interest, even if the borrower is late with repayments for more than 30 days.
• No Secondary Market: Robocash doesn’t provide a secondary market, but due to the focus on short-term loans, it typically does not have an impact on a high liquidity.

Interest Rates and Returns

Investors in the Robocash platform can expect very competitive returns, with typical interest rates of between 10% and 12%. These are quite attractive rates in comparison with most conventional banking products and remain competitive within the P2P sector. The company’s focus on short-term loans insulates investors from the fluctuations in the markets over the long term, making it more likely that returns can be consistent.

Risks and Safety Measures

Every P2P investment comes with its share of risk, and Robocash is no exception. However, the company has put in place several measures to help secure investments:

• Buyback Guarantee: This feature insulates investors from any loss in case a borrower defaults on payment.
• Group Guarantee: All loans are guaranteed by the financially robust Robocash Group, offering investors still more security.
• Regulatory Compliance: Company operates in strict compliance with the guidelines set forth by the European Union, thus offering a safe and transparent environment for investment.

Platform Usability and Support Robocash is a platform that is user-friendly and is very easy to navigate, making it ideal for complete beginners and seasoned investors. Moreover, its customer service is top-notch, with a detailed FAQ and email support, offering quick and effective responses.

Pros and Cons

• Pros
  • High Returns: With the available automated tools on the platform, passive generation will be facilitated while using your account with minimum input from the user.
  • Safety Nets: With features such as the buyback guarantee in place, it offers colossal protection against the risks of default.
  • Easy to Use: A site that is easy to navigate.

• Cons
  • No Secondary Market: The platform has no secondary market for those who need fast liquidation.
  • Loan Diversity: Since the platform is only focused on consumer loans, platform offers little diversity compared to many platforms which include business or real estate loans.

Robocash vs. Competitors 

Comparing Robocash to its competitors, such as Mintos or PeerBerry, Robocash is unique with its automatic investment processes and a portfolio focused solely on short-term consumer loans. On the downside, these may be seen as limiting due to the lack of a secondary market and the very narrow focus on loans, though platform does boast strong performance metrics and a very wide range of safety features.

Conclusion and Recommendations

Generally, Robocash proves to be a great option for those investors who want to diversify with short-term consumer loans. Automation features, competitive returns, and a wide range of safety measures make the platform secure and attractive. Robocash is ideal for P2P newbies and hands-free investors. A perfect platform to invest in. However, in deciding if this platfrom is suitable for potential investment based on a certain focus and specifics, it would be liquidity needs and preference for investment diversity. Therefore, this review should be good to potential investors, showing the subtle offers from Robocash to enable informed decisions that are in tune with the financial strategies. For more insights and comparisons, check out our comprehensive review page.