Robocash Group, a Singapore-headquartered B2C alternative lending company, has said that it is planning to raise US$5 million via bond placement from Kilde.
Kilde is a global private debt investment platform.
“The proceeds from the issuance will help us to accelerate the business development. In 2021, we intend to increase the number of issued loans scaling our current products, as well as access new markets and expand the product range,” said Sergey Sedov, CEO of Robocash Group.
“In the near future, we are preparing to start an online lending service in Sri Lanka, and by the end of 2021, we aim to launch our first online bank in Southeast Asia. Working with an expert team from Kilde was easy, and we hope to have a long-term partnership with them,” he added.