Singapore-headquartered online lending firm Robocash Group has announced it is now raising funds to finance the launch of its digital bank in the Philippines called “Una Bank” by September 2020.
While Robocash has expanded offline with its various branches around the country, it started out and still is primarily an online lending company.
Other advantages of fintech financing were related to its accessibility.
Based on the data of 1.52 millions of Filipinos who have used online lending services in 2019, the analysis has shown that urbanization facilitates online lending.
The findings were based on the data of more than 1.2 million unique visitors who have used smartphones to access to the online loan service of Robocash Group this year.