is offering some of the highest rates available. We speak with CEO, Founder and Head Robot Sergey Sedov offers some of the highest returns available anywhere right now was included in our recent list of P2P investment sites for busy people that are fast and simple to use. It offers market leading interest rates for loans with buyback guarantees – 14% interest rates can be found on the site currently. While the number of investors is still relatively small, it is growing very quickly, as awareness grows of the high returns, and positive experience of investors to date.

However we think that interest rates are only one of several things investors should consider. The lending track record and financial strength of a lender / platform is also very more important. In this regard the group appears to be performing very well, with profits of almost €8 million in 2017, and a lending track record going back to 2010. While 8 years does not seem like a long time, in the European P2P world this makes it one of the more established players.

Investors currently have the option to choose loans from Spain, Russia and Kazakhstan. The site is an ‘auto-invest’ only style, meaning that investor funds will be allocated to loans automatically, and no manual selection is possible. As the loan maturities are very short (and will be re-invested frequently), and buyback guarantees are in place, we think this is a sensible approach. 

There are a couple of areas where could make improvements. Firstly, investors are currently limited to investing €10,000 per annum. While for many investors this will not be a concern, it could limit the attraction of the site for investors with larger sums to invest. Secondly, investors are not allowed to use the services of sites such as Transferwise or Currencyfair to fund their accounts. This is a pity and we hope that it can be resolved soon. 

Still, we expect to continue its fast rate of growth, and to attract a lot of new investors this year. We think that the combination of market leading interest rates (for buyback guarantee loans), a simple to use site, and a successful operating company is likely to make this an interesting proposition. The main risks we see with is the location of the loans – Russia and Kazakhstan are still emerging markets and are outside the EU. For that reason we would expect most investors to include loans within a diversified P2P investment portfolio, in combination with P2P investments held on other sites such as Mintos

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Interview with Sergey Sedov, Founder and CEO of

Hi Sergey, can you please tell us about yourself and your background. You setup your business in 2010, what were you doing prior to that?

Hi Hans. Well, I’ve been running business since I was twenty. My first IT-company was founded in 2002 when I was studying at the university. After getting a broad experience in the markets of real estate, commerce and production I managed to raise enough money to co-found the lending company known as FinTerra. It is the very company which marked the start of the financial holding we have today. provides loans from your lending companies in Spain, Russia and Kazakhstan. Can you explain the legal structure of the group for investors? Which company is operating the platform, and where is it located? Which company / companies provide the buyback guarantees?

To start with, is a part of the financial group which also includes already mentioned six affiliated lenders. The platform operated by SIA Robocash which located in Riga and registered in the Latvian commercial register works as an intermediary between investors and the credit companies providing short-term lending. The headquarters of the financial group is located in Russia and we also have offices in Kazakhstan, the Philippines and Indonesia which ensure development in those countries. There are plans to continue growing internationally. As for the buyback guarantee, it is provided by the lenders completely and there is a reserved provision fund at which has been sized to cover a month buyback.

What types of loans does provide?

Currently, the lending group of companies is specialized in the issue of short-term PayDay loans only. However, there are plans to expand the opportunities within the consumer lending for borrowers and provide larger loans for longer terms.

Are all of your lending companies operating profitably? Your website mentions that the group made a profit of €7.9m in 2017, so things seem to be going well….?

At the moment, there are no final figures on the profitability for 2017. As soon as there any update we will publish the information. Nevertheless, 2017 turned to be successful for all companies of the financial group. There was a great increase in the issue of loans, e.g. the volume of provided loans grew in Russia twofold and in Kazakhstan fourfold.

How do you manage your credit risk? What has been the trend in your default rates over the last year?

Having an extensive experience in the marketplace lending we have designed the own high-quality scoring completely in-house. Our team continuously improves the scoring and our results prove its efficiency. The default rate in the online lending amounted to 12 % in Russia and 14,5% in Kazakhstan in 2017.

Do you own the whole group or are there other shareholders?

Today the financial group unites seven operating enterprises with a different share distribution in each company. The investment platform working within the frames of the European Union and Switzerland, the lenders working online in Russia, in Spain and in Indonesia also providing online PDL-loans are owned by me completely. Other companies like the offline lender FinTerra, working offline and online in Kazakhstan and the new enterprise in Philippines have been co-founded with my participation.

There’s a lot of P2P platforms operating in Europe. What are you trying to do to differentiate yourself?

The key difference is in our business model “peer-to-portfolio” which simultaneously combines advantages of peer-to-peer and peer-to-business models with a complete automation of the investment process. Investors of invest in short-term loans issued by the affiliated credit companies. Being a united financial group, we undertake all risks which can arise because of extensions on payment or default. Many other p2p platforms leave it to investors and rarely deal with borrowers. doesn’t provide manual investments. We believe that automation greatly saves time of investors, simplifies the process and puts investors in equal terms. Briefly speaking, the fully automated platform based on a peer-to-portfolio model helps investors to earn more in less time with a greater confidence about the money.

All of your loans come with buyback guarantee. Can you explain how this works? How many loan extensions do you permit a borrower to make before it is classed as a default? appeared 7 years after the first lending company of the financial group started its work in 2010. To be mentioned, that by the start of the investment platform, the group already had an extensive experience in the microfinance market in Kazakhstan and Spain. Before, all companies were financed from the own funds completely, no third-party companies were involved so we clearly understand the concern of investors for their assets. Nevertheless, we are the first to be interested in the efficient work of the whole financial group. You already know that the buyback guarantee is provided to investors by the affiliated lending companies which work closely with borrowers. Credit companies have high-quality scoring developed completely in-house, own customer service and support departments which deal with clients in case of extensions or default loans. Technically, there are unlimited extensions possible, however, we always try to come to a solution which would satisfy both parties in order to return funds and keep clients positive about the service.

Do you accept payments from investors via Transferwise and Currencyfair?

In order to provide proper accounting and due to requirements of the bank serving our account, Robocash accepts funds transferred from bank accounts only. Payments made via Transferwise and Currencyfair are not accepted.

You are borrowing in euros and lending in some other currencies. Do you hedge this currency risk?

All risks with currency exchange are carried by the lending companies and referred to their own expenses.

You currently have a limit of €10,000 of investments per annum. We understand this is due to AML rules. Can you explain why this limit is in place? Other platforms don’t have these limits, so why is this a problem for Are there plans to lift the limit?

You are right, there is limit of €10,000 on investments. At the very launch of the platform, it was an AML requirement from our partner bank in Latvia servicing our account. However, quite soon after the launch, we observed a great demand for investments on the platform and found the limit to be quite a fair solution for an automated service to put investors on equal terms. There are plans to lift it when we integrate the platform with the Russian lending company Due to legislative hurdles, the integration process has taken longer time than we expected at first but we are about to finish it quite soon. It is one of the key tasks we are working on currently.

What are your plans for the platform? How many customers are you hoping to attract?

Well, the question here is not about the number of customers, but their quality. We are determined to attract €10 million by the end of 2018. However, success of is in many respects up to the efficiency of the whole financial group as the platform attracts non-banking financing to the affiliated credit companies which provide loans. Apart from already mentioned integration with the Russian lender, we are going to provide an opportunity to fund PDL-loans issued by the Philippine lender which started its work by the end of 2017. Furthermore, today is open to investors from the European Union and Switzerland and there are plans to attract customers from some other countries in Europe.

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10 thoughts on “ is offering some of the highest rates available. We speak with CEO, Founder and Head Robot Sergey Sedov

  1. Robin Reply


    Do you have any loan originator ratings or financial information about (not the group) or the loan originators on the platform?


  2. James Reply

    And this is my story with RC.
    I was interested to invest in RC (and unfortunately didn’t read those comments here yet) so I sent a queation to RC support about funding via Revolut. After several days still no answer. So I registered, tried the transfer and my funds was successfully credited to RB account.
    I created an Autoinves portfolio and was waiting what will happen…. and it happen: ………….nothing. I realize there was 0 match with the actual loans, so I tried to move with everithing on the page to get higher match than 0 and successfully got: …………0. I spotted something like: “Your funds will be used within a day.” I decided to wait.
    Meanwhile I sent another query to RC support about function their support. Day after I’ve got an answer, that this was my first mail from me. Another day after I got another answer, that my previous mail (the real first one) was found in spam folder.
    Next day I logged in to my RC accout to see how many loans I got: ………..0. Than I opened the autoinvest settings page again and I saw: “Your funds will be used within an hour.”
    So I logged in again after 1,5 hour full of expectations annnndddd???? ………….still 0. Money was sitting untouched in the account and the expressive line told me that: “Your funds will be used within a day.”
    OK. Than I pack up my money and ran as fast and far away as I could.
    Now, after few days, the money making beautiful 12% somewhere else and I’m happy that this experience cost me relatively nothing (could be potencially much more expensive) as I got whole amount immediately back.
    During the running day I also sent another quetion to RC support:

    On your main page is stated, between the other advantages, “High funds turnover”.
    So I’d like to ask why all my funds on my account lied untouched over a day, meanwhile in the portfolio appears: “The funds will be used within a day”, than: “The funds will be used within an hour” and than again: “The funds will be used within a day”.
    It looks like in reality you have an insufficient of loans for investing and me as an investor will never reach to that 12% of interest in the end, because most (or part) of the funds will uninvested rest in the accout. Isn’t that true?
    What is real average monthly loan turnover in RC?
    Thanks for your reply in advance.
    Best regard,

    And quess what?
    Yes, still no answer till today. Probably is my mail somewhere in a spam folder.
    Today I found those comments and realize even if all my funds would be invested, I would be cheated with interest…. this is “funny”.
    I will give no recommendations about RC, a picture can do everyone by itself. I will just wish you a pile of luck with multiplication of your funds and
    Have a niceone.

  3. Gaudente Reply

    if the buyback guarantee is honored , accrued interest is interest you have already earned but not been paid yet , same as in the bond market. It is actually a better way to evaluate your portfolio compared to other platforms.

  4. ZDENEK Reply

    I didn’t consider accrued but unpaid interest. Why is there such a thing at all? There is no other platform with such a thing like this and it decreases overall return (having a delayed interest payment would result in additional interest at other platforms). I have a suspicion that it’s their type of fee (basically giving robocash a short term loan as our interest that no longer yields anything is still unpaid to investors).

  5. Gaudente Reply

    have you checked all capital is invested ? when did you start ? Did you consider also accrued but still unpaid interest ?

  6. Zdenek Reply

    Anyone can explain why my earnings are poor eventhough interest rate is close to 14% and portfolio seems to be constantly invested. Is there a possibility that buyback includes principal only and there is quite high default rate meaning most of the interest is unpaid? My return on investment is between 4-5 %.

  7. Gaudente Reply

    I speak to Mr. Sergey hoping he is reading this…. you are surely paying high fees to cover forex risk from RUB and KZT , why not consider some investor might wish exposure to such currencies if offered a better yield ? For example , instead of paying 7% for an EUR/KZT 1 year non deliverable forward why not offer to invest in KZT currency at 14+7 = 21% ?

  8. Lasse Reply

    The interview says that Transferwise and Currencyfair is not accepted. However, I am using Revolut for deposits and withdrawals and this works beautifully

    • Oscar Harrington Reply

      Thanks for the tip Lasse – Revolut seem like it could be a great option, particularly as their FX rates are so good.

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