Robocash to raise money before Australian IPO and plans to launch neobank in the

Singapore-headquartered FinTech Robocash is planning to list on the Australian Securities Exchange and is reportedly looking to raise $5m to launch a neobank in the Philippines.

Robocash offers a robot-based consumer lending and marketplace funding solution in Russia, Kazakhstan, Spain, India, Indonesia, Vietnam and the Philippines and is planning to go public in December. It has said that the move will see it raise $70m.

Until then, it is planning to raise $5m to fund a banking licence in the Philippines.

The company was launched in 2017.

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