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Payday lender Robocash seeks US$5m for Philippine banking licence

It is also going ahead with plans to raise US$70m via Australian IPO in December


SINGAPORE-headquartered payday lender Robocash Group is seeking US$5 million to be used as regulatory capital for a thrift banking licence in the Philippines, ahead of plans to go public in Australia.

The move comes six months after the Philippine authorities said that it...

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