Inditrade Capital decides to execute MOU with Robocash

Inditrade Capital has decided to execute a Memorandum of Understanding (MOU) with Robocash Pte (Robocash), a company incorporated under the laws of Singapore, engaged in the business of online and offline retail lending, for entering into a joint venture which will be engaged in online and offline consumer lending.

The Joint Venture (JV) aims to leverage the technology platform and global experience of Robocash to provide ‘payday loans’ to individuals in India.

Inditrade Capital (formerly known as JRG Securities) is engaged in equity and commodity broking businesses, with strong presence in South India.