Baltic

Estonia, Latvia, Lithuania

International P2P Lending Volumes December 2020

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Assetz Capital* and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 359 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms. This month I added Brickfy*.

Milestones achieved:

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending statistcs december 2020
Table: P2P Lending Volumes in December 2020. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Bondster*, Brickfy* Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, October*, Peerberry*, Proplend*, Ratesetter*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes November 2020

wiseclerk 2 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Ratesetter and Peerberry*. The total volume for the reported marketplaces in the table adds up to 261 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending volumes nov 2020
Table: P2P Lending Volumes in November 2020. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Bondster*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, MyTripleA*, October*, Peerberry*, Proplend*, Ratesetter*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading →

Preview of Upcoming Reinvest24 Secondary Market

wiseclerk

Estonian property marketplace Reinvest24* will launch its secondary market (buying and selling among investors) next week. On Reinvest24 investors can invest into the equity of property and then participate on monthly rental payments and potentially capital gains at exit (if the property is sold).
The secondary market feature had been first announced more than a year ago, but has been postponed several times. Now I was given access to the demo system, where I could try out the feature with a test account. Main parameters of the secondary market are:

  • seller can list parts with discounts, premiums or at par
  • buyer pays 1% transaction fee
  • seller can list any shares they own (including those where payment is overdue or in default)
  • rental payments go to the investor holding the share at the time of payment (no split between seller/buyer)

In the buying process the investor gets visualized the shares on offer (‘reflection of the market state) for a project at different prices by horizontal grey bars:

reinvest24 secondary market buy

If the investor then decides to buy parts it looks like this:

reinvest24 secondray market buy 2

At the time of my test, the demo version lacked filters, but Reinvest24* will add the ability to filter soon. The concrete launch date has not yet been set, but Reinvest24 expects it to be in the second half of next week.

I only have a small investment amount at Reinvest24 to gain first-hand experience with the marketplace. My investments there have performed satisfactorily so far through the pandemic.

While the features for the market are very basic it allows for increased liquidity for those investors that want it.

International P2P Lending Volumes October 2020

wiseclerk 4 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Ratesetter* and Peerberry*. The total volume for the reported marketplaces in the table adds up to 289 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms. This month I have added Reinvest24* and Robocash*.

Milestones reached:

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending statistics october 2020
Table: P2P Lending Volumes in October 2020. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Bondster*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Kameo*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, MyTripleA*, October*, Peerberry*, Proplend*, Ratesetter*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, ThinCats*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading →

Mintos will run Equity Crowdfunding Round on Crowdcube

wiseclerk

Breaking news: p2p lending platform Mintos* will run an equity crowd on british equity crowdfunding platform Crowdcube. Mintos states ‘As far as startups go, Mintos has raised very little capital so far. We have grown to become the market leader in continental Europe largely fueled by our own revenue. We see a huge market opportunity ahead of us, and to accelerate our growth and develop new products we are raising money. Our fundraising round includes both venture capital and crowdfunding. ‘.

No details regarding the amount to be raised or the valuation have been shared yet. The pitch is set to go live in late November

Corwdcube plans to merge with Seedrs*.

 

 

Heavyfinance launches platform for loans backed by heavy machinery

wiseclerk

Startup Heavyfinance* has launched a platform for lor loans backed by heavy machinery, the first of this kind in the p2p environment as far as we know. The loans are backed by machinery in Lithuania (currently, the company plans to add Latvia, Portugal, Spain and Bulgaria and other EU countries), but the platform is open to investors internationally.

CEO and co-founder Laimonas Noreika told P2P-Banking: “First of all, every farmer, lumberjack and construction company has some heavy-duty vehicles that usually are not taken into account when traditional financial institutions evaluate their risk level. Consequently, those small and medium businesses cannot get loans, even though they have many assets to use as collateral in case of a default. Furthermore, prices of heavy equipment are extremely stable due to the nature of this highly international market. Used combine harvesters, tractors, excavators and other heavy-duty vehicles can easily be exported to foreign countries and transportation costs are relatively low compared to the size of the transaction. ”

Lainmonas has a lot of experience in the p2p environment as he co-founded Finbee* in 2015, a Lithuanian platform for consumer and business loans.

Main parameters of the loans on Heavyfinance* are:

  • Interest rates from 9% to  14%
  • minimum investment 100 EUR
  • loan terms usually between 4 months and 3 years
  • no fees for investors
  • secondary market
  • machinery is insured and serves as security for the loans

Investors can choose to invest in loans depending on the risk they are willing to take. Risk levels are indicated by letters A (lower risk), B (medium risk) and C (higher risk). Consequently, while you could earn up to 14% interest rate by investing in C risk level loan, A risk level loan would bring you around 10-12% interest rate depending on the amount you’ll invest.

Talking about the risk assessment in more detail, these are the main criterias the platform looks at:

  • Financial statement for past 2 years;
  • Balance sheet;
  • Cash flow statement;
  • Reputation of business owner;
  • Loan-to-value ratio

Regarding the COVID-19 pandemic situation Laimonas stated: “It is safe to say that the agricultural sector was one of the least negatively affected. One of the challenges we noted was a limited supply of heavy-duty vehicles and farm equipment parts due to the shutdown of some production facilities and the disruption of supply chains. …”

HeavyFinance is supervised by The Central Bank of Lithuania under the track of crowdfunding platform operators.

heavyfinance founders
Heavyfinance founders