Baltic

Estonia, Latvia, Lithuania

International P2P Lending Volumes November 2018

wiseclerk 4 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Zopa and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 473 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 Debitum Network*.
I removed Unilend, as the platform has closed and the company has gone into receivership.

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 November 2018
Table: P2P Lending Volumes in November 2018. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

EDIT: The volume for Swaper was 2.0M EUR.

Notice to p2p lending services not listed: Continue reading →

Mintos to Provide Debit Cards and IBAN Accounts to Investors

wiseclerk 1 Comment

Mintos LogoP2P lending marketplace Mintos* has raised 5 million EUR in a Series A. The money is earmarked to provide new features for investors.

Mintos will be magnifying its role in the financial services sector by adding personal IBAN accounts and debit cards to its established global lending marketplace in the near future. The IBAN personal accounts will give investors the ability to make and receive payments from around the world, including receiving a salary directly to their Mintos account. Meanwhile, the Mintos card will allow investors to make transactions around the world or online and withdraw money at ATMs.

This will be made possible by the e-money licence Mintos is applying to receive. As an Electronic Money Institution, Mintos will protect money held by investors under the European PSD2 legislation.

Martins Sulte, Mintos CEO and co-founder: “Providing customers with a personal IBAN account and debit card will mark a major leap in our services and significantly improve the user experience. Soon, everybody with their own IBAN accounts will be able to give the account details to their friends, companies or customers to get paid, to pay using a debit card, and to continue using Mintos for investing in loans around the globe and earning great returns. Our upcoming mobile app will make it even more convenient.”

The fintech startup has a fast-growing customer base of 87 000 investors from 71 different countries, with plans to open doors to more users in additional locations. With 100 000 registered investors forecasted by the end of the year and 300 000 by the end of 2019, Mintos will be focusing efforts on investor acquisition and expanding to additional global markets. To accomplish this, Mintos plans to significantly invest in doubling the size of its team.

The 5 million EUR series A funding comes from existing investors Grumpy Investments (previously, Skillion Ventures), Riga based venture capital firm that is focused on investing in technology companies.

Clearly Mintos attempts to position itself away from a pure investment offer to a broader financial service.

International P2P Lending Volumes October 2018

wiseclerk 2 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Zopa leads ahead of Mintos* and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 481 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 Crowdproperty*.

Dofinance* crossed 50M EUR total volume lent since launch.

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 Statistic October 2018
Table: P2P Lending Volumes in October 2018. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Notice to p2p lending services not listed: Continue reading →

Configuring the new Mintos Secondary Market Autoinvest for a Test

wiseclerk 6 Comments

Mintos* has announced a new feature – the autoinvest can now be used to buy loan parts on the secondary market too. I am setting up a new autoinvest to test it and am curious how many loan parts I will be able to acquire with this new feature. Just like on the primary market there are many selections adjustable.

Mintos Auto Invest Secondary market
Screenshot Mintos Auto Invest Secondary Market

Mintos will roll out the new feature to all investors on Dec. 3rd. Only selected investors will be unlocked earlier. Mintos* says investors can deposit an additional 5,000 EUR to add to their balance to get early access. Also investorswhich have invested at least 50,000 EUR will have early access.

Mintos Auto Invest Secondary Market Details
Screenshot: Further details of Mintos Auto Invest Secondary Market

For the further details of the test, I set the secondary market auto invest to buy loans with at least 10% YTM, a maximum loan term of 30 month and at least 0.5% discount. I left the interest rate open, as the restriction is not really necessary for me in this case in conjunction with the YTM and the discount.. For ‘Do you want to reinvest’ and ‘Include loans already invested in’ I choose ‘Yes’. I deselected ‘Diversify across loan originators’ as I want to buy all loans that match these conditions.


No surprise – no loans match my selection. Loans with these criteria selected by me have been bought up fast in the past, even before the introduction of this new autoinvest. I do wonder, which investor will get priority in case there will be autoinvests of multiple investors matching a new loan up for sale. I expect this new autoinvest will be a popular feature amongst Mintos* investors.

Not many but a few other p2p lending platforms offer autoinvests for their secondary markets too.

 

 

International P2P Lending Volumes September 2018

wiseclerk 5 Comments

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Zopa and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 410 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 Colectual* and Landlordinvest*.

Milestones achieved this month (total volume since launch):

  • Folk2Folk crossed 250M GBP
  • Loanbook Capital crossed 50M EUR

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.

Edit Oct. 4th: Today an updated version of the table was published.

P2P Lending Stats September 2018
Table: P2P Lending Volumes in September 2018. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Notice to p2p lending services not listed: Continue reading →

Growth of Investor Numbers on P2P Lending Marketplaces

wiseclerk 1 Comment

Today I take a look at the recent development of investor numbers on several p2p lending marketplaces. I chart relative numbers with the index set to 100 for June 1st, 2018. The advantage of using indexed numbers for this comparison is that platforms use very different definitions for their investor base size. Some count registered investors, some count investors with deposits, some count active investors, some count recently active investors, … .

The disadvantage of showing indexed numbers for growth is that it gives smaller, younger an advantage as their percentage increase of investor base is likely still higher because they come from smaller absolut numbers. An example for this effect is Peerberry where percentage growth of investors is rapid, but the absolute number as of Sep, 1st has reached only 2468 investors as it is a very young marketplace.

P2P Lending Investor Statistic
Indexed investor numbers (with June 1st, 2018 = 100). Peerberry exceeds the choosen display scale – value for Apr. is 66 and value for Sep. is 183
Reading example: On Sep 1st the index value for Mintos was 123, meaning Mintos had 23% more investors than on Jun. 1st