Indemo Invest – First Experiences and an Attractive Cashback Bonus Offer

wiseclerk 1 Comment

Since last August I am investing on the Indemo* platform. In an earlier article I described in detail how Indemo works and why it was attractive to me. It has been going well so far.  My portolio consist of 15 properties in 13 notes. Two further properties have already been successfully sold, yielding profits to investors including me that were well above the originally projected yield of 15.1% p.a.

Last week property A26 was sold, which gave me returns ranging from 15.9% to 24.2% (second column in the screenshot). The different yield numbers rsulting from the same property sale are due to the various different investment dates ranging from November 23rd to April 23rd (first column in grey). In this case the property was sold after only 7 month of being first listed on the platform meaning the success was achieved much quicker than the expected stated term of 24 month.

indemo yield a26
Click on screenshot for enlarged view

On the previous sale I had even higher yields ranging from 32% to 57% p.a.

Indemo Cashback Bonus

Starting today, Indemo* is offering new investors, that sign up via this Indemo*  link 3% cashback on investments. Important: To get the cashback the new investor needs to enter the Indemo promo code “CASHBACK” (without the quotation marks) in the dedicated field during registration.
Existing investors get 2% cashback. The cashback will be applied on all investments till July, 31st 2024. The cashback amount is credited instantly. I just invested 800 Euro in a note and as existing customer got credited 16 Euro.


Screenshot: This is how to enter the Indemo Promo Code CASHBACK at registration

 

indemo cashback account

Screenshot: I got my cashback for my 800 EUR invest credited instantly

In the past two weeks Indemo*  has:

  • added multiple new features on the website, including a dashboard and analytics section, better account statements, and better information on the object composition in new notes.
    I observed that Indemo is really aiming to implement features requested by investors to make the user experience better for the investors.
  • crossed 1,000 registered investors mark
  • announced 2 million EUR assets under management, saying that growth accelerated compared to reaching the first million EUR
  • added 3 new objects that are part of new notes offered

indemo property r005
Screenshot: one of the recently added properties: an appartment in Barcelona

Most of the properties on the Indemo* platform are in towns on the Mediterranean coast.

 

International P2P Lending Volumes May 2024

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Esketit*. The total volume for the reported companies in the table adds up to 334 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.

international p2p lending volume stats May 2024
Table: P2P Lending Volumes in May 2024. 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: Bondora*,  Crowdproperty*, Debitum Investments*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Lendermarket*, Mintos*, Nectaro*,  October*, Peerberry*, Profitus*, Proplend*, Robocash*, Swaper*.

Notice to p2p lending services not listed: Continue reading →

Passive Real Estate Investing on Mintos? What is the New Product Worth? First Impressions and Comparison

wiseclerk

‘Earn rental income starting from €50 investment’. As of today, Mintos* is advertising a new offer that it describes as passive property investing.

In fact, investors are investing in Real Estate Securities, which are an interest-bearing debt security backed by underlying bonds. Purchasing Real Estate Securities entitles the investor to receive interest payments for the Notes whenever net property payments are made on the underlying bonds and repayments when the underlying property is being sold.

So to summarise: If everything goes according to plan there is a monthly interest payment, which is fed from the rent, and at the end a payment for the increase in value, which is estimated but not guaranteed.

The underlying properties are located in Austria and come from the Bambus.io portfolio, which acquired them as part of a partial purchase. The older owners are therefore still living in their homes and are now paying rent for the sold portion (kind of a reverse mortage).

Mintos property

Illustration: The first property offer in the new Mintos product as an example (click for larger view)

Advantages for the investor:

  • Good opportunity for diversification
  • These are rented residential properties (and not projects of property developers or commercial properties as with some other platform offers)
  • Invest from as little as 50 euros
  • Regulated offer

Disadvantages for the investor:

  • Very long term (20 years in the example)
  • rather illiquid (although a sale via the secondary market is possible, it is questionable whether there will be demand)
  • No information on how the valuation was carried out and how the increase in value was forecast

The property from the first offer was valued at 317,500 euros. Mintos* does not provide any further details. Brief research (e.g. here) shows that the valuation of 2,500 euros/m² is not overpriced. According to the Bambus FAQ, the market value of the partial purchase carried out by Bambus is determined by an independent expert. It can be assumed that the market value determined in this way corresponds to the property value stated on Mintos.

Unfortunately, there are no further details on how the increase in value was forecasted. According to the prospectus, Bambus, which has been operating since 2022, has not yet sold any properties. So there is no experience yet.

Is it worth it? My first impression

In my opinion, the interest rate offered is too low for the very long investment period. It is difficult for me to judge whether the increase in value has been realistically forecasted. After all, it could probably be enough to cover inflation.

Comparison with other investments

The question remains, why should investors use the Mintos* offer instead of alternative offers? I have started to build up a portfolio with Inrento* in the last few weeks. The property loans there offer a significantly higher interest rate of 8-9% p.a., interest payments are also monthly and there is also a payment for appreciation (1.5% p.a.). The advantage is the significantly shorter terms of 1 to 3 years.

Estateguru* also offers significantly higher interest rates of 9-11%. There is also a bonus of up to 2% on top for larger investment amounts. The terms are also often shorter at 12 to 18 months. Even taking into account the usual overdrafts of around one year, the investor is much more liquid than with the Mintos product.

Furthermore there are exchange-traded REITs as an alternative. These are much more liquid and enable broad diversification.

 

International P2P Lending Volumes April 2024

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Esketit*. The total volume for the reported companies in the table adds up to 300 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.

international p2p lending volume stats april 2024
Table: P2P Lending Volumes in April 2024. 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: Bondora*,  Crowdproperty*, Debitum Investments*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Lendermarket*, Mintos*, Nectaro*, Neofinance*, October*, Peerberry*, Profitus*, Proplend*, Robocash*, Swaper*.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes March 2024

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Robocash*. The total volume for the reported companies in the table adds up to 329 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.

Mintos crossed the milestone of 10 billion in loan volume originations since inception.

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.

international p2p lending volume statistics march 2024
Table: P2P Lending Volumes in March 2024. 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: Bondora*,  Crowdproperty*, Debitum Investments*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Lendermarket*, Mintos*, Nectaro*, Neofinance*, October*, Peerberry*, Profitus*, Proplend*, Robocash*, Swaper*.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes February 2024

wiseclerk

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Esketit*. The total volume for the reported companies in the table adds up to 298 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.

international p2p lending volume statistic february 2024
Table: P2P Lending Volumes in February 2024. 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: Bondora*,  Crowdproperty*, Debitum Investments*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Heavyfinance*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Lendermarket*, Mintos*, Nectaro*, Neofinance*, October*, Peerberry*, Profitus*, Proplend*, Robocash*, Swaper*.

Notice to p2p lending services not listed: Continue reading →