Bondora Enhances Reporting Feature

wiseclerk

Bondora logoAfter what felt like a drought period, Bondora seems to focus again on working to improve functionality for investors. This week they released a new version of the cash flow report, with the following upgrades:

1) Historic payments will be split between current loans and loans in default as per the status active at the date of the payment
2) We will introduce day-level information that shows cash flow categorized per each investment
3) Forecast settings can be defined also for historic schedules so you can use cash flow based adjustments for predicting future payments
4) You can adjust your net return calculation based on the probability settings defined in the cash flow report
5) Cash flow report will show the opening cash balance and closing cash balance for each period
6) You will be able to define which data series to show on the chart
7) Historic planned schedules will be split between current loans and loans in default
8) Cash flow table results can be exported to Excel
9) You will be able to define which data series to show in the cash flow table
10) Live data from the current day (currently under Account statement for the last 24 hours) will be incorporated into the cash flow report
11) All data is in one table
12) You will be also able to filter to a specific loan in the Investments list straight through the cash flow report so you can quickly take loans off secondary market or put them there based on the information visible in the cash flow report

I have experimented a bit and like the way this report page gives me a quick visual representation of what is happing in my account and that it is very customisable. Plus it lets me set my personal values for expected loss rates and use that to calculate net return displayed in the dashboard. Read also what investor Oktaeder blogged about this feature.

If you are not investing at Bondora, this Bondora video will give you a good overview of the functionality.

International P2P Lending Marketplace List – Loan Volumes February 2016

wiseclerk 1 Comment
The following table lists the loan originations for February. Funding Circle leads ahead of Zopa and Ratesetter. I added Harmoney and Crowdproperty to the list. I do monitor development of p2p lending statistics 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 markets with no or limited choice of local p2p lending services can check this list of marketplaces open to international investors. Investors can also check how to make use of current p2p lending cashback offers available.
Last month these companies crossed significant milestones:
  • Pret d’Union reached 250M EUR since launch
  • Harmoney crossed 200M $ since launch
  • Smava reached 100M EUR (counting p2p loans only, not the brokerage model for banks) since launch
P2P Lending Volume February 2016
Table: P2P Lending Volumes in February 2016. Source: own research
Note that volumes have been converted from local currency to Euro for the sake of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.
Notice to p2p lending services not listed: Continue reading →

Auxmoney Raises Series D from Seven Ventures

wiseclerk 1 Comment

Auxmoney Logo 2016Auxmoney, one of the oldest German p2p lending marketplaces, has completed a Series D round with Seven Ventures as lead investor. The specifics were not disclosed, only that Seven Ventures along with Index Ventures, Union Square Ventures und Foundation Capital invested a double digit million Euro amount. Seven Ventures is the investment arm of ProSiebenSat.1 Media SE, which operates large TV channels in Germany.

Raffael Johnen, co-founder and CEO of Auxmoney stated: „The partnership with ProSiebenSat1 is an important milestone on our path to change the public awareness for p2p lending in Germany. We will make a big step towards our goal to enable access to loans for more people. The raised capital and the better access to TV advertising will help us to make p2p lending part of everyday life of millions of people.” (original quote in German; own translation)

Auxmoney trippled loan volume in 2015 compared to 2014.  As of January 31st, 2016, according to numbers on file with P2P-Banking.com, the company had originated 441 million EUR in loans since launch, with a monthly loan origination volume of 10.6M for the last month on file (January 2016).

Auxmoney management
Auxmoney management

Mintos Raises 2M from Skillion Ventures

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Mintos LogoLatvian p2p lending marketplace Mintos has raised 2M EUR from VC Skillion Ventures in Riga. The p2p lending service was launched a year ago and lists loans from several loan originators. The loan types include mortgage loans, secured car loans, business loans, personal loans and invoices finance. The majority of the retail investors resides in Latvia, Germany and UK.The investors financed a cumulative loan volume of over 16M EUR since launch.

The loans are currently to borrowers in Latvia, Estonia, Lithuania and Georgia. Mintos CEO Martins Sulte plans to add loans in the markets of the Czech Republic and Poland next. Continue reading →

Pitch Open For Investment Into Landbay Shares

wiseclerk 2 Comments

In December 2013 I saw the pitch of a promising pre-launch UK p2p lending startup called Landbay pitching on the UK p2p equity platform Seedrs to the crowd. The pitch explained how they planned to do p2p lending secured by property in the UK. I liked the proposal and invested a small amount in Landbay shares.

Since then it has been very interesting journey. I watched how Landbay fared, saw them grow the marketplace substantially. There have been subsequent following rounds into which I invested again. Shares issued through Seedrs come with pre-emption rights, that means I am entitled (but not obliged) to invest in next rounds to avoid dilution of my share percentage.

Currently Landbay is pitching to raise 1M GBP at a pre-money valuation of 10.3M GBP. You can see the current pitch here. The shares are priced at 85 GBP, that is the minimum investment amount (normally most Seedrs pitches come with a minimum investment of just 10 GBP). At the time of this writing the pitch is already filled 91%. Before it opened for public bidding recently, it was only accessible for existing shareholders like me to enable them to execute their pre-emption rights. I am not sure the pitch will allow overfunding.

Last week Landbay announced that they received an investment from Zoopla. Zoopla is a company that operates property sites uSwitch and Prime Location.  Zoopla announced full year results (ending September 20, 2015) showing a revenue increase of 34% as the top line number jumped to £107.6 million. Profit for the year increased 20% to £25.4 million.  The partnership with Landbay is designed to help scale their retail customer base as the P2P lender becomes a more established mortgage lender.While the precise amount of the investment into Landbay was not disclosed, Zoopla invested into a total of 4 companies and the total for that was 1M GBP. This deal will also trigger previous convertible rounds that Landbay did on Seedrs.

 

 

If you are interested in the pitch you don’t need to be a UK resident. Just sign up at Seedrs and follow the process. If you are outside of the UK, I recommend considering to use Transferwise or Currencyfair, when depositing money in order to reduce currency transfer fees significantly. If you are a UK resident, note that the pitch is EIS eligible.

This article is not an investment advice. Investing in startups bears significant risks, including total loss of investment.

Landbay volume growth
Landbay loan volume growth

Deutsche Börse Venture Networks Backs Cashare

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Cashare logoDeutsche Börse Venture Network adds Swiss p2p lending marketplace Cashare to its program. The program by the German stock exchange is designed to aid innovatice companies to get better access to financing from investors.

Cashare was established in 2008 and facilitates loans to consumers and SMEs in Switzerland on its marketplace. According to the website 1,111 loans have been financed. Due to regulatory reasons each loan can be financed by a maximum number of 20 different investors.