September is almost gone… Here are the news I gathered from various sources regarding the websites I use for P2P lending.
Swaper interface improvements
“We are planning to move towards combining Portfolio investment tool with Auto-Invest tool into one – Auto-Invest Portfolio. The improved feature will cater to both types of investors – those looking to specify their own criteria for investing and to those looking for a one-click investing experience without adjusting many details” (Swaper newletter)
That’s a welcome change, and will make their user interface even easier to use ! As of this writing, the change hasn’t been pushed in production yet.
Swaper auto-invest change
“Currently, when creating Auto-Invest schemes investors are able to specify ‘investment in one loan’, i.e. how much will be invested into a single available loan. This will be replaced with ‘max investment per loan’. (…) This change also means you do not need a lot of Auto-Invests to ensure your money gets invested. With one active Auto-Invest your money is just as likely to be invested as with ten (assuming same selection criteria).” (Swaper newletter)
Yet another important improvement. With the improved loan volume, will this be the end of the troubles with Swaper ? Time will tell !
Swaper loyalty bonus changes
“We have rolled out the planned changes to our Loyalty Bonus. As announced last month, to obtain the +2% bonus to your investments your account value needs to be 5000 EUR (or equivalent in GBP or PLN) or higher for three consecutive months. Similarly, if your total account value drops below 5000 EUR (due to withdrawals) for three consecutive months the bonus is revoked.” (Swaper newletter)
New Bondora feature : “Remove loans from sale when borrowers make payments”
“This week we introduced a new feature which allows you to remove your investments from sales when a borrower makes a payment. (…) Once you activate the feature, you can be confident that you’re selling loans on the assumption of up-to-date payment information. If any payment is made, the loan will automatically be re-evaluated and cancelled from the Secondary Market sales.” (Bondora blog)
New Russian originator for Twino
“We have increased the Russian loan supply by adding our second originator. Already more than EUR 1.5 million have been funded during this time.” (Twino newsletter)
Note that this actually took place in August but was only announced in September
New issuer in Bulgaria for Mintos
“The personal loans Cash Credit is set to offer investors on the Mintos marketplace will range from EUR 100 to EUR 1 000, with a repayment period of up to 18 months. The average net annual return to investors will range from 10 to 12%.” (Mintos newsletter)
It’s time to update your auto-invest yet again 🙂