P2P lending news for November 2017

End-of-year is usually a busy time for most businesses, and P2P lending firms seem to confirm this rule. Quite a lot of things happened in this area, with many new features being added to several P2P lending websites.

Swedish Krona loans at Mintos

“Sweden-issued loans listed on the Mintos marketplace by Aasa range from SEK 9 700 to SEK 50 000, with repayment period from 6 to 36 months. The average net return to investors will range from 7 to 13%.” (Mintos newsletter)

While the fluctuations of exchange rate don’t incite me to invest in other currencies than Euro, Swedish investors will probably enjoy this diversification opportunity !

Auto-invest feature for Crowdestate

“Starting from November, Crowdestate’s investors have access to a new, automated investing function – just enable Autoinvest, ensure that there are sufficient funds on your account and an investment order will be made into any opportunity matching the parameters.” (CrowdEstate newsletter)

I updated CrowdEstate review in order to mention this useful feature.

Google 2-step verification for CrowdEstate

“Ever had trouble receiving the SMS code necessary to verify an investment order? Now there is an alternative way – Google Authenticator.” (CrowdEstate newsletter)

Note that activating this feature will also require you to use Google Authenticator at login.

Mozipo Group adds personal loans from Denmark to Mintos

“Denmark-issued Mozipo Group loans listed on the Mintos marketplace will range from EUR 65 to EUR 945. The repayment period will be up to one year. Investors can expect an annual return of 11%-13%.” (Mintos newsletter)

As usual, don’t forget to update your auto-investment settings accordingly !

TWINO reaches €200 million milestone

This month we have reached an important milestone, EUR 200 000 000 in loans funded through TWINO Investment Platform.(Twino newsletter)

While I’m not crazy about Twino, it’s great to see them growing. Increased competition between platforms can only be positive for investors !

One million euro milestone reached by DoFinance

“It is my pleasure to announce that DoFinance has attracted an investment of one million euros” (DoFinance newsletter)

I appreciate DoFinance’s simple ofter and enjoy seeing that they’re doing great

Mintos offers ability to filter automatic and manual investments via the originator’s risk category

“(…) you can now tailor your investments according to loan risk categories which are based on loan originators’ unique internal scoring models. Risk categories link expected annual bad debt rate with the interest rate offered to investors on Mintos” (Mintos newsletter)

With this another additional filter available (although currently only for DEBIFO and Capitalia originators), Mintos enhances even more our ability to control our investments.

New Spanish issuer for Mintos

“EuroOne loans available for investment on the Mintos marketplace will range from EUR 300 to EUR 1 000, with a repayment period of up to 30 days. The average net annual return to investors will range from 11 to 13%.” (Mintos newsletter)

Don’t forget to update your auto-invest settings in order to add this issuer !

Mintos offers GBP loans

“Mogo loans available on the Mintos marketplace for investment in GBP will be the same as Poland-issued loans already listed on Mintos in PLN. Loans will range from GBP 254 to GBP 7 350, with a repayment deadline of 6 to 48 months. The annual net return to investors will range from 8.5% to 13%.” (Mintos newsletter)

I was actually surprised to read this announcement as I believed that GBP loans were already available. Just like the investments in Swedish Krona, that’s yet another diversification opportunity for investors

Swaper redesign

“Next time you log in you will be greeted by a new account Overview; a reworked Auto-Invest Portfolio functionality; identification document upload functionality along with several overall user experience improvements.” (Swaper‘s Facebook page)

Details about the changes can be found here. I’ll soon update Swaper’s review on Alternative Investments in order to reflect these changes. I’ll also check if this removes the need to create several auto-invest portfolios in order to have all the funds invested

 

P2P lending news for October 2017

Halloween is already gone ! This means that October is over. It’s been a quiet month for P2P lending, so this edition of P2P lending news will be rather short !

Legal entities can now invest in DoFinance

By expanding range of services, p2p platform (P2P) DoFinance is now available for investments from legal entities as well.(DoFinance newsletter)

That’s great for companies who want to invest in P2P, especially if they can get the 14% loyalty bonus. The required portfolio amount is 5000€ so it shouldn’t be a concern for most firms !

Record interest rate for GEL loans at Mintos

“For a limited time only, one of the world’s leading fintech companies, ID Finance, will be offering on Mintos an increased interest rate of 17.5% for their loans issued in Georgia. This great offer was announced during our webinar on October 19, 2017.” (Mintos newsletter)

While the interest rate itself is extremely high for secured loans, please take into consideration the exchange rate of Georgian Lari (GEL) against your own currency ! I used to have a GEL portfolio and ended up closing it because of the exchange rate evolution.

Alternative Investments is mentioned in DoFinance’s newsletter !

DoFinance is the easiest way to invest in P2P loans, the review of DoFinance on Alternative Investments concludes.” (DoFinance newsletter)

I was very surprised and of course very happy to see my blog mentioned !

Russian loans in Swaper

“We are glad to announce that following Denmark and Spain, Russia is the latest expansion of operations from Swaper’s parent company Wandoo Finance. Russian loans listed on the platform come at the standard 12% rate, range from 3-6 months, are BuyBack guaranteed and are available from today.” (Swaper newsletter)

This may finally be the end of Swaper’s loan volume troubles. Congratulations to them for finally solving this long-lasting concern !

New issuer in Romania for Mintos

“Romanian-issued Mozipo Group loans on the Mintos marketplace will range from EUR 22 to 3300, with a repayment period of up to five years. The average net annual return to investors is expected to range from 9 to 14%. Initially, the loan originator will list loans in euro; loans denominated in Romanian lei (RON) will be added to the Mintos marketplace soon.” (Mintos newsletter)

Mintos continues attracting new issuers, contributing to make it one of the most diversified p2p lending platforms available !

New Swedish issuer for Mintos

“The average Sweden-issued loan that Aasa will place on the Mintos marketplace will range from EUR 1 000 to EUR 2 000, with an average repayment period of 6 to 36 months. The loan originator will initially offer to invest in euro (EUR). Loans denominated in Swedish krona (SEK) will be added to the Mintos marketplace soon. The average net return to investors will range from 7 to 11%.” (Mintos newsletter)

I actually missed this one when writing this post, so I updated it

Mintos removes secondary market fees

“Starting from today, November 1, 2017, we have removed the 1% fee for selling loans on the secondary market of the Mintos marketplace.” (Mintos blog)

I never used their secondary market but it’s always good news to see platforms reducing or removing fees.

 

P2P lending news for September 2017

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 🙂

 

P2P lending news for August 2017

Yet another month is over… I updated ViaInvest review in order to reflect the lowered interest rate currently offered.

Here are the news I gathered regarding P2P lending :

More Russian loans for Twino

“We are excited to announce that starting from this week you will see a significant boost in our Russian loan volumes. (…) These are short-term loans with maturity of 1 – 2 months, BuyBack Guarantee and interest rate of 10-11% per annum.” (Twino newsletter)

More loans for Swaper (finally !)

 “Demand for investments on our platform has for some time now been higher than the amount of loans available. We recognize that this leads to cases where some investors are left with money sitting idle on their Swaper accounts. Currently, we are putting around 2 million euros worth of new loans up for investment every month, which is about a 100% increase from where we were at the beginning of the year.” (Swaper newsletter)

Mintos adds loan in Romania and Bulgaria

The following excerpt is valid for both countries :
“The new loans Mogo will place on the Mintos marketplace will range from EUR 500 to EUR 10 000, with a repayment period of up to 72 months. The average net annual return to investors will range from 8 to 14%. Loans with and without the buyback guarantee will be offered.” (Mintos newsletter)

New originator in Latvia for Mintos

“The Mintos marketplace now features consumer loans issued in Latvia by MoneyMetro. (…) MoneyMetro loans placed on the Mintos marketplace will average EUR 400 and have a repayment term of 12 months. The annual net return to investors is expected to reach 11.5%. The loans will be supplemented with a buyback guarantee covering loans delinquent for more than 60 days.” (Mintos newsletter)

African loans in Mintos

“The average Botswana-issued loan GetBucks will place on the Mintos marketplace is EUR 250, with a repayment period of 30 days. The average annual net return to investors will reach 11%. GetBucks will provide a buyback guarantee for loans that are delinquent for more than 60 days” (Mintos newsletter)

Russian loans on Grupeer

“Each loan is issued based on a separate agreement for a period of 2 to 3 months. Loan currency is euro. The interest rate offered to investors is 15% per annum.(…) To secure your investments, Grupeer Platform has applied the following measures: BuyBack guarantee in case of payments delay for more than 15 days.” (Grupeer newsletter)

Grupeer : 1.5% cashback  on development loan

I found out that new investments in the currently listed development loan, offering 13% interest rate, will get 1.5% cashback. This offer is good until September 30th, 2017. (Grupeer website)

New Georgian originator for Mintos

“The average Georgia-issued loan ID Finance will place on the Mintos marketplace will be EUR 1000, with a repayment period of up to 12 months. (…) The annual net return offered to investors will reach 16%. The loan originator will offer a buyback guarantee for loans that are delinquent for more than 60 days. In July 2017, the share of non-performing Solva loans was 4%.” (Mintos newsletter)

New originator for Mintos in Czech Republic

“Czech Republic-issued Creditstar loans on the Mintos marketplace will range from CZK 1 000 to CZK 19 000, with a repayment period of up to three months. The average net annual return to investors will reach 12%.
Creditstar will offer a buyback guarantee for loans that are delinquent for more than 60 days.” (Mintos newsletter)

 

July P2P lending news

This monthly column will try to sum up the important news related to P2P lending, mostly regarding companies I use for investing.

Usually my primary source of information is the company’s blog or newsletter. This monthly post aims at being a quick read, so I’ll provide a link and a relevant excerpt.

Bondora is profitable

“We are proud to announce that we have reached profitability in the first half of 2017 with the net profit of €300 000. ”

Omaraha caps Estonian loan’s max interest rate

“Estonian loans maximum total interest is now 35%, please make changes to your investment terms. Higher % investment terms wont invest.”

Bondora introduces “Portfolio pro” feature

“Simply put, it is a tool for people who like to have more control over the level of diversification in their investments. You can now use this Pro feature to create a portfolio according to your own rules. For example, you may choose to select loans from specific countries, with different duration and Bondora risk ratings.”

Note for self : review this for a future post !

Bondora (again !) removes fees for direct sell

“Just over a two months ago we released our Direct Sell feature, allowing investors to sell loans directly to other investors from their Investments page. (…) Previously there was a fee associated with all Direct Sell. By removing this cost to investors we’re making it easier than ever to explore the full range of options when investing on Bondora.”

Twino enhances auto-invest usability

“If you are using Portfolio Builder, then on the right side of the page you will see the following information: 1) Available Cash, 2) How many loans match your criteria, 3) How much funds can be invested immediately.

However, if you are creating an Auto-invest portfolio, then on the right side of the page you will see your available cash and two completely new fields: 1) Available Cash, 2) Listed in last 30 days – this value will display how many loans with similar criteria have been listed during the last 30 days, 3) Competing portfolios – this value will display how many Auto-invests with similar criteria have been created by other investors.” (Twino newsletter)

New originator for Twino

“Kazakhstan’s loan originator has joined TWINO investment platform.” (Twino newsletter)