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) 

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