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.

 

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