Author Archives: MPI

Get 1% cashback bonus from Lendermarket

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Lendermarket informed that a new cashback opportunity is available at the platform to all new registered participants.

Every new investor who register through this link at Lendermarket receives a bonus of 1% of the Net Deposited Funds during the first 60 days after the registration is successfully validated (Net Amount Deposited: amount of money deposited minus the amount of money withdrawn).

About Lendermaket

Lanched in june 2019 in Ireland, Lendermarket is a sister company of Creditstar Group AS, which is the parent company of Creditstar’s operational subsidiaries. The loans listed on the platform are issued in: Poland, Spain and Czech Republic.

Ragistration and investing

Both individuals and companies can register and invest. Individual investors are required to be at least 18 years old, be residents in the European Economic Area (or Switzerland) and have a bank account in such area.
Companies must have a bank account in a bank located in the EEA (or Switzerland).

Sign-up process: 2 steps: Registration and identity verification.

The minimum investment is 10 euros at 12% interest rate.

All loans at Lendermarket come with a Buyback Guarantee. Creditstar will buy back the loans that are more than 60 days overdue from their original due date at the nominal value of outstanding principal, plus accrued interest income and late payment fees.

The repayment depends on the term of the loan. If the term is 30 days or less, there will be 1 single payment at the end of the term. If there are two installments (60 days) or 3 installments (90 days), then the investor will receive 2 or 3 payments respectively. This is beneficial for investors that value more liquidity.

For other bonuses visit our Cash-back & Bonuses page.

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Get 15 EURO cashback bonus from EvoEstate

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EvoEstate informed that a new cashback opportunity is available at the platform to all new registered participants.

Every new investor who register through this link at EvoEstate and invests 50€ (or more) will get a 15 EURO cashback bonus on their EvoEstate account.

For other bonuses visit our Cash-back & Bonuses page.

 

EVOEstate makes it easy for investors to access a variety of real estate investments with a relatively small amount of capital. The minimum amount for investment is €50, which enables investors to create a diversified portfolio. All loans are secured with a mortgage.

EVOEstate does not give out loans directly to the developers and it sources deals from other project originators, this enables to provide a many different types of deals in multiple countries. Consequently, EVOEstate founding team invests into deals theirselves and has skin in the game on deals they provide.

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Get 1% cashback bonus from Iban Wallet

Iban Wallet informed that a new cashback opportunity is available at the platform to all new registered participants.

Every new investor who register through this link at Iban Wallet, use the code – TRYIBANNOW – and invests 200€ (or more) will get a 1% bonus on their Iban Account for 3 months! The code needs to be inserted after the registration process, at “top up the account” step.

Campaign is valid until 31.10.2019

Update: Campaign is valid until 30.11.2019.

For other bonuses visit our Cash-back & Bonuses page.

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New high-yield Envestio project – Spare parts wholesale company financing – part 2

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Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By launching the project “Spare parts wholesale company financing-part 2″, Envestio continues to expand the successful cooperation with European wholesalers. Company Marton Fox SP.Z.O.O. specializes in the wholesale supply of spare parts for heavy machinery, mainly used in the agricultural sector of Poland.

This loan is fully secured by mixed collateral and personal guarantee of the main beneficiary of Marton Fox SP.Z.O.O. (Poland).

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in spare parts wholesale sector, financing of working capital increase of a Polish company MARTONFOX specializing in sale of spare parts for heavy machinery used for the agricultural works.
  • Secured debt, 18,5% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The MARTONFOX company (//martonfox.pl) specializes in the wholesale supply of spare parts for heavy machinery, mainly used in the agricultural sector. The average monthly turnover of the company is about one million euros. The latest financial results of the company confirm the correctness of the chosen business strategy in this economic segment. The company is actively developing and expanding its customer base, representatives of which have already fully appreciated the wide range of parts and the high level of service offered by the MARTONFOX company.

The company currently operates its own well-equipped warehouse of 1200 m2, located at Pulawska 34/5, 05-500, Piaseczno, Poland and served by seven employees. The above-mentioned warehouse area is sufficient to constantly maintain the availability of spare parts for the most popular vehicle models by customers that arrive at the MARTONFOX warehouse from China, Poland, Czech Republic, and France. Thus, the company ensures itself with an important competitive advantage: the ability to fulfil most of the orders within the shortest time possible. Well-organized cooperation with global courier service providers contributes to this. Partnership agreements are concluded only with enterprises that provide high-quality and efficient logistics services.

The necessity to attract an additional investment is explained by the objective situation and trends of the agricultural market. The need to replace spare parts for agricultural machinery or other heavy special equipment usually arises in the season of its intensive use. Consequently, the owner of the equipment usually does not have the opportunity to wait several weeks for the delivery of the ordered part. Everything necessary must be instantly available, otherwise the supplier company will lose buyers who will be forced to turn to another seller. According to a customer survey conducted by MARTONFOX, no more than 10% of them are ready to wait for the delivery of ordered parts. Accordingly, MARTONFOX needs additional funds to expand its product range and storage space.

Furthermore, there is another issue that the attracted investment funds would help to resolve. A feature of the agricultural production market is a long cycle of work until the gain of profit. As a result, many buyers do not have the opportunity to immediately pay for the necessary expensive spare parts, in connection with which requests are received for instalments or deferred payment until the moment when the produced agricultural products are sold. In this regard, the scheme for the sale of spare parts for agricultural machinery, which includes instalments or deferred payment, is very common in the market. The ability to provide instalments or deferred payments will become an important additional competitive advantage for MARTONFOX. Indeed, in order to ensure this a certain increase in the volume of free working capital is required.

MARTONFOX is looking to attract an amount of up to EUR 1,2 million in several lots.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 23.11.2019 – EUR 15.71
  • 23.12.2019 – EUR 15.21
  • 23.01.2020 – EUR 15.71
  • 23.02.2020 – EUR 15.71
  • 23.03.2020 – EUR 14.7
  • 23.04.2020 – EUR 15.71
  • 23.05.2020 – EUR 15.21
  • 23.06.2020 – EUR 15.71
  • 23.07.2020 – EUR 15.21
  • 23.08.2020 – EUR 15.71
  • 23.09.2020 – EUR 1015.71

Total expected return: EUR 1 170.30

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New investment project announced by Brickstarter – Santiago Terry – Cadiz

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Brickstarter announced today that it is preparing to launch a new investment project in Spain: Santiago Terry – Cadiz.

Brickstarter - Santiago Terry - Cadiz

Brickstarter – Santiago Terry – Cadiz

If you invest for the first time at Brickstarter don’t forget that you can get 15 EURO registration bonus and 0.5% bonus for your investments made during 90 days from the registration. In order to get the bonuses you first must register by following THIS LINK. and during registration use the promo code: BRICKS.

Perfectly located in the Old Town, the one with the greatest condensation of urban historical attractions. It is the postal code with highest average income per apartment and less seasonality.

A small apartment, very bright, with one bedroom and one bathroom, but up to 6 guests. This will help Brickstarter to maximize the occupation rate as the apartment is suitable for couples and up to small groups of 6 persons. They will also increase the income as they will be charging an extra fee for the 5th and 6th guest.

Investment opportunity

Operation Total: 149.429,69 €
Mortgage:  0,00 €
Total to finance: 149.429,69 €
Internal Rate of Return (IRR): 10,54%
Gross Rent Return: 11,81%
Net Rent Return: 5,3 %
Cash on Cash: 6,24%
Return on Equity (ROE): 5,30% 

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Mintos loan originator Kuki.pl misses the payment of the buyback guarantee?

Update:

As promised, I return with the response received from Mintos support. It arrived promptly, the next day, and you can read it below:

“Dans (Mintos)

Oct 18, 12:36 EEST

Hi Cristian,
thank you for your message.

After checking I found that the loan you are referring to had been closed by the 16.10.2019. 
It is listed in the finished Investments as well. The amount of days the loan is late, however, will keep increasing. As of now it is 63 days late, but that doesen`t change the fact that the loan had been in accordance to the buy-back guarantee on the 16.10.2019.

I hope that cleared it up and you may have a pleasant day
Let us know if you have any other questions.

Regards,
Dans”
Now, given the age of the platform, the volume of transfers and the experience with them so far, I will credit them, but there are still some doubts:
– if a loan was paid on 16.10.2019, why did it appear within the platform as late on 17.10.2019 (at night !!!) as it results from the image below, and only on 18.10.2019 as ” Finished prematurely “?
– if indeed the loan was paid on 16.10.2019, it means that there is a problem of the platform with the updating and/or displaying of data, which is worrying considering that we all make investment decisions in accordance with the information displayed.
As a personal opinion, for a while I will stay away from kuki.pl.
If you have questions or can explain these differences, feel free to comment on this post.

End of update

No money

Tonight, when I checked the Mintos platform, I had the unpleasant surprise to see that there are loans on my portfolio at Mintos that are more than 60 days late, given that I only invest in loans with buyback guarantee.I checked on the platform and noticed the following loan:

Kuki.pl buyback default

Kuki.pl buyback default

I am aware that this is only a one day late loan, but after the “experience” with Eurocent and Aforti I am very attentive to everything that happens within the platform.

I sent a message to Mintos about this topic, I will update this post when I get a response from them.

However, until then, I liquidated the entire loan portfolio from kuki.pl on the secondary market. I hope this is not another case like Eurocent.

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Iuvo peer-to-peer investment platform overview

Iuvo is a p2p platform based in Tallinn, Estonia, which allows its users to invest in loans, granted from Originators (nonbank financial institutions – Easy Credit, Viva Credit, iCredit, BBG , Fast Finance). The Investors can make a motivational profit, and the Originators benefit by the extra funds to help them expand their business.
After the loan is granted by the Originator, it is uploaded on iuvo, where the Investors can see it and choose to invest in it. The Investor receives their profit from the principal with interest after the installment is payed off.
In case the Borrower stops paying the loan, the buy-back guarantee activates immediately and the Investor gets their investment back.

Iuvo Group OŰ is a company, licensed by the Financial Supervision Commission of Estonia, according to Decision № 4.1-1/133 of the Management board of the Commission. Iuvo Group OŰ is regulated credit intermediary from the Estonian Financial Commission.

IUVO strives to provide investors with a world-class user experience through its diversified credit portfolio of trusted originators, as well as superior platform simplicity.

Iuvo is a Latin word that means “to help”, “to save”.

Who can invest at Iuvo?

Iuvo is a platform that is open to individuals and companies.
The individuals must be at least 18 years old, and they need to have a valid bank account within the European Union or third countries that are currently considered as having equivalent AML/CFT systems to the EU.
For the companies it is required to have a valid bank account within the European Union or third countries that are currently considered as having equivalent AML/CFT systems to the EU. Their data and funds origin, according to the Anti-money laundering and Financial Terrorism policies and regulations mentioned above. (AML/CFT).

How can funds be deposited to the investor account at Iuvo?

You can make a deposit to your iuvo account by some of the following methods:
– a bank transfer from your bank account with a payment order or by using your online banking;
– at the cash register of a bank;
– a transfer, made by using electronic money services such as: Paysera, ePay, Transferwise, Currency Cloud, Revolut, etc.
Please, bare in mind that there is no minimum or maximum amount of money you can deposit.

You can find our bank details on you account–>”Deposit“. Please, follow the instructions.

You can invest in three different currencies at the same time: BGN, EUR, and RON. It is necessary to make a bank transfer to the corresponding account.
Please, bare in mind that right now Iuvo do not offer currency conversion.

You have two investing options in iuvo – manual and automatic.
The manual investing includes: credit details review; choosing which particular credit to invest in, adding to your Cart and confirming the investments.
The Auto-Investing option includes: creating a portfolio, where you can apply certain filters. After you start Auto-Investing, the software invests in loans that fit your criteria.

The minimum amount you can invest in the Primary Market is as follows: 10 BGN, 10 EUR, 25 RON. There is no minimum amount for investing on the Secondary Market.

Iuvo fees

The platform does not have any charges for investing, making a deposit, or withdrawal. The only charge that may apply is when you sell a loan on the Secondary Market – 1% of the amount.
Please, bare in mind that this does not include any charges that your bank may apply.

The credit rate scores

One of the methods by which the originators control the risk, is using a credit rate score system. This is a procedure of classifying every credit in different categories, based on the default probability (the probability the borrower to stop paying off their loan).
All loans in iuvo have a score rate. This is needed so the credits from different originators can be compared.

The credit score rates in iuvo are:
A 0 – 4% default probability
B 4 – 10% default probability
C 10 – 18% default probability
D 18 – 25% default probability
E 25 – 35% default probability
HR above 35% default probability

All loans listed on the platform have the so called buy-back guarantee. This means that the Originator is obligated to buy back the credit from the investor at its nominal value in case the borrower stops paying off their loan. The Originator will restore the investment back to your iuvo account.
The buy-back guarantee activates on the 61-st day, counted from the date of the first unpaid installment.

Withdrawals

In order to request a withdrawal, you need to verify your identity and address. You can do that by applying the following documents:
*for Individuals
– ID Card – both sides of your ID Card or Passport;
– current utility bill, addressed to you or
– official document from the Authorities or
– other documents, confirming your address;
*for Companies
– ID Card of the account’s owner – both sides or Passport;
– A current status certificate or Commercial register extract;
– A document from the Authorities that is addressed to the company (confirming the address);

You can attach your documents through the platform in the “Documents” section.

Regarding the Anti-money laundering policy of the European Union, you need to verify your address in order to withdraw money from your iuvo account.
You can request a withdrawal at any given time from the “Withdraw” button. You can only withdraw the funds that are not invested at the moment.

You can cancel your withdrawal request from “Withdraw” button -> “Withdraw History.

All withdrawals from the platform are processed within two working days.
*Please, bare in mind that the bank transfer can take more time, depending on the bank’s conditions.

You can only transfer funds to a bank account that you have deposited from. If you have transfered money from more than one bank account, you will have the opportunity to choose which one to transfer the funds to.

 

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2% Swaper Promotion Campaign for Investors

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Swaper extends Promotional Offer for Investors to join Swaper P2P marketplace!

The new investors will earn 2% higher returns on all investments made during the first three months.

What’s in it for new Investors:

New investor who signs up by using this link gets a Swaper Loyalty Bonus (+2%) on all investments made during the first three months. This means instead of a 12% profit, Investors will earn 14%!

The bonus will be activated after first successful payment. In case Investor Account value will stay under 5k after three months, the bonus will be revoked.

Here’s how to get started as a new Investor:

The Promotional Offer is valid from 2nd of October to 2nd of November 2019.

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Get 1,5% cashback bonus from DoFinance

The cashback campaign has been discontinued on 16.10.2019

“Dear investors,

We are letting you know that since the unexpected activity and volume of investments, we are stopping the 1.5% cashback campaign today on 16.10.2019.

During the time of the cashback campaign we received an unexpectedly large sum of investments, that have significantly decreased the available loan volume on DoFinance platform. In order to ensure the already active investment activity and re-investing process, we have to temporarily stop the campaign, but we promise to continue this offer as soon as there will be enough loans available for new and existing investors!

The funds transferred and invested until today are still qualified for the bonus.”

As the active investment season is here, DoFinance have a special offer to DoFinance investors!

All new investments made until 01.11.2019 (with a minimum term of 6 months) will get a 1,5% cashback bonus! This means that now with DoFinance it is possible to earn up to 13,5% annually!

This offer will be valid for all programs, except the 4% and 5% auto-invest programs. All the investor needs to do – transfer new funds and make a new investment.

The bonus is usually added to the investors account in up to two working days after the investment has been made.

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Wisefund crowdlending platform overview

Wisefund is a platform where individual lenders meet businesses looking for loans, bringing business lending to more affordable level while providing opportunities to individuals letting their free funds bring stable and above the average annular returns. Each project listed (and coming up to be listed) is thoroughly checked, with very comprehensive due diligence done to ensure each borrower is a guaranteed high return opportunity for investors.

Wisefund has established a cooperation with Nord Capital Markets where the latter provides services of business analysis of the businesses willing to raise capital on the Wisefund platform. Nord Capital Markets – a stock company founded in 2009 – is a privately held company focusing on global financial markets and financial analysis.

Nord Capital Markets has over 10 years of experience in analyzing global and local companies in respect to their creditworthiness. In assessing the financial stability of companies, Nord Capital Markets utilizes classical financial analysis toolkit – analysis of the borrowers’ financial statements and projections. At the same time firm’s analysts take into account local peculiarities and economic realities when assessing the creditworthiness of the companies.

If you invest for the first time at Wisefund don’t forget that you can get  a 0.5% cashback bonus for the investments made in the first 180 days.

Who can invest at Wisefund?

Any person can be a lender on Wisefund as long as one meets the following criteria:
a) be over 18
b) have valid passport or ID card
c) has a bank account in financial institution registered and licenced in a country of the European Union (EU) and European Economic Area (EEA) and Switzerland
d) are a resident of a country from the European Union (EU) and European Economic Area (EEA) and Switzerland

How it works?

First, register as a lender with Wisefund. Second, verify your identity. Once that’s done, transfer funds into your Wisefund lender account. Once these steps are completed, you’ll be able to loan to available opportunities immediately.

It’s quite simple to lend on Wisefund:
Search our ‘Open projects’ and choose the businesses to which you’d be willing to lend (based on interest rate, minimal investment, loan term and/or project description), then simply select an amount to lend and you’re done. You’ll receive interest payments as per schedule, and the principal will be repaid with the last interest payment accrued.
The funds will be transferred from your Wisefund lender account to the Wisefund account of the borrower. When the loan is issued to the borrower, you’ll hold a loan contract. This entitles you to monthly repayments at the interest rate that accompanied the loan request.

Wisefund don’t charge lenders any fees. Wisefund earns commissions from borrowers for each successfully funded loan.

What happens if a loan does not meet its target?

As soon as it opens for loan requests, each lending opportunity has its target sum and timespan detailed on the Loan details of each loan (funding target term may be extended with the approval of the borrower and current active investors) to get fully funded. In cases when the open loan request doesn’t reach its target by the funding deadline, Wisefund credits the Lender’s account with the invested principal, and no interest is paid. Interest is paid only for fully funded Loan opportunities.

The buy-back guarantee

Borrowers who have defaulted will be pursued with debt collection. But for the safety of our investors, we’ve entered into an agreement with a third party investor who guarantees to buy out any loan that is late for more than 60 days at the rate of remaining principal, and will pursue debt recovery actions themselves. The investor bears no responsibility on defaulted loans which are covered by the buy-back guarantee. The borrower will have to meet all the costs, as investors aren’t liable for any additional expenses. Currently all loan opportunities listed are covered by the buy-back guarantee.

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