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Aforti Factor Joins Viventor p2p lending marketplace

By MPI17th June 2018News, Peer-to-Peer LendingAforti Factor, Aforti Holding, buyback guarantee, EUR, investing, investor, invoice loans, Jacek Książek, peer-to-peer lending, Viventor, Warsaw Stock Exchange

Viventor is happy to announce another partnership with a new loan originator from Poland – Aforti Factor SA.

Established in the beginning of 2018 Aforti Factor SA is one of the fastest growing non-bank invoice financing providers in Poland. The company is backed by Aforti Holding, a well-known Polish financial services provider listed on the Warsaw Stock Exchange.

During the first 6-month of operations Aforti Factor AS has serviced more than EUR 1’500’000 worth of invoices, ranging from EUR 25 – EUR 200’000. Currently the company employs 12 people and is rapidly expanding across the country to meet the growing demand for their product.

‘’So far May has been the most successful month for Aforti Factor. The Operational Department accepted invoices worth almost PLN 1.8 million (EUR 420’000), an increase of 24% compared to the previous month. As we already have had a successful partnership with Viventor and Aforti Finance, we’re looking forward to offer our new product to the investors on the platform” says Jacek Książek, the managing director of Aforti Factor SA.

Aforti Factor SA loans on Viventor marketplace

25-200000 EUR in size
7-90 days in duration
11%-12% projected annual return
60 day Buyback guarantee

Aforti Factor will offer its invoice loans with maturities starting from 7 up to 90 days. The company will maintain 5% skin in the game stake in every single loan and start by offering a projected return of around 12%p.a. On top of that, all of Aforti Factor loans will be secured by a 60-day Buyback Guarantee.

Stik Credit Joins Viventor peer-to-peer lending marketplace

By MPI17th June 2018News, Peer-to-Peer LendingBulgaria, buyback guarantee, EUR, investing, investor, loans, peer-to-peer lending, Stik Credit, Viventor

Viventor is pleased to welcome a new loan originator from Bulgaria – Stik Credit AD.

Established in 2013 Stik Credit AD provides short and medium term consumer loans. The company currently employs 26 people and has 11 offices across the country.

Since the inception, Stik Credit has issued more than 18’000 loans with the total worth exceeding EUR 5’000’000. The average loan is around 277 EUR for a 5.2 months period. Due to the company’s robust risk management, the delinquency rate (60+ days) has decreased below 15%.

“Even though, we have been financed entirely by equity of our founding shareholders and retained profit, we have seen stable growth over the years. Cooperation with Viventor is the next logical step to accelerate our growth and offer an even better experience to our customers,” comments Hristina Todorova, executive director of Stik Credit.

Stik Credit AD loans on Viventor marketplace

50-2500 EUR in size
1-24 months in duration
10%-13% projected annual return
60 day Buyback guarantee

Stik Credit AD will offer its single payment loans with maturities up to 1 month, as well as installment loans up to 24 months. The company will maintain 5% skin in the game stake in every single loan and start by offering an introductory projected return of around 13%p.a.

Lenndy peer-to-peer lending marketplace overview

By MPI7th June 2018Peer-to-Peer Lendingbusiness loans, buyback guarantee, car loans, EUR, invest, investment, investor, invoice factoring, Lenndy, loans, marketplace, mortgage loans, Paysera, peer-to-peer lending

Lenndy is a peer-to-peer lending marketplace, where investors can invest in loans by buying out prior issued loan rights. Using the platform operators’ technological solutions, non-banking loan administrators have the option to transfer rights of claim arising from any credit agreement. This model allows investors to redeem already committed loans and get 12-15% interest.
Loans at Lenndy are sold by loan originators, that are issuing loans for businesses only. Loan originators transfers their issued loan documentation and Lenndy operator presents them in loan list, after successful valuation results. Only 95 % of loans can be sold at Lenndy, to ensure that Loan Originator also keeps part of the loans with all investors, who made the investment. Lending Marketplace is named as a P2P 2.0 version, because users are investing in already issued loans, and borrowers doesn’t have to wait until all the amount will be collected from many investors.

If you invest for the first time at Lenndy don’t forget that you can get € 10 bonus if you invest minimum 100 EURO in one or more loans, more details HERE.

What type of investments can be made?

Investors can select among many loans issued by loan originators. Currently, our loan originators issue secured car loans, mortgage loans, invoice factoring or other business loans. Most of the loans have pledged collateral and buyback guarantee provided by respective loan originators.
There are two types of loans – 1) secured loans with collateral and 2) unsecured loans without any collateral. For secured loans collateral may be real estate in the case of a mortgage loan, a vehicle in the case of a car loan or equipment in the case of a business loan as well as many other types of collateral as indicated at the description of each loan.

Who is eligible to invest?

Both individuals and entities can invest through Lenndy. Individual investors must be at least 18 years old and have an active Paysera account with III or IV identification Level. Businesses can invest at Lenndy after the owner or the authorized person reaches Level III or Level IV at Paysera bank.

In what currencies can investments be made?

All investments are made in EURO.

Investing

Before the investment it is important to know:
1. the platform operators rules and loan and privacy policy;
2. the information about loan in which you want to invest:
– repayment conditions;
– obligations of all parties;
– pledged assets and other guarantors (e.g. personal guarantee);
– cases and sanctions of delays in the payment of contributions;

How the free registration works?

1. The investor registers to the platform.
2. Verifies the e-mail address.
3. Registers with the online bank „PAYSERA“ system and carry out the transfer to the platform account, this way confirming his identity.
4. The investor gets acquainted with submitted business loans on the platform.
5. Invests in selected business loan;
6. The investor can see all the information about the loans and contributions that are displayed in his account.

Loan originator‘s buyback guarantee is one of the key advantages for Lenndy investors, which means that loan originator buys back outstanding loan amount with interest from investors when borrower fails to pay for 60 days. Buyback guarantee is valid for loans with buyback icon.
When investing funds, you should be prepared to hold the investment through to its maturity date. However, Lenndy offers a secondary market that may provide liquidity in certain circumstances. Lenndy, as a market maker, may also buy back an investment by entering into a mutual agreement with you.
Also, keep in mind that sometimes you might receive monthly principal and interest payments, which will reduce your investment in a respective loan over time.

Bondora today launched its “Go & Grow” program for all users

By MPI5th June 2018News, Peer-to-Peer Lending, Smart moneyautomated, beginners, benefits, Bondora, Go & Grow, high return, instant liquidity, invest, low risk, peer-to-peer lending

Bondora today launched its “Go & Grow” program for all users on the platform and for new users, offering a return of over 6% per year and the ability to liquidate the investment instantly, thus providing a new tool that has never been met at any peer-to-peer platform, to have almost instant access to the investments made and a much higher return than the bank deposits (similar to the liquidity of this investment facility).

Go & Grow is an incredibly simple and automated service that allows you to earn 6.75%* p.a. on your investment and take your cash out at any time. This is for the people who want low risk and ‘no-hassle’ investing with a predictable net return.

The main benefits of Go & Grow is that you can withdraw your funds at any time. You can set up a new account and call it a unique name, whether you’re using Go & Grow for your new dream home, your emergency fund or enev for that trip to Asia you’ve always wanted to do.

You can share acces to your Go & Grow account with someone you trust. Once you have created your own account, simply select “Invite to Go & Grow” then add their name and email address. You also have the option to give this person the authority to withdraw from the account, but this is not mandatory.

What are the benefits?

6.75%* yield
Instant liquidity
Low risk – A diversified portfolio of investments supported by advanced and reliable technology
You only pay tax when you make a withdrawal over your capital amount invested

Additional benefits?

Transfer your existing Bondora investment portfolio to Go & Grow
You can set up an auto-transfer from your existing portfolio to Go & Grow
A flat €1 withdrawal fee, no matter the size of the account
Great for beginners
No annual management fees
Share access to your Go & Grow account with the people you trust

How to transfer the existing Bondora investment portfolio to Go & Grow?

All you need to do is create a new Go & Grow account, then click on the small settings icon an click on “Add existing investments”. Then you will receive an offer from Bondora to liquiidate your existing portfolio based on the current portfolio value, however, it may be at lower amount. If you accespt, Bodora will transfer your portfolio to Go & Grow.

Is the rate of 6.75% guaranteed?

The rate is not guaranteed, however, the average net return on the Bondora platform is much higher than this. With this and our 10-year track record in mind, we’re confident the rate of 6.75%* is achievable with the benefit of instant liquidity to investors.

The net return is capped at 6.75%* – all excess returns over this percentage are reinvested to ensure you can earn the rate of 6.75%* going forward, despite there being no guarantee in place.

How investors will be taxed for this?

You only pay tax on the money you withdraw which is over the total amount you have paid in. For example, if you invest €1,000 then anything you withdraw up to €1,000 is considered as a principal withdrawal, anything above €1,000 is considered as interest.

All payments made to your Go & Grow account are regarded as one investment, although the funds have been used to acquire individual claims. This is irrespective of when and in how many parts you paid cash into your Go & Grow account.

Bondora “Go & Grow”, announced a long time ago, was reserved for a number of existing investors. There’s been a huge amount of excitement around this product within the P2P community. As it stands, approximately 1,000 investors have deposited an average of € 1,000 each in their Go & Grow account.

The best part? You do not need any prior experience in investing or P2P to use Go & Grow, so whether you’re a retiree living in the Estonian countryside or an 18-year-old student in Berlin who’s new to the world of investing, Go & Grow is for you.

What’s more, you can invite someone you trust to join your Go & Grow account with you so you can invest for a shared goal, like a trip around the world, a wedding or even your child’s future.

Mogo has just launched its Georgia-issued secured car loans on Mintos p2p lending marketplace

By MPI5th June 2018News, Peer-to-Peer Lendingbuyback guarantee, car loans, EUR, GEL, Georgia, invest, investing, Mintos, Mogo, peer-to-peer lending

Mogo is now offering investors even more investment opportunities on the marketplace, as Mogo Georgia has just launched on Mintos. Mogo is the largest non-bank car loan provider in the Baltic region, and Mogo Georgia is a market leader for non-bank car loans in Georgia. Investors can now invest in its Georgia-issued secured car loans listed in Euro (EUR) and Georgian lari (GEL) on the marketplace.

Established in 2012, Mogo’s business model is based on its fast customer service and open communication. As a result, the company has more than 40 000 clients worldwide. Headquartered in Latvia, it also has operations in Albania, Armenia, Bulgaria, Estonia, Georgia, Lithuania, Moldova, Poland and Romania.

The average Georgia-issued car loan from Mogo is around EUR 1 500 and GEL 4 500, with a typical repayment period of 33 months. Investors can expect an annual net return of up to 14% for its loans listed in EUR loans and up to 18% for its GEL loans.

To maintain its skin in the game, Mogo will keep 5% of each loan. All Georgia-issued loans from the company are secured with a buyback guarantee and will be repurchased if a loan is delinquent for 60 days or more.

Mogo Georgia was founded in June 2014 and has since issued 35 781 loans worth more than EUR 55.7 million. The company offers residents of Georgia car loans with repayment periods up to 72 months and allows borrowers to receive their loan on the same day of their application.

The typical borrower from Mogo Georgia is a male who is 32 years of age. He has a regular income and is approaching Mogo because he wants a simple, fast and hassle-free service. Whilst a bank is the cheaper option to receive a loan in Georgia, they also require many documents and there can be a lengthy waiting time to receive the funds. Banks also try to avoid supplying financing for used cars and only disburse these loans for their long-term clients. Therefore, Mogo is the fastest way to buy a car with minimal down-payment, as well as receive a loan quickly by using your car as collateral.

Mogo launched on Mintos in 2015 and so far around EUR 132 million has been invested in its loans on the marketplace. In addition to the Georgia-issued loans, Mogo also offers you the opportunity to invest in its loans from Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania, as well as unsecured personal loans from Latvia, on Mintos. These investment opportunities are now available in four currencies – EUR, British pound (GBP), GEL and Polish zloty (PLN).

Envestio peer-to-peer crowdinvesting platform overview

By MPI3rd June 2018News, Peer-to-Peer Lending, Real estate, Uncategorizedbusiness ventures, buyback guarantee, crowdfunding, crowdinvesting, cryptomining, energy investments, Envestio, Envestio.com, EUR, project, real estate, real estate investments, risk

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.

Started as a private investment fund, now Envestio is a modern crowdinvesting platform, which offers new ways of making investments in traditional and innovative investment projects. Envestio offers investors premium level investment opportunities, which were carefully chosen from many applications and thoroughly studied by Envestio analytical team. Entrepreneurs from different industries can apply for structured financing at Envestio platform and quickly receive it from the pool of registered private investors. Envestio takes care of the transparent full-cycled fundraising process, and ensures honest and unbiased information exchange between all participants of every investment project.
In the Age of Internet crowdfunding concept swiftly became popular as an alternative way of finding necessary financing for different projects. Unlike the traditional bank financing, crowdfunding is highly decentralized concept, where many investors are participating in each project with investments of small or moderate size. Crowdfunding is being used to finance project of different size and nature, such as commercial ventures, cultural and charity events, scientific research, development of new products, etc. In many cases, people, contributing to a crowdfunding project are not expecting a monetary return, especially in case of funding cultural or charity project, or the return is clearly symbolic, like “thank you” booklet or CD.

Since its establishment in 2014, Envestio has been investing funds in three industries: real estate, energy, cryptomining. A new step into other business area was made in the end of 2017. As of April 28, 2018 an innovative business of cryptocurrency mining constitutes the biggest portion of Envestio’s historical portfolio with 42% of total funds invested, followed by energy sector with 27%, and real estate projects with 27%. 3% were invested in other industries.
As of April 30, 2018 Envestio has successfully conducted and exited 20 investment projects, by fully receiving back principal and interest from our cooperation partners. The total sum of provided capital exceeds EUR 6,3M, while accumulated income from interest exceeds EUR 1,7M level.

What type of investments can be made?

– Crowdinvesting
Crowdinvesting is somewhat more specific than ordinary crowdfunding as it is related to funding business ventures, newly established or already existing companies with a straightforward purpose of earning interest on invested funds. Certain number of investors join a pool to complete the announced need of a project or company for specific type of funding. Profits or revenues are distributed to them according to previously approved schedule and proportionally to the share invested by each investor. Most crowdinvesting platforms allow their participants to start investing from very fairly small amounts, such as 50 or 100 EUR. Ordinary people received a great alternative to traditional bank deposits, which are noticeably less flexible and profitable than investments made through crowdfunding platforms.
– Bridge investing
Bridge financing is an interim financing option used by companies and other entities to solidify their short-term position until a long-term financing option can be arranged. Bridge financing normally comes from an investment bank or venture capital firm in the form of a loan or equity investment. This type of financing only occurs when a company’s runway is shorter than its future financing options, and it needs to remain solvent in order to obtain such long-term financing.

Who is eligible to invest?

All adults may become investors at Envestio. With the minimum investment amount of only 100 EUR, the idea behind Envestio is that everyone should be able to participate in different innovative and traditional investment projects.
It is free to register at Envestio and start investing using the platform.
Investors do not pay any fees for their investment at Envestio either. Therefore, the entire payment is used for the investment with no deductions.
In some specific cases there are one-off fees, associated with international bank transfers.

In what currencies can investments be made?

Investment accounts of Envestio participants are maintained in EUR, and money payouts to Envestio participants are done in EUR as well. Currently there is no blockchain/token technology used behind Envestio operations. Envestio does not convert invested funds into any kind of crypto-currency.
At the moment, Envestio is not accepting credit cards as a mean of adding funds to Envestio investment account. This possibility is still being analyzed in order to comply with AML legislation and be economically viable for Envestio business. Also, it is not possible to add funds by Western Union, crypto-currency, or any kind of electronic money transfer. Envestio portal accepts only safe bank transfers, done by Envestio participants from their private bank accounts.

Investing

You do not need much capital to invest successfully, you can also create your own diversified investment portfolio at Envestio step by step. Indeed, you can start with small investments from 100 EUR in single project and expand your portfolio over time, you can reinvest profits from successful investments in new projects, etc. As a result, your portfolio will become broadly diversified over time.
Investing at Envestio is straightforward: You choose one of the premium investment opportunities in which you want to invest and decide how much money to invest. The entire investment process takes place online and requires just a few minutes of your time. In return for your investment, you will receive fixed interest payments according to established schedule. The minimum investment is just 100 EUR.
Envestio has already pre-analysed all investment opportunities offered on the platform. In fact, only very small % of companies applying for a financing round on Envestio are accepted and presented further to Envestio participants.
Investments done through Envestio are not just interesting and high-profitable; those are also a way of supporting entrepreneurship and innovation in the region. Many company founders, discoverers, and visionaries often had troubles to find people among traditional investors, who shared their vision and recognized opportunities and potential of their business ideas.
Investors at Envestio are different from that. They share the ideas and see in reality that small things can eventually morph in something big and successful. Envestio participants help new ideas and economic progress, they support innovation and creation of jobs, making a positive contribution to society while earning high profits. It is the best example of win-win situation.
Envestio business model includes cooperation with investment project owners in the field of providing bridge financing/temporary equity replacement for their business projects. Funds, gathered via Envestio portal, constitute a certain share of total financing that is attracted to specific project, besides traditional funding from banks etc. Respectively, the weighted average cost of capital (WACC) for these projects is much lower than interest rate, payable to Envestio participants.
Making investments in premium investment projects at Envestio offers great opportunities, but these investments still are risky as any other. In the worst case, the entire investment, including principal and interest amount may be lost. At the same time, Envestio participants are under no obligation to continue funding the problematic project.
Envestio participants can minimize the risk by diversifying their investment portfolio. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments with high return can balance out other less successful investments.
Envestio currently is offering investment projects with yearly interest rate from 12% up to 22%, depending on length and risk category of the project.
Financing of cryptomining hardware industry is considered most risky investment with the highest return, while real estate industry has the lowest risk category and moderate interest rates.
All interest payments already transferred to the Envestio participant’s investment account according to the project’s schedule remain in possession of the investor. Interest that is accrued, but not yet received, is written-off at the moment of confirming the buyback.

How does the buyback guarantee work?

Envestio buyback guarantee means that any Envestio participant at any moment can sell an investment from his or her investment portfolio back to Envestio and instantly receive invested money back his or her investment account. Since the funds, gathered via Envestio portal, constitute a certain share of total financing that is attracted to specific project, besides traditional funding from banks, Envestio is sufficiently capitalized to execute any buyback immediately.
Cost of performing buyback is calculated and shown to Envestio participant in Envestio personal area.
Please note that in some cases cost of buyback can account to substantial percentage of invested amount.

Upcoming platform improvements and new planned events

– Soon the webpage will be available in 6 languages, including Spanish, Italian, Estonian, and Russian besides already existing German and English
– Auto-invest function will be added within June-July 2018
– Secondary market for investments is going to be introduced after auto-invest is in place
– Mobile app for iOS and Android will appear within 1-1,5 months (July-August 2018)
– Around 10 new investment projects are being prepared for presentation at the platform

Grupeer peer-to-peer lending marketplace overview

By MPI1st June 2018News, Peer-to-Peer Lending, Real estateEUR, Grupeer, invest, investing, loans, p2p investing, p2p lending, peer-to-peer lending

Grupeer platform is an electronic trading place that provides an opportunity to invest your free funds in secured loans. The services offered by the Platform are the servicing of claim right acquisition deals, i.e. the Platform brings together two independent participants of the deal – the seller of the claim rights (credit company or investment company) and their buyer.

Grupeer Platform operates in the jurisdiction of the Republic of Latvia.

In Latvia, no unified normative regulation of mutual loans or financing with a pool is developed, therefore the services of the Platform are not subject to control of a single normative act, but are subject to a set of laws and regulations of the Republic of Latvia and directives of the European Union.

The Civil Law of the Republic of Latvia does not prohibit the holder of a debt claim from selling a part of it to another person. Moreover, the holder of the debt claim has the right not only to sell the entire debt claim in the whole, but also to assign/sell a part of it.

The Platform does not carry out activities falling under the definition of a credit institution or payment system in terms of Latvian and European legislation.

Who is eligible to invest?

Both private investors and legal entities that wish to receive passive income from their investments will be able to achieve annual profits of up to 15%.

In accordance with AML (Anti Money Laundering) legal requirements Grupeer accept money transfers from accounts opened with licensed credit institutions in the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. Accordingly, citizens / residents of these countries can register and make investments through the Grupeer Platform. In order to register and close deals, you need to be an adult capable person with a bank account.

The credit company, which issued a certain loan, remains interested in repayment and payment schedule compliance because this organization is the holder of the main debt claim.

Each registered Platform user can see all the information on a particular loan: the amount and purpose of the loan, the availability of collateral, the maturity date and the payment schedule. You independently analyze the information and decide how to direct your capital investment.

For example, you can repurchase the whole loan from the chosen creditor or only a certain part of it. All the time while payments on this loan are received the investor receives his profit, which is proportional to his investment share. At the same time, you can distribute your capital between several credit organizations – to invest in various types of loans, in different countries and for different borrowers.

In what currencies can investments be made?

The Platform makes settlements in euros (EUR). If the base currency of your current account is another currency, then before making a payment, you need to convert it into euro. In case of receiving funds in another currency, the Platform is entitled to return such a payment, retaining the commission in accordance with the bank’s tariffs, or convert them into euros at the current exchange rate of its bank.

How can funds be transfered?

The only possible means of payment at the moment is bank transfer. This is due to AML (Anti Money Laundering) legislation requirements. Grupeer accept money transfers from accounts opened with licensed credit institutions of the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. For security purposes, withdrawal of funds is possible only to a confirmed bank account, i.e. the account which you transferred funds from to Platform bank account and which your user identification number is associated with.

Investing

Grupeer Platform provides an opportunity to invest in loans issued by credit market professionals – credit institutions and investment funds. For all loans, the borrower’s solvency has been assessed, and appropriate scoring and compliance procedures have been carried out.

A Platform user acquires a claim right to the borrower, thereby becoming a joint claim right holder. The credit company by means of such deals refinances a part of its loan portfolio, getting resources for further development.

The credit institution continues to administrate the loan, including receiving borrower’s payments, while paying to the investors their joint share in accordance with the amount of their claim right the borrower they acquired.

On the Platform two types of loans are offered: loans issued by credit institutions to individuals, and loans issued to enterprises. The loans, related to development projects, issued to companies specializing in real estate development projects, stand as a separate category. In all cases, despite the sale of part of the claim right (the so-called “investment in a loan”), the credit company remains the holder of the main debt claim, thus it is interested in following the payment schedule and repaying the loan by the borrower.

For each loan offered on the Platform, specific information is provided, including the purpose and amount of the loan, maturity date, type of payment schedule and availability of collateral. The user independently evaluates and decides which loan to invest in.

Investments in development objects offered by Grupeer Platform are also executed through already issued loans, by means of acquiring a claim right, and from legal point of view they do not differ from investing in other loans. A classic example is the situation when a loan issued to developer for acquiring a land plot (bringing communications, developing a technical project, etc.) is refinanced in this manner. In practice, these loans have the nature of interim financing (so-called bridge loans), with a 1-2-year term – usually this period is required to complete the “zero cycle” of construction, after which the object, having at this stage a much higher market value, is refinanced by the bank and partly – by real estate buyers through pre-sales in case of a residential project. Such a model is typical for many EU countries, for example, Germany.

To begin work on the Platform, you need to transfer an amount which is not less than the minimum investment amount (10 euros).

At the moment, the limit of incoming payments from a registered Grupeer user to Platform bank account is 50,000 euros per month. If you wish to invest a larger amount, you will need to provide the bank with additional information.

Alfakredyt has launched on Mintos p2p lending marketplace and offers investment opportunities from Poland

By MPI29th May 2018News, Peer-to-Peer LendingAlfakredyt, buyback guarantee, EUR, investment, Mintos, PLN, Poland, Short-term loans

There are now more investment opportunities in Euro (EUR) and Polish zloty (PLN) on Mintos! Alfakredyt has just launched on the marketplace and offers you the opportunity to invest in its short-term Poland-issued loans and earn net annual returns of up to 11%.

Alfakredyt was established in 2013 in Poland and since its inception around 150 000 loans have been disbursed worth EUR 55.5 million. The company offers loans up to PLN 4 000 (around EUR 900) and it prides itself on its fast service – borrowers can receive funds in their account within 15 minutes once their application has been accepted. The company’s fast product and high-quality customer service have attracted more than 43 500 customers since its inception. 89% of the company’s currently active borrowers are repeat borrowers.

“We are pleased to join Mintos because it has a vast investor database, impeccable reputation and transparent methods of cooperation. We believe this will help us to increase the volume of disbursed loans and better serve our borrowers, whilst also offer investors on Mintos the opportunity to invest in loans listed in PLN and diversify their loan portfolios,” says Aleksejs Gromovs, Member of the Board at Alfakredyt.

On Mintos, the average Poland-issued loan from Alfakredyt available for investment is around EUR 400 and PLN 1 800 with a maturity of up to 30 days. You can expect net annual returns of up to 11% for all of Alfakredyt’s loans. All loans from the company will come with the buyback guarantee, and additionally, it will maintain 10% skin in the game to ensure its interests are aligned with those of investors.

Alfakredyt has an effective CRM system which has allowed the company to make nearly 80% of the business completely automated, and other processes semi-automated. This means there is less room for mistakes and allows it to run efficiently and cost-effectively. The company has also developed an automated scoring system, which is based on several factors – databases, in-depth automatic analysis based on historical data (similar to Big data) and personal experience of management. All of this combined means borrowers can get access to funds incredibly quickly and allows Alfakredyt to make the best decision when approving a loan.

As of December 31, 2017, Alfakredyt had a net profit of almost EUR 188 000 and a net revenue of more than EUR 3.1 million. Currently, the company has a net loan portfolio of EUR 4.14 million.

The first loan originator from Mexico has launched on Mintos p2p lending marketplace

By MPI23rd May 2018News, Peer-to-Peer Lendingalternative finance, Credilikeme, invest, Mexican peso, Mexico, Mintos, MXN, peer-to-peer lending, personal loans

The Mintos peer-to-peer lending marketplace is continuing to expand rapidly and they launch the first loan originator from Mexico offering loans for investment in Mexican peso (MXN). Credilikeme is one of the most innovative loan originators in Mexico, offering personal loans to Mexican citizens online and through its immersive mobile app which uses gamification features. The company offers investors the chance to invest in its personal loans from Mexico listed in MXN with expected net annual returns of 16%.

Credilikeme was established in 2012 and has issued more than 35 000 loans since then. The company is completely online and issues loans through its website and mobile app. Credilikeme prides itself on its unique business model and aims to provide a lifestyle-like experience with its mobile app.

“Partnerships between fintech companies is all about creating value for the industry. Mintos and Credilikeme are both important parts of the credit distribution value chain. Our partnership is all about liberating loan distribution and underwriting in Mexico, so we can give access to our borrowers and have a positive impact on their lives,” said Jorge Enriquez, Co-founder and CEO of Credilikeme.

Mexico-issued loans on Mintos from Credilikeme range from around MXN 3 700 to 19 000. The repayment period ranges from one to seven months and borrowers repay their loans in fortnightly instalments. You can expect a yearly net return of up to 16%.

The company will maintain 20% of each loan placed on Mintos on its balance sheet to keep its skin in the game, as well as only offer loans from repeat borrowers who have proven to be reliable in meeting their payment deadlines on the marketplace. All loans from Credilikeme come with a buyback guarantee, so loans that may become delinquent after 60 days or more will be bought back by the company.

The typical borrower of Credilikeme is a Mexican citizen aged between 21 and 45. They usually take out a loan for emergency expenses or working capital for a business.

As of February 2018, the company has distributed MXN 100 million (around EUR 4.5 million) worth of loans since its inception. In the past year, it had a revenue of MXN 11 million (around EUR 493 000). The company had an outstanding net loan portfolio of MXN 4.8 million (EUR 215 000) as of January 2018. Credilikeme is backed by well-known companies as investors, including Grupo Kaluz, a large banking and industrial group with operations in Mexico and Credito Real, one of Mexico’s largest offline payroll lenders.

According to the Americas Alternative Finance Industry Report, Mexico accounted for the highest total alternative finance market volume in Latin America and the Caribbean in 2016 (USD 114.2 million). Mexico was the third most active country in this region, following Chile and Brazil and has an annual growth rate of 730%. Marketplace and P2P Business Lending was the largest section of the alternative finance industry in Mexico.

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Category Archives: Peer-to-Peer Lending

Aforti Factor Joins Viventor p2p lending marketplace

Stik Credit Joins Viventor peer-to-peer lending marketplace

Lenndy peer-to-peer lending marketplace overview

If you invest for the first time at Lenndy don’t forget that you can get € 10 bonus if you invest minimum 100 EURO in one or more loans, more details HERE.

What type of investments can be made?

Who is eligible to invest?

In what currencies can investments be made?

Investing

Bondora today launched its “Go & Grow” program for all users

What are the benefits?

Additional benefits?

How to transfer the existing Bondora investment portfolio to Go & Grow?

Is the rate of 6.75% guaranteed?

How investors will be taxed for this?

Mogo has just launched its Georgia-issued secured car loans on Mintos p2p lending marketplace

Envestio peer-to-peer crowdinvesting platform overview

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.

What type of investments can be made?

Who is eligible to invest?

In what currencies can investments be made?

Investing

How does the buyback guarantee work?

Upcoming platform improvements and new planned events

Grupeer peer-to-peer lending marketplace overview

Who is eligible to invest?

In what currencies can investments be made?

How can funds be transfered?

Investing

Alfakredyt has launched on Mintos p2p lending marketplace and offers investment opportunities from Poland

The first loan originator from Mexico has launched on Mintos p2p lending marketplace

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Category Archives: Peer-to-Peer Lending

Envestio now offers a 5 EURO “first deposit bonus” and 0.5% bonus for your investments made during 270 days from the registration.

How the program works?

How are the “first deposit” and “timespan” bonuses calculated and paid out?

If you invest for the first time at Lenndy don’t forget that you can get € 10 bonus if you invest minimum 100 EURO in one or more loans, more details HERE.

What type of investments can be made?

Who is eligible to invest?

In what currencies can investments be made?

Investing

What are the benefits?

Additional benefits?

How to transfer the existing Bondora investment portfolio to Go & Grow?

Is the rate of 6.75% guaranteed?

How investors will be taxed for this?

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.

What type of investments can be made?

Who is eligible to invest?

In what currencies can investments be made?

Investing

How does the buyback guarantee work?

Upcoming platform improvements and new planned events

Who is eligible to invest?

In what currencies can investments be made?

How can funds be transfered?

Investing

Enjoy this blog? Please spread the word :)