Week 46+ News Summary for P2P Investors

Week 46+ News Summary for P2P Investors

P2P investing News summary - News about platforms and interesting articles

Here is some of the news I have received from the 19 platforms I am currently invested with. I also gather a number of interesting articles written about P2P, platforms, regulations, tools and how-to guides. I get a not of news about P2P, so in this summary I try to filter away all the spam, promotions and everything that does not really deliver much nes or value to the reader. We are all busy, so I try to deliver a compact and filtered list of the most valuable, entertaining and educational P2P news I receive. Please let me know if you find these news summaries helpful, by commenting below. Any ideas for improvement is the comments are very welcome as well. 

For those of you who wants to keep updated, you can get the latest news from the previous week in this summary. If I missed something important, please comment and I will add it to the list. 

DoFinance introduces security fund to cover bad debt

November 17
DoFinance security fund is imposed on all investments invested in program DoFinance Secure®.

Whenever an investor invests any amount of EUR in the program DoFinance Secure® for one year, Dofinance from their own resources will place 5% in the security fund supervised by an independent sworn auditor.

DoFinance Secure® is accumulating and the further in the future, the bigger the investment fund will grow in proportion to Investors funds. For investments made for shorter periods, Dofinance investment will be adjusted accordingly.

The investment fund is accumulating, because none of the placed funds are withdrawn and will accumulate until at least 50% of total active investments are covered by DoFinance Secure® fund.

DoFinance will publish a report by sworn auditor approving the balance of the security account once every month and the report will be published in the DoFinance blog. 

How did Debitum Network perform in October?

November 17
Despite challenges in the market during the pandemic, October was a good month for Debitum platform. During the month three loan originators have joined the platform – Evergreen Capital from Estonia, CubeFunder from the United Kingdom, and a known Debitum partner Chain Finance from Estonia. The volume of assets provided on the platform was the highest since February, just before the pandemic. Therefore, the supply of new assets on the platform was well-received by Debitum investors. From the other side, Debitum has experienced an increased demand for new investments and funds deposited on the platform. 

Robocash will postpone IPO

November 17
Not long ago Robocash published a report on Robocash Group’s results for H1 of 2020 showing that even in the challenging months the holding managed to make 10.7 mln USD of profits. 

In Q3, the group was working to improve the already impressive figures. Thanks to proper management and timely action, we came out of the crisis with improved portfolio quality and performance indicators. In 9 months of 2020, we issued loans worth 217.3 mln USD and reached a record high customer return rate of 72%. During this period, Robocash showed outstanding growth and reached 16.2 mln USD in profit topping the result of the whole 2019 in just 9 months. Meanwhile, the revenue amounted to 83.5 mln USD.
Robocash Group also managed to increase its retained earnings to 39.3 mln USD as of September 30, 2020. For investors, it is a sure sign that the group is financially strong and provides a solid background for the operation of Robo.cash platform. Our anti-crisis strategy and successful experience allows us to be prepared and steady in the face of challenges.

Considering the group’s QoQ performance, in Q3 we managed to 
increase the disbursement volumes by 34%. The net profit and revenue rose by 53% and 9% respectively.

Robocash Group: the IPO and plans for the future
Seeing the impressive results and active growth of the group this year, we have decided to make some adjustments to our nearest plans.

 

Earlier, we announced the launch of an IPO at the end of 2020 and considered the Australian Securities Exchange as one of the listing options. Yet, the group’s remarkable performance this year has allowed our business to develop independently so far. Given this, we have decided to focus on getting the best valuation for Robocash Group and take extra time to explore more listing venues for this purpose. As a result, we have opted to postpone our IPO until H2 2021. Meanwhile, the pre-IPO fundraising round for the group’s operational business aims is still underway, with 8 mln USD raised so far.

Mintos Crowdfunding on Crowdcube passed 5mio EUR

November 17
When Mintos opened early access to our crowdfunding this Monday, they expected to hit their €1 million raise target in a few days or maybe a day. Mintos were absolutely blown away by the interest, and never expected to exceed our initial target in less than 15 minutes. €5m from 4600 investors in 24 hours. If you want to take this opportunity to join Mintos crowdfunding investors, head over to Crowdcube and check out the details.

The profitability of the Aventus Group companies in Poland remains stable

November 16
Aventus Group companies in Poland are among the oldest in the Group’s business. These PeerBerry business partners in Poland have been counting a profitable years since 2012.

It is gratifying that, despite the change in regulation in Poland and the pandemic, Aventus Group companies plan that the year 2020 will the same profitable as 2019.

Let’s look at the key numbers:
• 2,84 million Eur – the net audited profit in 2019
• 4 – the number of Aventus Group companies in Poland that list loans on PeerBerry
• 8 – years of Aventus Group operations in Poland
• 17% – the share of Polish loans in the total loan portfolio on PeerBerry
• 4,4 million Eur – the current amount invested in Polish loans on PeerBerry
• 25,7 million Eur – the total invested amount in Polish loans since the beginning of the partnership with PeerBerry
• 230 million Eur – cumulative issued loans, since the beginning of business in Poland

What is a Note on Mintos? List of FAQ from investors

November 13
Recently, Mintos shared an update on the upcoming introduction of Notes, the new financial instruments that will be available once Mintos becomes a regulated marketplace. Mintos received a lot of interest and questions on how Notes will work. Below you can see a compilation of the most frequently asked investors questions that popped-up on our blog and in emails to Mintos Investor Service team.

Reinvest secondary market in test

November 12
Reinvest24 are soon ready to share with their most awaited development feature – secondary market.
On Reinvest24 investors can invest into the equity of property and then participate on monthly rental payments and potentially capital gains at exit (if the property is sold). The secondary market feature had been first announced more than a year ago, but has been postponed several times. I was given access to the demo system, where I could try out the feature with a test account.

CROWDESTOR live webinar - Credit Scoring

November 13
CROWDESTOR is excited to invite you to the live webinar on the 19th of November, 12:00 (CET), with Artur Geisari, the Head of SME. 

After receiving great feedback about the live Credit Report Webinar, CROWDESTOR have decided to shed more light on the topic and to prepare a completely new webinar, this time addressing Credit Scoring. Given the new regulation on crowdfunding platforms which states that platforms will have to explain the scoring methodology, this topic is extremely important at the moment. And that is not all – there are many more interesting topics that will be addressed during the LIVE webinar.

Questions that will be covered during the LIVE webinar:

– What are the strengths of the CROWDESTOR scoring model? How is it different from other scoring models?
– What are the average statistics across SME portfolio – amount, term, rate?
– What is the current level of late payments, defaults, and expected loss across SMEs?
– What has happened to Monify?

If you have specific questions regarding CROWDESTOR SME, please send them to info@crowdestor.com and we will make sure to address them in the next webinar!

Find the link to the LIVE webinar here: https://www.youtube.com/watch?v=QsUnUxZA0RM

P2P or WTF platforms? How it's going?

November 13
Another entertaining article from Kristaps. What could be the next platforms to shut down?

Aventus Group will finish 2020 with a net profit of 10 million EUR

November 12
The largest PeerBerry business partner Aventus Group will finish 2020 with a net profit of over 10 million EUR – this is calculated according to the 10-months results and the forecast for the remaining two months.

Andrejus Trofimovas, CEO of Aventus Group, shares his insights on the Aventus Group business, the pandemic impact on the lending business, and answers other questions relevant to PeerBerry investors.

At the end of October, Aventus Group’s equity amounted to 29,73 million EUR. The total loan portfolio of the group companies amounted to 75,8 million EUR. Despite the pandemic situation, this challenging year is very successful for the Aventus Group. Lending volumes grew steadily in all key markets. The loan issuance growth rate in October 2020 was 42% higher than in October 2019. The Group has also significantly improved its debt to assets ratio, decreasing it from 76% (at the beginning of 2020) to less than 59% (currently). The Group currently has more than 4,5 million registered clients and employs more than 1 100 professionals in different countries.

Viventor Monthly overview: October 2020

November 11
First up, Viventor launched a new improved onboarding process on the platform. Viventor have teamed up with Ondato, an up and coming provider of KYC/AML solutions who are already a trusted partner to such Scandinavian banks as Luminor and Swedbank. With Ondato, we are now able to reduce onboarding to 10 minutes or even faster, whilst also providing the best level of security and compliance.

Confusion arising from Funds in Transit
To overcome some of the confusion arising from Funds in Transit, and to provide greater transparency for Viventor investors, they replaced Funds in Transit with two new investment repayment classifications. Funds in Recovery are funds that we are still outstanding and that we are working hard to secure, while Impending Payments are payments we have received and are processing. 

Finally, Viventor are very excited to announce that they have been selected and have joined StartupBootCamp, the world’s largest network of multi-corporate backed accelerators. The process kicked off on 2 November and will run for three months. This is an amazing opportunity for us to gain exposure to a huge network of investors and will give us the perfect platform to promote Viventor. We hope that in the coming days and months we will have more exciting news.

Portfolio overview
In October Viventor saw significant growth in loans funded, with amounts rising by +45,3%. This was followed by a large increase in interest earned, which was up 209,6%. Although the amount of available loans dropped by 3%, there are still a lot of opportunities to invest. We also observed that bigger amounts were being invested in our new loan originators (Stikcredit, Maxo.bg) as well.

Still any good P2P platforms out there in the horrible year of 2020?

One of the questions I asked every single P2P platform I have visited was “How will you handle a crises or economic downturn?” This year we have seen what can happen first hand. Many P2P platforms have not been paying investors as promised. Some have even closed down. Some were exposed as scams. 

The four P2P platforms below have continued to deliver on their promises to me, and other investors, during 2020. Their terms have also not been changed too much and they have been paying good profits consistently during the whole corona crises. (More platforms have of course delivered what they have promised, but this is my top 4 list).

Peerberry

Estateguru

VIAINVEST

Bondora (Go & Grow)

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