Get a quick overview of the latest news from the P2P lending industry
A Credit, a lender from Kazakhstan, is now offering its loans to investors on PeerBerry. The company is offering investments in short-term loans with an 11,5% annual return, backed by a buyback and group guarantee.
All users of Celsius Network can submit a proof of claim against Celsius Network by the 3rd of January 2023 at 5PM ET.
Delayed loans on VIAINVEST are not being repurchased after 60 days. The platform is claiming "technical issues". Those issues have been ongoing for over 12 months, locking investors' funds for an indefinite amount of time.
Latvian parliament has passed a law that reduces withholding tax requirements for private individuals who are tax residents of EU and EEA countries from 20% to 5%.
After only three months, TWINO is changing its CEO again. The newly appointed Chief Operations Manager is Helvijs Henšelis, a former tax manager.
The Colombian lender Rapicredit failed to cover all investor obligations this week. Bondster is expecting to receive another payment next week.
P2P Empire interviewed the CTO at Danarupiah - Tao Zui. The discussion covered the lenders' approach to risk management and regulation in Indonesia. In our exclusive interview, you can learn more about how Danarupiah scores borrowers in an emerging market such as Indonesia.
Bondster has informed us that the platform received payments from Rapicredit. All the +60-day delayed loans should be repurchased by 18/11/2022. The platform also suspended the listing of new loans from Lime SA and is in the process of reevaluating the lender's risk score.
The crypto-earning platform Haru Invest is now offering a 13% yield on USDC with its Haru Earn product. Users who don't wish to lock up their USDC will receive a 5% APY.
PeerBerry's business partners repaid another €1,8 M in war-affected loans from Ukraine and Russia. PeerBerry business partners have already refunded over EUR 27,02 million, or 54% of the total war-affected obligations towards PeerBerry investors.
In what seems to be a repeated mistake, CryptoCom has once again sent money accidentally, only to recover it later. This is a clear sign of poor risk management.
Bondster informed P2P Empire that all loans with a delay of more than 60 days would be repurchased by the end of the month. The expected recovery of all delayed loans (+60 d.) from Rapicredit and Danarupiah is by 15. November 2022. Loans from Juanchotepresta should be repurchased by 21. November 2022 and loans from Rightchoicefinance are expected to be recovered by the 29. November 2022.
BlockFi halts all withdrawals, citing the "lack of clarity" around FTX. The crypto lender announced on Twitter that the company acknowledged that it cannot 'operate business as usual given the 'lack of clarity on the status of FTX.com, FTX US, and Alameda. As a result of BlockFi's asset freeze, California's Department of Financial Protection and Innovation has suspended BlockFi's lending license.
Haru ensured its users that the platform had no exposure to FTX and had never invested or traded FTT tokens.
CoinLoan's yield generation model is not in any way related to Alameda Research or DeFi in general. The platform announced that it had never any material exposure, business or personal connections to the FTX exchange, Alameda Research, or the FTT token.
Ledn confirmed its relationship with Alameda as one of the counterparties that the platform works with to generate yield for Ledn's clients. Ledn has been in frequent contact with their management team, and as a precaution, has reduced the Ledn asset balance with Alameda. So far, Alameda has returned assets in a timely manner and Ledn is actively working with them to return the remaining balance of assets. The exact exposure to Alameda wasn't disclosed.
Yield App confirmed that the platform has no exposure to Alameda or the FTT token, and no significant exposure to FTX.
Investors on Bondster are reporting that loans from the Indonesian lender Danarupiah are delayed for more than 60 days. The number of lenders not honoring the buyback guarantee on Bondster is growing.
Loans from the loan originator JUANCHOTEPRESTA in Colombia are delayed for more than 60 days. The offered buyback guarantee isn't being honored.
Investors are reporting repayment delays of more than 60 days for Bondster's lending partners in South Africa and the Philippines. The mentioned lenders failed to honor the buyback guarantee.
The loan originator ClickCash from Brazil has not executed buybacks as per the agreement. The listing of new loans from ClickCash is suspended.
Starting from November 9, 2022, any funds sent to the old bank account opened at Bilderlings Pay Ltd. will not be credited to your account. Check your dashboard to retrieve the new bank account details.
LANDE is aiming to raise €457,594 at a €4,000,000 pre-money valuation. The raised funds will be used to help LANDE become the largest digital lending platform for Agricultural projects in Europe.
The lending company Rapicredit isn't honoring its promises to cover the obligation toward investors.
P2P Empire interviewed the CEO at Vivus MX - Vladimir Maslik. The discussion covered the lenders' approach to risk management and regulation in Mexico. In our exclusive interview, you can learn more about how Vivus Mexico evaluates borrower risk and the regulatory environment.
The Robocash Group its performance report highlight the results for 2022. The finance group made 346.8 M USD in revenue and 43.5 M USD in net profit this year. Both lending operations in Spain and Kazakhstan surpassed Robocash's forecast.
EstateGuru's funding volume decreased to €13.8 M last month. Investors received €7.5M worth of principal. The default rate of EstateGuru's outstanding portfolio decreased to 7.75%, mainly due to the recovery of one Finnish loan (€2M). EstateGuru expects the recovery of the first defaulted loan in Germany (€2.5M) by December and the recovery of the largest Spanish defaulted project (€1.8M) during November.
Reivnest24 is in the process of closing the accounts on their previous payment processor, don't make deposit transfers with the platform's old bank details. Updated bank details can be found in the deposit section in the investors' account.
Robocash is now listing loans from Digido Finance Corp. a lender owned by the Robocash Group. The company will offer consumer loans with an annual yield of 8-12% for a period of 7 to 183 days. All loans are backed by a buyback and group guarantee.
The US-based crypto lending platform stopped offering interest on USDT deposits.
Loans from Poland have now been included in the "Diversified" strategy on Esketit. The "Diversified" strategy will always keep 33% invested in Jordan loans and the remaining 67% in Creamfinance loans, split by current supply on the market.
Due to current circumstances in Moldova, the developer is facing some cash flow issues. Therefore the interest payments for the current month are delayed.
PeerBerry repaid €1.8 M in war-affected loans from Ukraine and Russia. PeerBerry business partners have already refunded over EUR 25,05 million, or 50% of the total war-affected obligations towards PeerBerry investors.
The Financial and Capital Market Commission in Latvia fined SIA VIAINVEST for offering investments in claim rights after the company received the investment firm license. Regulated investment firms in Latvia can only offer investments in the form of securities and not claim rights.
Esketit is now listing loans from extraportfel.pl and lendon.pl, which are part of Creamfinance, a finance group that is rebranding to AvaFin.
Investors will soon be able to invest in loans from the Netherlands.
Reinvest24 supports SEPA transfers to its Railsbank bank account in the UK.
Lendermarket has onboarded a new loan originator, QuickCheck, from Nigeria. The lender is consumer loans ranging from $70 to $2,400 and a loan term from 30 to 360 days. The lender offers up to 15% annual interest and a 60-day buyback guarantee.
VIAINVEST started offering loans from its company Vamo.ph which is part of the VIA SMS Group. Investors can earn 13% APY by investing in loans from the Philippines.
P2P Empire interviewed the Chief Risk Officer at Money for Finance - Atis Verdenhofs. The discussion covered the lenders' approach to risk management, regulation, and licensing in Jordan. You can learn more about how Money for Finance protects investors against market and borrower risks in our exclusive interview.
The algorithmic crypto trading platform has launched two new trading strategies: ETH-correlated DeFi blue chips that generate yield with hedged positions shorting or longing ETH and Delta-neutral exposure on GLP position. The platform also shared its position within its Base Yield strategies.
Leon is at least the eighth crypto sector executive who has resigned in recent months, with Celsius CEO Alex Mashinsky resigning a week ago.
Celsius Network founder Alex Mashinsky withdrew $10mn from the crypto lender just weeks before the company froze customer accounts as it spiraled towards bankruptcy, according to people familiar with the matter.
All account creation and login will be disabled from 12:00 PM on Saturday, October 1, until 12:00 PM Sunday, October 2 (EET) while EstateGuru implements the changes.
The trustee tasked with overseeing Celsius Network’s bankruptcy proceedings has asked a federal court judge in New York to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature.
The Robocash Group has published its consolidated interim financial report. According to IFRS, the group has generated 214.2 M USD in revenue and 14.3 M USD in net profit in H1/2022. The total equity increased to 107.8 M USD, and the total assets reached 251.9 M USD by the end of June 2022.
YouHodler is decreasing the yield limit to $1,000 for all users that didn't use YouHodler's DUAL, MultiHODL, or loans in the past three months. Users' yield limit will be adjusted based on their activity on the platform.
YouHodler has introduced updated terms for its loan offerings, including flexible loan terms and stable fee rates.
Alex Mashinsky, the CEO of the bankrupt crypto lender Celsius has resigned. The CFO, Chris Ferraro, has been appointed interim CEO and chief restructuring officer.
FTX scooped up Voyager Digital’s remaining assets for a whopping $1.4 billion during the crypto broker’s bankruptcy auction.
The deal will enable Nexo to open bank accounts with Summit National Bank and enhance its lending and card products, according to Nexo's announcement. The news comes a day after seven U.S. states, including New York and California, brought legal action against Nexo for offering unregistered securities in the form of its yield-bearing account, which pays interest for crypto deposits.
California, New York and six other states are suing cryptocurrency lending platform Nexo for offering unregistered securities in the form of accounts that pay interest for cryptocurrency deposits. “Nexo violated the law and investors’ trust by falsely claiming that it is a licensed and registered platform," said New York Attorney General Letitia James, who is demanding the company give up the revenue from its "Earn Interest Product" accounts and provide restitution to customers. "Nexo must stop its unlawful operations and take necessary action to protect its investors.”
The platform published an interim report summarizing the platform's performance in H1 2022.
P2P Empire interviewed the founder and CEO at Yield App, Tim Frost. The discussion covered the platforms' approach to risk management, regulation, and licensing. You can learn more about how Yield App avoided exposure to LUNA and 3AC in our exclusive interview.
Robocash ensured us that none of the money invested on Robocash is transferred to or from Russia. Taking care of its investors and employees is the platform's top priority, and the Robocash management is committed to mitigating any potential risks.
Starting on October 5, 2022, Haru Invest is adjusting its withdrawal fees for ETH (reduction to 0.004 ETH) and USDT (increase to 10 USDT).
EstateGuru's funding volume increased to €18.5 M in last month. Investors received €13.1M worth of principal. The platform increased its fees for loan extensions to speed up the loan repayments from borrowers. The default rate of EstateGuru's outstanding portfolio increased to 8.4%. EstateGuru expects more significant recoveries (€5.5 M) in Finland by the beginning of November.
P2P Empire interviewed the founder and CEO at Heavy Finance, Laimonas Noreika, in the platform's HQ in Vilnius, Lithuania. The discussion covered many risk-related topics as well as the platform's lending practices and future plans.
Esketit's lending partner, Money for Finance in Jordan, is reporting a gross profit of €2.99 M for the first half of 2022. The lender lending volume increased to €18 M in H1 2022, compared to just €2.2 M in H1 2021.
YouHodler enables traders who use the Multi HODL tool to move the Stop Loss level to a percentage in the "profit zone" and take your profits.
PeerBerry repaid €1.6 M in war-affected loans from Ukraine and Russia in September.
Haru Invest will temporarily pause all ETH and USDT (ERC-20 series tokens) deposits and withdrawals due to ERC-20 network issues that may occur before or after the Ethereum Merge. After confirming the stability of the ERC-20 network, the platform will resume all deposits and withdrawals.
VIAINVEST is increasing its rates for asset-backed securities to up to 13% per year.
USDC deposits and withdrawals are paused until the Merge update is completed.
CoinLoan will suspend transactions via the Ethereum blockchain during the Merge Ethereum upgrade. Make sure there is enough time to process your transaction. Users' assets will be completely safe during The Merge.
Exiting the firm are David Olsson, global head of institutional distribution; Samia Bayou, global head of private client investors; and Shane O’Callaghan, senior director of institutional sales for Europe, Middle East and Africa as BlockFi is to be acquired by FTX.
CashXpress loans from the Philippines are again available for investments. The platform offers loans with a loan term of 180 days, backed by a group and buyback guarantee and a 12% interest rate.
Loans from Rapicredit on Bondster are again delayed for more than 60 days. The lender fails to honor the buyback guarantee and Bondster didn't manage to resolve this issue so far.
The mobile app of PeerBerry is now supporting dark mode. Update the app to access this new feature.
As of today, the EvenFi app is available for IOS and Android devices.
The loan portfolio from Finland on EstateGuru has reached a default rate of 31.18%. 17.47% of the entire Finish portfolio is delayed. Investors should consider this increased risk in Finish loans on EstateGuru.
The Income Marketplace has lifted the maximum allowed APY of 12% to 15%. Loan originators can now list loans with higher rates to attract more funding.
Haru Invest officially added Ripple (XRP) to Haru Wallet and Haru Switch.
New investors on Bondora, who wish to earn interest with Go & Grow are only able to use the "Unlimited" product, which generates 4% per year. Existing investors will continue earning 6.75% with the traditional Go & Grow product.
Since the war in Ukraine started, PeerBerry business partners have already repaid over 42% of war-affected loans to our investors. In the latest blog post, PeerBerry answered the most frequently asked questions regarding war-affected loans.
Karīna Caunīte-Orupe is the new CEO at TWINO. Maris Cevers got promoted to the new Head of Compliance and Risk Management.
P2P Empire interviewed the CEO at InRento, Gustas Germanavicius. The discussion covered InRento's business model, the merger with EvoEstate, and the due diligence process for rental projects.
DongPlus will offer PeerBerry investors to invest in short-term loans with a 12% annual return. A buyback and a group guarantee back Vietnamese loans.
This past week, Celsius’s financial troubles mounted further as a new coin report showed the company had a balance gap of $2.85 billion, more than double what it had shown in the bankruptcy filing.
Crypto.com laid off hundreds of employees, which may suggest that the company might be under more tremendous financial stress than publicly known.
Canada’s second-largest pension fund manager has written off its $150mn investment in crypto lending platform Celsius Network.
P2P Empire interviewed the CEO at Lendermarket, Endrik Eller. The discussion covered the liquidity issues of Creditstar and plans for the P2P lending platform.
Investors currently face cash drag on Afranga, TWINO and Swaper.
The funding volume on EstateGuru dropped to €11.8 M in July. The repayment of loans decreased to €4.4 M last month due to seasonality and loan extensions. The platform expects an increase in repayments during the following months. EstateGuru's default rate is currently at 5.8%.
P2P Empire interviewed the new CEO at Robocash, Natalya Ischenko. The discussion covered the latest developments of Robocash's lending business and future plans for the Robocash investment platform.
Robo.cash is lowering the offered interest rates starting from August 24, 2022. Investors will be able to earn up to 13% per year.
PeerBerry repaid €1.4 M in war-affected loans from Ukraine and Russia in August.
VIAINVEST has retrospectively removed the buyback guarantee which could have been initiated after 120 days for its credit lines. Investors are now stuck with investments in credit lines which can be extended indefinitely. VIAINVEST has also amended the auto invest settings of its investor base without prior consent to investments in asset backed securities with a duration of 180 days.
EvenFi introduced Xirr to calculate YTM in the secondary market.
Rapicredit has repurchased all loans that were delayed for more than 60 days.
Andrejus Trofimovas acquired a 50% stake in PeerBerry from Igoris Trofimovas.
Hodlnaut halts all withdrawals, deposits, and swaps, quoting the current market conditions.
CoinLoan has refused our invitation to talk about the platform's business model.
Cabital announced to discontinue the crypto interest account. From 11 August 2022, the crypto lender will stop paying interest on your crypto deposits. The Cabital Earn product will officially stop on 13 September 2022. Users' crypto assets will continue to be available for withdrawal.
Mintos, with its shareholder Aigars Kesenfeld, raised €1.5 M in the pre-seed round for the new dropshipping company Sell.xyz
YouHodler is lowering the crypto reward rates for the top coins. You can earn 3% APY on BTC, 4% APY on XRP, 4% APY on ETH, and 8% APY on all stablecoins.
The former COO at Robocash Group, Natalya Ischenko is taking the role of the CEO. Ivan Adamovich is replacing Grigorii Shikov as the new CFO of the Robocash Group.
YouHodler gets regulatory approval to operate in Italy. YouHodler has been officially registered and approved by the Organismo Agenti e Mediatori (OAM) in Italy as a cryptocurrency service provider. This registration allows YouHodler to offer its wide range of crypto services to Italian clients in compliance with local regulations.
IUVO has added a new loan originator from North Macedonia - M Cash, offering interest rates between 4.4% and 6.6% per annum with a 60-day buyback guarantee.
Celsius wants to bring back ex-CFO Rod Bolger and pay him about $62,000 a month to help navigate bankruptcy proceedings as an advisor.
Celsius' lender Customer.io employee copied Celsius client email addresses and transferred those to a third party.
YouHodler has launched a new feature called YouHodler DUAL, which lets you generate more crypto and benefit from the market volatility.
LendPlus from Kenya joins the PeerBerry platform. LendPlus will offer investors short-term loans with a 12,5% annual return. The Kenyan loans include a buyback and a group guarantee.
The Robocash Group is sharing its financial results for H1 2022. The lending group's revenue increased by 53.6% to $214.9 M, and the net profit decreased in comparison to the same period last year by 9.7% to $13.9 M. Total assets increased to $250.3 M. The total equity increased to $107.5 M. The Robocash Group has issued $675.8 M worth of loans in H1 2022.
You can file a claim against Celsius at Stretto.com
GoParity will be raising additional funds from the community. The crowdfunding campaign will be launched on the 25th of July, 2022.
PeerBerry will decrease the rates for the listed loans from the 18th of July. You can earn between 10% and 11.50% per year.
Reinvest24 has completed the final phase of the Interchem business loan project. The total amount of EUR 800,000 was repaid and brought an extraordinary return of 18% p.a. to the 839 participating investors.
PeerBerry repays over €1.4 M of war-affected loans of which €1.2 M of war-affected Ukrainian and Russian short-term loans will be repaid today and €200,000 of war-affected real estate and business loans will be repaid next week.
IUVO is now listing loans from AXI Card in Spain. The lender offers 8.5% with 6-month loans and 9% with 12-month loans; a 30-day buyback guarantee, group guarantee by MFG as well as 30% Skin in the Game.
On July 13, 2022, Celsius Network LLC and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.
The situation in the global markets is rapidly developing and the retail investor segment is reacting accordingly. After careful consideration of TWINO's existing and future product portfolio as well as risks for TWINO's potential investors associated with crowdfunding, the company has decided to indefinitely postpone both trading product development and accordingly the crowdfunding campaign for it.
Robocash is decreasing the rates for its short-term loans (1 - 30 days) to 9% p.a.
Loans from the loan originator Rapicredit are delayed for more than 60 days. Bondster is in contact with the company to resolve this situation.
Vauld's company Defi Payments Pte Ltd filed for a moratorium in the Singapore Courts. The platform is currently undergoing due diligence by Nexo who offered to buy Vauld. If this plan doesn't work, Vauld will be considering raising more venture capital, exploring other alternative acquisitions, waiting for loan repayments, converting debt to equity, developing a payment plan, or issuing their own token.
BlockFi is listing 9 new cryptocurrencies with yields ranging from 3% to 5% per annum. The new coins are Maker, Compound, Yearn.Finance, Curve DAO Token, SushiSwap, 1inch Network, The Graph, Chiliz, Enjin Coin.
Embattled crypto lender Celsius has been accused of running a 'Ponzi scheme' in a lawsuit brought by DeFi entrepreneur Jason Stone. Separately, blockchain analytics firm Arkham Intelligence released a report claiming that Celsius used customer funds worth $534 million to execute "high-risk leveraged crypto trading strategies" through a third-party asset manager. Source: Decrypt
Hodlnaut started listing PAX Gold (PAXG).
Several investors are reporting loans with a delay of more than 60 days. The buyback guarantee of certain lenders on Bondster is not upheld and their virtual accounts are empty.
Hodlnaut will be delisting UST Classic (USTC) and LUNA Classic (LUNC) on the 5th of August, 2022.
EvenFi has launched its equity crowdfunding campaign on WeAreStarting platform. The company has reached the minimum target of €300k in less than 24 hours.
Juancho te Presta from Colombia has started listing loans on Income. The lender is offering a 12% APY with loan terms ranging up to 24 months.
Vauld, a Singapore-based crypto trading and lending platform with operations in India, has suspended withdrawals, deposits, and trading. The firm has also hired legal and financial advisors for potential restructuring options. Source: The Block
Celsius laid off 150 employees.
FTX began talks with Celsius about providing financial support or making an acquisition but decided against proceeding after looking at Celsius's finances, the sources said. Celsius had a $2 billion hole in its balance sheet and FTX found the company difficult to deal with. Source: The Block
IUVO is relocating its company from Estonia to Bulgaria.
IUVO is relocating its company from Estonia to Bulgaria.
Hodlnaut might have misinformed users about its revenue-generating activities, including its exposure to Anchor and UST. Navigate to the dedicated Red Flag section to learn more about it.
Afranga published the annual financial statement for the lender Stikcredit. The company has made a net profit of €2.6 M in 2021.
ITF Group from Bulgaria has started listing loans on the Income Marketplace.
YouHodler has launched the option to add an "Anti Phishing Code" which will appear in all emails from YouHodler. This helps decrease the risks of falling for phishing attacks. You can set up your unique "Anti Phishing Code" in your profile settings.
Users can now enjoy cheaper and faster blockchain transactions with Hodlnaut’s support for BEP-20 for USDC.
The Ethereum blockchain is scheduled to undergo the Gray Glacier network upgrade at a block height of 15,050,000 tentatively on Wednesday, June 29 at 7:00 am (UTC). To safeguard user funds, deposits and withdrawals for ETH and ERC-20 tokens will be temporarily paused on the Vauld platform, tentatively around June 29, at 6:30 am (UTC). Please ensure that you do not make ETH and ERC-20 transfers close to this window.
Hodlnaut will be decreasing the offered yield on cryptocurrencies from the 1st of July 2022.
The platform will be decreasing the offered yield for all stablecoins as well as major cryptocurrencies from the 27. June 2022. The new rates are: 10.3% - 10.7% on USDT, EURS, USDC, USDP, TUSD, DAI, 4.7% on BTC and 5.5% on ETH.
Vauld is informing users that the company is maintaining balanced and conservative liquidity management. Vauld has no exposure to Celsius or Three Arrows Capital and the platform remains liquid despite the market conditions.
CoinLoan is sharing its yield-generating strategies which are: lending, spread trading, and exploiting gaps between two spot markets. The platform doesn't engage in any DeFi protocols.
Yield App has launched its mobile app.
Debitum Network has published its audited financial report for 2021.
Bondster announced that Lime SA has issues transferring funds to Bondster due to the uncertainties faced by Russian banks.
PeerBerry partners have already repaid to investors €17.5 million (or 35%) of war-affected loans.
Chain Finance has recovered 100% of its loans issued to a Latvian forestry company. Investors received the full principal amount including accrued interest and late payment fees.
The platform has announced that from the end of June 2022, investors will no longer be able to trade their claim rights on the primary and secondary markets as the platform will start offering asset-backed securities from which TWINO will withhold taxes. You will not be able to liquidate your investments in claim rights after 30. June 2022. TWINO will repay those investments according to the loan schedule.
IUVO has onboarded a new lending company - SN Finance from Northern Macedonia. Investors can now invest in personal loans for 8.5% interest per year.
The result of our on-site due diligence visit to YouHodler is positive. We will update our YouHodler review in the following weeks and add new information that we managed to retrieve in person.
The platform has released its annual financial report for 2021. The company ended with a net profit of €243,301.
Celsius has paused all withdrawals, transfers between accounts, and swaps until further notice.
Hodlnaut experiencing delays with withdrawals on BTC due to a server slowdown with the Wallet Service Provider, Fireblocks. Withdrawals are processed as per normal on all assets. Withdrawals are not halted and will continue to be processed as per normal and Hodlnaut is working as quickly as possible to get this resolved for all Hodlnaut users withdrawing BTC.
CoinLoan continues operating as usual. The platform is not engaged in stETH-based staking or DeFi trading. CoinLoan has a solid risk management strategy for unfavorable market scenarios.
YouHodler continues operating as usual. The platform isn't engaged in any yield-generating activities outside of its loan offerings.
TWINO is getting ready to raise money from retail investors to fund the development of a trading app that enables investments in equities, crypto, commodities, and ETFs. The priority round starts at the end of June 2022. All pre-registered investors will be notified about the start date at least a week ahead.
Stakehound, an ETh2 staking service provider reported on June 22nd, 2021 that the company has lost the keys to over 38,000 Ethereum tokens that they had deposited on behalf of clients. As a result of this event, the value of the native stETH token plummeted. Dirty Bubble Media reported that Celsius Network is currently holding at least 42,306 Stakehound stETH, making them the largest owner of the nearly worthless token.
BlockFi is about to close a down-round, in which the company is raising funds at a lower valuation ($1 billion) compared to previous rounds ($5 billion).
MyConstant is launching a tier reward system for MCT (utility token) holders.
VIAINVEST has changed its bank account. Investors can now deposit funds to the account held with Luminor Bank.
Bondster is experiencing technical issues with the settlements between the loan originator Rapicredit and investors. All loans that are late for more than 60 days have been repurchased. The platform is working on a solution to improve the settlement period with the loan provider.
CoinLoan is now offering 7.2% APY on BNB.
Some users are reporting unauthorized activation of the HODL mode which restricts withdrawals from Celsius.
Celsius launched the SWAP feature.
VIAINVEST increased interest rates to 12% for all consumer loans published from June 1st, 2022 for all loan originators.
YouHodler offers free trading on Solana (SOL) until June, 7th.
PeerBerry repays an additional EUR 1,35 million of war-affected loans.
Kviku established a relationship with a bank outside of the sanctioned list, to try to transfer money out of Russia via a non-restricted country to cover obligations towards investors.
According to the blockchain research company Nansen, Celsius Network including other smaller players has contributed to the destabilization of UST. The identified wallets initiated significant outflow volume from Anchor Protocol during the de-peg event (May 7 to May 10), totaling ~420M UST across 15 transactions. When cross-referenced with the bridging of UST from Terra to Ethereum, these two wallets were the top wallets that bridged through Wormhole. Source: Nansen.ai
BlockFi halves interest rates for some of the popular coins from the 1. June 2022. The company is decreasing the interest rates for Solana, Avalanche, and Polygon as well as BTC.
Money for Finance publishes its first audited annual report for 2021. Key facts: Auditor - Baker Tilly (according to IFRS), Revenue €3.7 M; EBITDA €659,000; Net loss for 2021: - €232,000, Equity: €293,013, Assets: €6.27 M. The board of directors has increased the capital share and covered the losses for 2021.
YouHodler is now offering 7% APY on Solana.
The platform started listing a new credit line for borrowers from Poland from the lending company NetCredit. Investors can earn 12% APY by committing their funds for 12 months.
On 1. June 2022, Hodlnaut is removing the tier rewards for users who stake ETH. All crypto holders will earn a flat rate of 4.28% APY on all ETH holdings. The interest on other cryptocurrencies in higher tiers will be decreased as well. The platform is also suspending yield on LUNA and UST.
Robocash managed to attract 2,000 new investors in Q1 2022. All active investors have earned €1.3 M in earnings during the first quarter. In total, the platform funded €400 M worth of loans.
Yield App will be decreasing interest rates across all assets from the 1. June 2022.
While most crypto lenders decrease interest rates, Nexo offers $50,000 in highly speculative NEXO tokens as referral bonuses for users who refer Nexo to their friends.
InRento is undergoing maintenance and the platform will be accessible tomorrow 26/5/2022 at 4 PM (EEST).
Mintos has launched Notes for three lending companies: CashCredit (Cash Credit Mobile EAD), Eleving LV (AS mogo), and SunFinance LV (SIA Extra Credit). Investing in Claim Rights will be discontinued on 30/06/2022.
Invest manually and/or automatically a minimum of €200 in loans of Adwisers on the primary market in the period 16.05 - 31.05.2022 and get a 1% bonus. The maximum size your bonus can get is up to €100.
Celsius now supports $MKR, $YFI, $CVX, $CRV, and $BADGER.
Creamfinance CZ is increasing the annual interest rate for Czech loans to 12%.
For any investments in Notes (from 25 May), Mintos will be withholding a 20% income tax. Private investors can reduce this rate by providing a tax resident certificate to Mintos. The reduced withholding tax rate of 10% is available for Germany, Spain, the Czech Republic, Estonia, and the Netherlands. Investors can deduct the withheld tax when filing the tax declaration in the respective country as long as a double-taxation treaty is in place.
LendSecured has rebranded to Lande.
The platform has informed investors that some of the investors' personal information, such as email addresses and investor ID, might have been leaked to third-party bad actors that are now trying to misuse this information. The website and database were not affected, and the server's infrastructure is in order. Investors' funds are also safe.
From June, the CEO of the TWINO Group - Anastasija Oleinika, will be taking over the CEO role for the investment platform.
Bondora has increased the offered yield for its Go & Grow unlimited. The yield of Go & Grow Unlimited is up to 4% p.a. and may be adjusted with prior notification at Bondora's discretion.
InRento has funded a total of €15M worth of real estate deals.
Crowdestor started offering investments in unsecured consumer loans in Spain with and without the buyback obligation. The new loan offers are provided by Crowd P2P d.o.o., an entity of the CROWDESTOR group registered in Croatia.
The platform is delisting the following coins: UNI, SUSHI, COMP, YFI, and AXS.
The platform has issued a warning against phishing attacks through emails that act as VIAINVEST. The company encourages users not to open suspicious emails or download any attachments.
PeerBerry has updated its statistic page. You can now review the repayments of war-affected loans by the finance groups and individual loan originators to get a better picture of how much has been recovered vs how many loans are still outstanding.
YouHodler has introduced a dynamic yield limit of €24,000. This amount is the default limit of the cryptocurrency; you will earn a yield on YouHodler. If you wish to increase this limit, you will have to increase your activity on YouHodler. The yield limit can improve by using MultiHODL, Loans, Turbocharge, or YouHodler's exchange.
CreamFinance Group published its audited financial report for 2021. Key facts: Auditor BDO, Net profit €3.4M, Total equity €14.7M, Revenue €45.4M, Assets: €66.2M, Debt €51.5M. This information is relevant for Esketit's lending partners from Czech Republic, Spain and Mexico as they are covered by the Group Guarantee offered by Creamfinance.
PeerBerry is experiencing cash drag.
Robocash Group published its audited financial report for 2021. Key facts: Auditor FBK Grant Thornton, Net profit $29.5M, Total equity $66.8M, Revenue $325.3M, Assets: $177M, Debt $110M
Some stages of Moldovan real estate-backed loans have been extended for a couple of months. For the extension period, You will receive an additional +1% interest on top of the regular interest rate. The extension concern Metropolis business apartments, Metropolis 4A development loan, Metropolis 4D development loan, Albisoara shopping center development loan. Review the updated payment schedules directly under your projects on the platform.
The platform has shared information about the debt collection process of its partner ChainFinance in Ukraine. Until the force majeure restrictions are lifted, the borrower isn't able to transfer funds from Ukraine to Debitum Network.
YouHodler is increasing the interest rates on Bitcoin, Ethereum, PAX Gold, and 19 more coins on the platform.
Lendermarket is becoming a multi-lender platform. You can now invest in SME loans from Credory, an Estonian lending company that is funding collateralized loans with a loan term of 15 months and a 9% APY.
PeerBerry repays another €1.4M of war-affected loans. The platform's lenders have covered 27,6% of the total war-affected obligations towards PeerBerry investors.
The Income Marketplace has onboarded a new loan originator - Hoovi from Estonia. You can now invest in SME loans from Hoovi and earn a 12% yield on your investment.
You can now earn interest on your LUNA (TERRA) on Hodlnaut.
Bondora has reduced the monthly investment limit for its Go & Grow product from €1,000 to €400 without prior notice.
EstateGuru has funded €16.7M worth of loans in March. The default rate decreased to 5%.
InRento's website is under maintenance. According to the CEO, it should be available soon.
EvoEstate is undergoing a technical merger with InRento's website which is currently under maintenance. According to the CEO, it should be available soon.
PeerBerry's business partners have repaid almost 1/4 of war-affected loans back to investors (€11.64M). The outstanding amount in recovery is currently at €38.5M.
YouHodler is adding the GMT (Green Metaverse Token) to the platform. Depositors can now earn 20% APY on GMT.
Submit your Residence certificate and Resident’s Certificate-Application for Tax Relieves to not be taxed by the Latvian tax authorities on your earnings from Asset-Backed Securities.
IUVO is onboarding a new loan originator from Romania - Ocean Credit. Investors can earn 10% by investing in loans with a duration of six months.
On May 1, 2022, BlockFi is lowering its rates and tiers for stablecoins (excluding USDT) in the BlockFi Interest Account (BIA). Rates for BTC, ETH, BCH, SOL, LTC, LINK, and ADA will also be updated. DOGE, UNI, PAXG, BAT, ATOM, AVAX, DOT, FIL, MATIC and ALGO rates and tiers will remain the same.
Blagovest Karadzhov is the newly appointed CEO of IUVO Group. Blagovest has previous experience with Vivacom, the largest telecommunication provider in Bulgaria.
On Friday (April 22nd) and Monday (April 25th) Afranga celebrates Orthodox Easter in Bulgaria. Please note that banks in Bulgaria will not be working during these two days and any transfers sent to Afranga will be available on April 26th.
Robocash Group publishes key financials for Q1 2022: Issued loans: 266.3 M USD, Revenue: 94.6 M, Net Profit: 1.5 M USD
Robocash in Kazakhstan increased its issuance of loans by 71% growth in Q1 2022 compared to Q1 2021. The Robocash Group reports a net profit of 1.6M USD for Q1/2022.
Esketit has launched a 2FA feature with Google Authenticator.
PeerBerry restores regular monthly payments on Ukrainian long-term loans issued by AutoMoney UA and Slon Credit UA. The total amount of repayments on war-affected loans in April will be EUR 2,79 million (instead of the planned EUR 1,3 million at the beginning of April).
Net Credit in Poland is increasing the annual interest rates to 12%.
EstateGuru is preparing to launch another crowdfunding campaign on Seedrs.
IUVO has renamed the IUVOUp product to IUVOSave and improved the terms and conditions for its alternative savings account. You can now earn up to 6% per year while benefiting from quick liquidity.
Bondora launched Go & Grow Unlimited which is a product that generates a 2% yield with instant liquidity and no monthly investment limit.
IUVO onboarded a new loan originator AXI Card Romania. The company belongs to the Management Finance Group which is also owning IUVO. The yield from the loans published by ACI Card range between 8.5% and 9% per year.
Esketit is launching a new loyalty program. Investors with a portfolio amount of more than €25,000 will get a +0.5% bonus. Investors with a portfolio amount of more than €50,000 will get a +1% bonus on top of the offered rate. The increased rate will be applied only to loans from Jordan.
On Friday, March 18, one of BlockFi’s third-party vendors, Hubspot confirmed that an unauthorized third-party gained access to client data from 30 companies, including BlockFi. BlockFi’s internal systems and client funds are safeguarded and were not impacted. No action is needed on your BlockFi account at this time. The bad actor was able to retrieve the following data from BlockFi users: name, email, and phone number. Blockfi warns that BlockFi's team will never ask you to share your BlockFi password or two-factor authentication code.
The outcome of the first Independent Supervisory Board Meeting (PeerBerry & Aventus): Current debt towards PeerBerry from Russia & Ukraine: €32M. The currently, conservatively planned repayment period of war-affected loans is 24 months. The first transfer of €1.2 M from war-affected loans will be paid next week. Currently, investors are still receiving accrued interest up to 60 days after the missed loan repayment date. As Aventus is issuing loans in Russia, the company might also offer interest on loans that are delayed longer than 60 days (in the case that the money from PeerBerry's investors will remain invested).
Robocash is increasing the bonus for new investors to 1.5% within the first 30 days from registration.
Mintos is introducing "dynamic" diversification settings for custom automated strategies with a maximum cap of 15% per lender. This feature will help reduce cash drag for automated portfolios.
Robocash has increased the bonus for loyalty tier members. Investors with an investment amount of €50,000 or more, will get a +1.3% bonus on top of their interest rate.
YouHodler offers 0% fees on trading ApeCoin (APE) on MultiHodl. The offer expires on April, 6th at 23:59 UTC.
EstateGuru just opened a new office in Manchester and received the final approval from the FCA to operate on the UK market.
Debitum Network announced that the platform will have to deduct a 20% tax on your earnings from Asset-backed securities unless you can provide a signed Resident’s Certificate-Application for Tax Relieves as well as a Residence certificate.
Ledn is decreasing the interest rates for its BTC savings account to 5.25% (<0.5 BTC), 2% (>0.5 BTC). The platform is also decreasing the interest for USDC holdings to 8% per year.
Our in-depth review of Haru Invest is now live!
Mintos is updating its Mintos Risk Scores.
Aventus Group has announced that the lending group will aim to gradually repay obligations for war-affected-loans on a monthly basis instead of the earlier announced quarterly settlements.
Capitalia has decreased the minimum investment amount to just €100. This offer is valid until 15 April 2022.
Heavy Finance is introducing its new investment wallet by Lemonway. Investors won't be required to register on PaySera in order to invest in agricultural loans.
PeerBerry's partners from the Aventus Group reported a profit of €0.8M in Kazakhstan for 2021.
Robocash has increased its interest rate. You can now earn between 10% and 13% interest per year.
PeerBerry's partners have repaid €8.7M of war-affected loans so far. The next repayment of war-affected loans in the amount of €1.2M is scheduled for the first week in April.
Robocash increased the maximum investment amount for individuals to €25,000 per month.
Fellow Finance is stopping the issuance of new peer-to-peer loans as it is merging with a bank. Fellow Bank will continue to service active and current loan investments normally and the cessation of intermediation does not require action from our customers. From the beginning of April, Fellow Bank's customers will be offered a possibility to sell their loan portfolios to Fellow Bank and to open interest-bearing bank accounts and fixed-term deposit accounts in Fellow Bank.
Debitum informed its investors that car loans from Chain Finance in Ukraine might not be repaid due to a force majeure event (war).
Reinvest24 is expanding to Switzerland.
Twino has announced that the newly anticipated financial instruments will have an average time duration of 36 months with a fixed interest of 8% per year. In addition to that, the platform will withhold a 20% tax.
Robocash is introducing new commercial loans from Sri Lanka with a 3 year loan period and 12.5% annual yield.
Aventus Group in Poland earned €6.96 M in net profit in 2021.
YouHodler offers a 0% rollover fee on Multi HODL with Decentraland, The SandBox, Axie Infinity, Illuvium, and Gala until 22/03/2022.
Hodlnaut has received an in-principle approval (IPA) letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PS Act).
EvoEstate is merging with InRento. You will be able to use your EvoEstate credentials to log into your account on InRento but you will be asked to open a payment account on InRento in order to continue investing.
PeerBerry has shared additional information with investors regarding the recovery of the loans from Russia and Ukraine. As of today, the lending partners expect a full recovery of investors' funds within 24 months (depending on the development of the war). Investors can expect to receive the accrued interest for short-term loans up to 60 days after the end of the loan term. For long-term loans from Ukraine, investors will receive interest until the 14. April 2022. Loans from Ukraine and Russia will be repaid gradually every quarter, starting from April 2022.
Reinvest24 has released a new statistics page with key data about the performance of their loan book.
Lendermarket has increased its interest rates up to 16% per year.
LendSecured released the following statement in connection to the war in Ukraine: "We don’t have clients from Ukraine, Russia, or Belarus, so at the moment we don’t see any impact on the lending business. "
PeerBerry has increased interest rates in markets that are not affected by the war in Ukraine. Investors can now earn up to 13% per year.
TWINO announced to suspend the listing of Russian loans on the primary market in the upcoming days.
According to the latest information from PeerBerry, the Russian lending business is operational and the partner's banks in Russia haven't been affected by the sanctions. All the Russian loans will be repaid directly from lenders whereas the Ukrainian loans from the Group's cash reserves in European banks.
TWINO is decreasing the number of new loans from Russia listed on the platform.
Crowdestor has informed investors that only 1.9% of the loan book are loans from Russia and Ukraine. The platform has announced to stop issuing loans in both countries.
IUVO has temporarily suspended all payments of Kviku loans and paused the currency exchange from and to RUB for all currencies. Investors can still buy and sell Kviku loans on the secondary market.
Mintos has stopped the listing of new loans from Belarus and paused the currency exchange for RUB.
Bondster announced that the marketplace won't be suspending Russian loans from the primary and secondary market.
Reinvest24 informed its investors that Moldova's parliament has approved a state of emergency for 60 days. The situation in the country is stable and the aforementioned emergency state will not impact any of our projects, thus all our works continue as usual
Robocash has changed its bank account. The current developments in Ukraine will not affect the operation of the platform and the holding as a whole. The money invested on the Robocash platform is directed to the holding development in Asia and is in no way transferred to or from Russia. Zaymer, representing the Group in Russia, is focused on the domestic market and is not involved in the platform operation.
PeerBerry has suspended loan listings from Ukraine and Russia. All the loans will be repaid. Investors can expect more cash drag.
Mintos has suspended any new loan listings on the primary market from Russia and Ukraine.
Debitum has suspended any new loan listings on the primary market from Russia and Ukraine .
IUVO has suspended any new loan listings on the primary market from Russia.
Bondster has onboarded new loan originators: Dynninno fintech (Moldova & Romania) with 11% APY, OK Credit (Moldova) with 10-12% APY.
Yield App will be adjusting its interest rates across all assets from the 1st of March 2022.
Esketit is introducing three automated strategies as well as a fast exit option. Cash-out loans are being sold to investors who start this strategy or who reinvest. Cash-out depends on market conditions. Cash-out is possible only if there are investors who want to enter this strategy or continue reinvesting.
Rod Bolger is the new CFO at Celsius Network.
Nexo stopped paying interest on new deposits from US customers.
Robocash Group announces results for FY 2021. Total assets: $ 176.6 M; Equity $66.9 M; Loans issued: $797.7 M; Net profit: $ 31.8M, Revenue $ 327.9M. The lending group is also preparing to expand its operations in Kenya as well as in the Philippines. The audited financial report for 2021 should be available by Q2 2022.
Our in-depth review of EvenFi is live!
Our in-depth review of Max Crowdfund is live!
Robocash is decreasing the interest rates from the 1. March 2022. The new rates will range from 8% to 12% per year.
Debitum has announced a new CEO Mr. Henrijs Jansons. Henrijs is replacing current CEO Sergei Demchuk, who will focus on the Debitum platform growth and expansion in his new role as a Supervisory board member.
The withdrawal period of the available balance on Twino has slowed down. Withdrawals are now being processed within 3 to 4 business days.
BlockFi intends to file or confidentially submit a registration statement to the SEC for BlockFi Yield, a new crypto interest-bearing security to become a regulated entity. Existing U.S. BlockFi Interest Account (BIA) clients will maintain their accounts and will continue to receive interest as they always have. BIA clients based in the United States may not add further assets into their BIAs. Once the BlockFi Yield registration statement is declared effective by the SEC, BIAs of U.S. clients will be exchanged for BlockFi Yield and you will be able to add incremental assets to your account unless clients instruct us otherwise.
Our in-depth review of the Yield App is live!
Our in-depth review of Ledn is live!
Crypto lending platform BlockFi has agreed to pay $100 million to settle ongoing investigations from the U.S. Securities and Exchange Commission and multiple state securities regulators. BlockFi will also discontinue new high-yield accounts for most U.S. residents.
Our in-depth review of Capitalia is live!
Cabital is now offering an easy and affordable option to exchange crypto for FIAT with Cabital Connect in collaboration with Bybit.
The lending company Alfakredyt from Poland is leaving Mintos.
Atlantis Financiers' loan book will be sold to a third party for a fraction of the outstanding loan amount. Investors' who are still invested in loans from Atlantis Financiers will lose most of the outstanding portfolio value.
VIAINVEST is adjusting the interest rates for lenders from Sweden, Romania and Czech Republic to 10% p.a.
Mintos is postponing the launch of Notes to Q3 - Q4 2022.
Moncera is changing its bank account to TBB pank AS.
EvoEstate announced that the platform will be merged with InRento. Investors' user data will be transferred to InRento in the upcoming weeks. Former EvoEstate investors on InRento will be able to invest from just €100 per rental project while receiving up to 1.5% cashback bonus on InRento's primary market. By investing on InRento you will get a personal IBAN account as well as the chance to invest on a fully regulated P2P crowdfunding platform. With the exception of InRento, there won't be any new listings on EvoEstate.
The Estonian police have started an investigation against the two fraudulent platforms Kuetzal and Envestio. You can learn more about it here: https://www.politsei.ee/en/news/were-envestio-and-kuetzal-a-fraud-1151
EstateGuru's investment platform is experiencing longer loading times.
PeerBerry's shareholders received the crowdfunding license from the Lithuanian Central Bank. The management has announced the upcoming launch of Crowdpear, a regulated crowdfunding platform.
Aventus Group released key statistics for 2021. The Aventus Group companies ended the year with €58.4 M in equity and €36.84 M in net profit. Aventus Group’s debt to PeerBerry was €59.14M at the end of 2021, which was only 34.45% of the total Group’s loan portfolio.
On 29.1.2021, Mintos is undergoing technical maintenance. The platform won't be accessible between 12 PM and 6 PM MEZ.
PeerBerry has adjusted the interest rates. You can now earn between 8% and 11% per year.
The alternative savings account IUVO Up is now available in EUR.
Twino is changing its bank account to BlueOrange Bank.
Crypto.com admits over $30 million (4,836.26 ETH) stolen by hackers. This incident affected 483 Crypto.com users.
Crypto.com paused withdrawals on January 17 citing that users were reporting unauthorized activity. Researchers PeckShield estimate that $15 million was stolen from the exchange and mixed through TornadoCash. Source: Theblockcrypto.com
Esketit is now accepting deposits and withdrawals in stablecoins (USDT / USDC).
VIAINVEST changed its bank account. Your deposits will now be stored with the Luminor Bank AS.
Swaper has published its audited financial report for 2020 with a net profit of €88,979.
PeerBerry has started listing loans from Credit 7 RO, a payday loan lender from Romania that is part of the Aventus Group.
Profitus has launched a secondary market.
Mintos is introducing minor amendments to its T&Cs which will be valid from 24 January 2022.
Answer from Robocash regarding the current situation in Kazakhstan: "At the moment, the situation in the country is improving. Banks are gradually reopening, the Internet is returning to big cities, and the services of some large banks are available with a mobile connection. Our Kazakhstani company continues to operate online and focuses on working mainly with existing and repeat clients. Offline offices are only working in the cities where it is safe to work."
The banks in Kazakhstan reopened. The platform is re-listing loans from Kazakhstan on the P2P marketplace.
Bondster has introduced a new user interface and automated strategies for investors who invest in CZK.
EvoEstate is closing down accounts from non-EU passport holders due to stricter AML requirements.
Robocash Zaimer’s offices in Kazakhstan are currently closed, the issuance of new offline loans has been suspended, and collection is also not working. As soon as the conflicts are resolved and the country's financial system is restored, Zaimer will continue to work and will approach its collection loyally. The company has already ceased to charge interest for the period of emergency since its introduction. On the Robocash platform, you will find commercial loans from Kazaksthan, which do not directly depend on the issuance of offline loans. At the moment, Robocash did not suspend the operations of the Kazakhstani originator, but the lending group continues to monitor the situation in order to take the necessary measures in a timely manner to minimize the impact on Robocash's business.
Mintos has suspended the issuance of loans from Kazakhstan on the primary market and removed all lenders from Kazakhstan from the Mintos strategies. The secondary market remains open for investors who want to buy or sell their loans from Kazakhstan.
Due to the ongoing riots in Kazakhstan (until the situation in the country stabilizes), there will be no new loans on the PeerBerry platform from Kazakhstan's partners. The situation in the country is expected to stabilize in the next few weeks. Repayments of investments in Kazakhstan's loans will run smoothly. While banks in Kazakhstan are not working temporarily, investments will be returned to investors from PeerBerry's partners' reserves held in banks in the EU. Due to the situation in Kazakhstan, the overall volumes of new loans on PeerBerry will slightly decrease.
Due to the current situation in Kazakhstan, we don't suggest investing in the loans from the lending company RC Riga Kazakhstan until the situation stabilizes.
Heavy Finance is introducing a new risk score that helps you to evaluate the risk associated with agricultural loans.
EstateGuru has introduced Automated Investment Strategies with more options to improve the diversification of your portfolio.
From the 10. January 2022 Robocash is changing its interest rates. The interest rate will be directly linked to the loan term. Short-term loans with a duration of up to 30 days will be listed with an interest of 9% per year. Installment loans with a duration of more than 12 months will be listed with an annual interest rate of 12.3%.
The CreamFinance Group is reporting a net profit of €2.22M for Q3/2021.
From the 1st of March 2022, Neo Finance will charge a €0.99 monthly fee for inactive accounts.
Bulkestate has released a new statistics page.
DanaRupiah, an Indonesian lending company started listing short-term loans on Income with annual interest between 7% - 12%.
From the 4. January 2022, EstateGuru is introducing an interest spread. The spread will range between 0.5% and 1% and it will be subtracted from the borrower's interest payments.
Due to the migration of data to a new platform, Bulkestate won't be available from December 27 at 10:00 to December 30 at 10:00.
Litelektra, a Lithuanian company focused on renewable energy has started listing loans on PeerBerry. Those business loans are backed with the buyback and group guarantee by Gofingo and come with a 10% interest and loan term of 6 months.
HeavyFinance raises $1M to support faster expansion in existing markets as well as the move into Poland.
To cover some of the costs of holding uninvested funds on behalf of investors, Mintos is introducing a fee of €2.90 per month for inactive accounts. The fee will be charged only to investors who haven’t invested or sold investments for 6 consecutive months or more. It will be calculated and charged on the 1st day of each month. The fee will also be waived if the investor’s uninvested euro funds are less than €100.
You may experience certain technical difficulties as the website is being updated.
Mintos has suspended loans from the Turkish loan originator Wowwo due to the depreciation of the Turkish Lira towards the Euro.
The portal Times of Israel found out that the Celsius Network’s CRO, Cohen-Pavon is operating a company in Israel with two partners, one of whom is Eliran Oved, a convicted money launderer who went on to run a binary options website.
IUVO recovered 1/3 of the debt of Lumen Investments (Monify) which equals €21,000. Due to the depletion of the company’s assets and the extremely high level of indebtedness, AS Lumen Investments was declared insolvent, and with that, all other legal and enforcement proceedings against it are ceased, including the lawsuit initiated by IUVO.
Crowdestor has changed its bank account to AS Industra Bank.
One of Bondster's partners, LIME SA, has joined our P2P talks to discuss the opportunities and lending practices in the South African lending market.
Creditstar Group has released its audited financial report for 2020. The group has ended the year with a net profit of €5.49M.
Crypto lender Celsius Network confirmed the company has lost money from the latest decentralized finance (DeFi) hack on BadgerDAO, a lending platform that offers yields and focuses on wrapped bitcoin. The hack has caused losses of $54M for Celsius its users.
Afranga has lowered the interest rate to 12% per annum. Adjust your Auto Invest to avoid cash drag.
InRento has added a new payment provider - Mangopay which makes it much easier and faster to create an account and invest in rental deals.
LendSecured has launched its Auto Invest feature.
Heavy Finance is expanding to Poland.
Yarom Shalem, the CFO of Celsius Network was arrested in Israel. The charges against Shalem are unclear but it has to do with its former employer Moshe Hogeg who is suspected to be connected to money laundering. Moshe Hogeg is the owner of Sirin Labs which is being sued for fraud. Alex Mashinsky, the current CEO of Celsius Network was the former advisor of Sirin Labs.
From 26 - 29 November 2021, Bondora is increasing the Go & Grow payment limit to €10,000.
Reinvest24 is removing the 1% entry fee for newly published projects. The 1% fee still will be charged, but in the end, when the project is exited.
Crowdestor is relaunching its FLEX program for the Spanish unregulated payday loan lender SIMPLEROX. The SIMPLEROS FLEX program promises instant liquidity and annual interest of 12.6% paid out daily. You can allocate up to €2,000 per month to this program and Crowdestor charges a €1 fee for every transaction to your wallet.
EstateGuru is reporting its first loss for investors that concerns the investment into a Latvian bridge loan. "As a result, our 344 investors (with an average investment of €247) saw a loss on their investment. Even so, 66,7% of the principal was recovered and the total return for investors was -23,9%. This means that the total write-off percentage of the EstateGuru portfolio is still a very healthy 0.009%."
LendSecured is now accepting investors that reside outside of the EU and own a bank account that supports SEPA transfers.
The Bank of Lithuania (issuer of the crowdfunding license in Lithuania), is undergoing internal changes which are delaying the issuance of the crowdfunding license for PeerBerry.
Bondora increased the minimum monthly investment amount for its Go & Grow product to €1,000.
Viainvest has changed its bank account.
ExpressCredit group raises new consumer loan funding from a US-based investor.
YouHodler has introduced a new statistics page.
YouHodler started offering yield on your Polka DOT deposits. Earn 9% APY on your DOT.
Bondora is launching a mobile app.
From the 1st of November, BlockFi is increasing the interest rates for its listed stablecoins.
Bondster has onboarded five new lending companies; Alende (Estonia), EUROlombard (Belarus), QuickCheck (Nigeria), Nunu (Iceland) and TrustGo (Kenya). The platform has also listed new loans from Lime (South Africa) and IBANCAR (Spain).
Inrento has acquired the BitOfProperty platform.
Kirsan Swiss GmBH has become an official shareholder of Reinvest Holding.
From October 31, 2021 Investors with excess funds available on their account will be charged a 10% handling fee with a minimum of €100.
Viainvest is updating its T&Cs. The company has suspended the VIAINVEST mobile app due to regulatory requirements.
Reinvest24 is opening its first branch in Moldova.
InRento is expanding to Spain.
Eleving Group raises €150 million and successfully completes one of the largest bond issuances in the Baltics.
Our interview with the CEO of Esketit just got live!
Celsius is in the process to roll out a new "Swap" feature that will enable you to exchange crypto within the app for free. Currently, this feature is available for selected users who sign up for beta testing.
EstateGuru has introduced an "Early Exit Option". You can now sell your investments from the Baltics immediately with a 35% discount.
Celsius has raised $400m in new equity funding from investors. The latest funding round values the company at more than $3bn.
Cube Funder assets are discontinued.
Iuvo is launching IuvoUP which is an alternative to savings accounts with an annual interest of up to 4%.
Reinvest24 is reporting a profit of €14,000 for 2020.
SelfieCredit UA and CashXpress PH are two new loan originators that launched on PeerBerry.
Afranga is currently suffering from cash drag.
IuteCredit issues €75 million of corporate bonds to professional and retail investors.
Our community members have informed us that Lenndy is not processing any withdrawals.
VIAINVEST has received the investment firm license in Latvia.
Robocash has funded €300 M worth of loans.
Afranga has launched a secondary market that increases the liquidity of your portfolio.
Income Marketplace has onboarded a new loan originator from Latvia - Finto Capital who is offering you the opportunity to invest in leasing deals.
Lendermarket has published its first audited annual financial report for 2020. The platform has finished the year with a net loss of €416,920.
Latvia has introduced a prohibition on the alienation of the collateral for business loan #0631. This means that EstateGuru is not able to take over the collateral of this particular project in Latvia, should the borrower not repay the debt. EstateGuru's partners are actively working towards resolving the situation and will inform investors of any concrete decisions from the court.
PeerBerry starts its operation in Croatia on the 1st of October 2021. The beneficiary name, as well as the bank account, are changing.
Kentucky issues cease-and-desist order against Celsius Network.
Following discussions with the New Jersey Bureau of Securities to provide more details about the BIA, the Bureau has again postponed the effective date of its previous order, this time to December 1, 2021.
Nexo Secures Industry-First Reserve Audit from Armanino
Debitum Network has obtained the IBF license from the Latvian regulator.
The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering securities licensed at the state or federal level, while the New Jersey Bureau of Securities has ordered the platform to stop offering and selling interest-earning cryptocurrency products. (Source: Cointelegraph)
PeerBerry is lowering the interest rate for some of its loan originators by 0.5%. You may need to adjust your Auto Invest to avoid cash drag.
Viventor has introduced a 1.5 EUR withdrawal fee and removed the 10 EUR minimum withdrawal amount.
Nexo has amended its communication and is now clearly offering interest on Stablecoins pegged to FIAT.
Viventor announced that the platform is expecting problems in regards to their recoveries. The platform emphasized the cost of the recoveries which will be charged to investors.
Bondster started offering loans backed by cryptocurrencies from the lending company ACEMA.
YouHodler is opening a new office in Lausanne, Switzerland.
The Group has managed to follow its plan, ending the first six-month period of 2021 with USD 15.4 M of net profit, with over USD 137.1 M made in revenue during the first two quarters of 2021.
LendSecured announced its plans to merge with Lande which is a lending company issuing loans to farmers.
VIAINVEST is listing new business loans from the Philippines. Those business loans come with a total annual interest rate of 11% and are not backed by the buyback guarantee.
PeerBerry has withdrawn its application for the IBF license in Latvia. The platform is relocating to Croatia and applying for the crowdfunding license as well as the EMI license in Lithuania.
Win a Tesla by trading crypto with the MultiHODL feature. Register for the promo with your profile account number. Trade crypto with Multi HODL to get your ticket. The minimum value of the transaction must be more than $500.
Cabital Crypto Savings Platform Secures $4M in Latest Seed Round. The seed round was led by SIG, Dragonfly, and GSR, and increased the firm’s valuation to $40 million.
We have downgraded the "risk and reward" rating due to insufficient official information about the collateral value of selected properties.
TWINO is receiving the investment brokerage firm license in Latvia.
VIAINVEST is introducing a monthly fee for inactive accounts which is set to 2 EUR. This fee will come into force on October 1, 2021.
Viainvest has reduced the interest rate for all newly listed loans to 11% per year.
Income is launching a mobile app.
PeerBerry announced its application for the crowdfunding license in Lithuania. All new real estate projects and business loans will be offered to PeerBerry investors under the new crowdfunding license. The platform is expecting to receive this license by the end of October 2021.
News regarding the defaulted lender CBC: The court has stopped the pre-pack purchase of the company and ordered an in-depth of the company’s activities which is still ongoing. The report of this audit, including the list of creditors who will be able to be satisfied with the company’s assets, will be announced soon.
SIA DN Operator is publishing its audited financial report for 2020.
We have decreased our rating as the quality of Bondster's support is deteriorating.
Afranga has reduced the interest rate to 14% p.a.
Currently, new CROWDESTOR FLEX investments are not accepted due to more active interest than expected.
Mintos obtains the European investment firm license. The platform is now regulated by the Financial and Capital Market Commission of Latvia. Keep in mind that any protection that arises from this license is only valid for the new financial instrument "Mintos Notes". Currently, there are no Notes listed on Mintos. The platform will transform "claims" into "notes" within the next six months.
The owner of Moncera has changed. The platform is now 100% owned by Placet Group OÜ.
Our Esketit review just got live!
A business loan issuer from Mexico, CAPEM as well as Pay P.S., a lending company from Russia, and Watu Credit in Uganda launched on Mintos.
TWINO is publishing its audited financial report for 2020. The TWINO Group is reporting a profit of €7.41M.
Bondster is launching a secondary market. Investors will be able to liquidate their investments for a 0.5% fee.
ViVentor has decided to withdraw its application for a financial brokerage license in Latvia. As a result of that, the platform will no longer accept new investments on the primary market. The platform will continue the processing of withdrawals and the distribution of repayments from loan originators to investors.
GoCredit from Mexico and Jet Finance from Kazakhstan (Eleving Group - Mogo) are launching on Mintos.
Debitum is launching "Easy Invest" which changes the structure of loan issuing on this platform.
A new lender from Mexico (Conmigo Vales) is launching on Mintos.
Our in-depth review about LendSecured is live!
From August 17, automated withdrawals from your Celsius account will only be processed at amounts of $10.00 USD or more.
A member from our community has reported that investing on Viventor is currently suspended. Viventor hasn't communicated this information publically to all investors.
From the 25.08.2021 IUVO is implementing a minimum withdrawal amount of 10 units for each currency – 10 EUR, 10 BGN, 10 RON, 10 PLN, 10 RUB.
A new lending company Alivio Capital from Mexico is launching on Mintos.
Companies that operate under the Aventus Group name earned EUR 13,15 million net profits in H1 2021 - almost twice as much as in the H1 2020.
Mintos has recovered 35% of the outstanding portfolio from E-Cash (lender from Ukraine). Investors have lost 65% of their investments which accounts for €706,232.
Ibancar has grown over 49% since the beginning of the year with just 3.1% loans in delay as of Q2 2021.
Creditstar is reporting a net profit of €2.015.000 for Q2/2021.
Investors have funded €2.52M in July 2021 (a new monthly record).
The platform has listed a new real estate project MO Garden with 11,5% ROI from the lending company SIB Group.
Crowdestor has launched the Auto Invest feature for the secondary market.
PeerBerry's business partner Credit Plus KZ earned €319,768 in net audited profit for 2020.
PeerBerry's business partner Credit 7 MD / Credit 365 MD ended 2020 with a net audited loss of €138,138.
ADA is now available on YouHodler. Get 6% APR on your ADA holdings now.
Our review about Afranga is live!
Celsius started offering 5.5% APY on tokenized Gold PAXG.
BlockFi doesn't currently accept new clients due to the order from the New Jersey Bureau of Securities. Current BIA clients have full access to their accounts.
Our review about Income is live!
PeerBerry is publishing its annual financial report for 2020. The platform made a profit of €142.174.
Viventor renewed the domain and the website is fully accessible.
Celsius is updating its terms and conditions. 1. Your engagement will be with Celsius Network LLC, A Delaware company. 2. Your relationship with Celsius will be subject to the governing laws of New York. 3. Disputes will be settled by arbitration.
The Alabama Securities Commission alleges that BlockFi has funded cryptocurrency lending in part through the sale of unregistered securities.
Crowdestor has launched a new product Crowdestor FLEX. It offers a fixed 12% p.a. interest rate paid daily and convenient goals feature to organize and track investments. The key difference between FLEX and other investment opportunities on Crowdestor is high liquidity - investors can withdraw money at any time. Investors will need to pay a €1 commission for every transaction from FLEX to the Crowdestor wallet.
The interest rate for loans originated by Moneza - Latvia will be decreased to 8% per year from 27/07/2021.
Legal proceedings brought by Mintos have recovered investors’ funds from Aforti in full. The recovered funds are yet to be distributed to the investors. The amount of "funds in recovery" has been decreased to €70.9 M.
Viventor's website is down since the domain hasn't been renewed. The platform sent out the following email: "Due to a technical issue, you might not able to reach our website today. Viventor is working on fixing this as soon as possible."
New Jersey Attorney General is drafting a cease and desist order against BlockFi in New Jersey. The unpublished draft contends that BlockFi, has been funding and facilitating its cryptocurrency lending and trading operations at least partly through the sale of unregistered securities in alleged violation of relevant securities laws.
Celsius Network increased the interest on your BTC holdings to 6.20%
Crowdestor has launched its auto invest feature.
Crowdestate is now a regulated Estonian payment institution. The payment institution license allows Crowdestate to provide its clients with all payment and e-money services, including the opening of payment accounts and fulfilling the payment instructions.
From July 12, 2021 VIAINVEST is extending the buyback guarantee from 30 to 60 days.
VIA SMS Group has recently made a new part of the Philippines business loan available for investments on VIAINVEST.
Envestio SI OÜ meeting of the defense of claims took place 30.06.2021 in Harju County Court. The bankruptcy trustee has sent out a document with all the accepted claims as well as the ranking of satisfaction to the affected investors.
New projects on EstateGuru are being funded in less than one hour. Set up your auto invest and turn on the notifications for newly listed projects to not miss out.
The technical issues on EstateGuru have been resolved and the user dashboard is available again.
Bondora will be doing system maintenance from 10 pm EEST on Friday, 2 July until 3 pm EEST on Saturday, 3 July.
PeerBerry funded a record amount of loans was in June - €43.6 M, which is €6 M or 16% more than in May.
EstateGuru is experiencing technical issues. Logging into the platform is temporarily suspended.
Creamfinance Denmark ends operations after repurchasing loans from Mintos investors.
IUVO published the annual audited financial report of its lending partner from Romania - Fast Finance which made a profit of €214,035 in 2020.
NordCard continues offering a 30-day buyback guarantee until 31.07.2021.
IUVO published the annual audited financial report of its lending partner from Romania - Adwisers which made a profit of €470,000 in 2020.
Heavy Finance is listing another government-backed loan "Equipment loan for a used drill and a mulcher" with an annual yield between 7.6% and 9.7% with a loan term of 24 months.
Viainvest is listing its first mortgage-backed non-performing real estate loan in Spain.
The CEO of Mintos is joining our P2P Talks to answer questions from our readers.
Prime Trust has terminated the partnership with Celsius Network. Prime Trust’s risk team was concerned about Celsius’ strategy of “endlessly re-hypothecating assets.”
Heavy Finance offers a 2% cashback bonus for investors who invest until the end of June and use the promo code "HEAVY062021FI".
From the 1. July 2021, the minimum investment amount of investment in loans at the NEO Finance will be €20, whereas the minimum amount of investment in A+ rated loans will be increased to €50.
Heavy Finance introduced a new loan type - unsecured agricultural loans with a higher interest rate.
Bondster is offering loans from the South African lending company SmartAdvance that is part of the Finclusion Group. SmartAdvance is a lender that is also listing its payday loans on Mintos (risk score 6).
The loan originator SOS Credit CZ (GoFingo Group) has earned €285,322 in profit for 2020.
Estateguru’s investors financed €16,8M worth of loans in May.
The loan originator Credit7 RU has earned €189,905 in net audited profit for 2020.
The loan originator Nado Deneg has earned €75,538 in net audited profit for 2020.
The Bulgarian lender EasyCredit is reporting a €7.1 M profit before taxes for Q1 2021 .
Gofingo Group companies in Ukraine earned €747,935 in net audited profit last year.
EstateGuru is offering to all new investors who sign up with our link a €25 bonus. Three loyal investors who signed up with our link or used our referral code in the past, have the chance to win €100. In order to obtain those bonuses, you will need to invest at least €1,000 until 11.7.2021.
Bondster is offering loans from the Latvian credit card company NordCard.
PeerBerry's lending partner - Slon Credit UA has earned €73 547 in net audited profit in 2020.
Reinvest listed its first rental project in Germany. The expected return is 6.5% for the rental yield + 6% of capital growth per year.
Mintos has fully recovered all funds in recovery from its lending company Akulaku.
Heavy Finance is listing another agricultural loan backed by a state guarantee which covers up to 80% of the outstanding loan principal in the case of defaults.
Mintos has published several annual consolidated financial performance reports for its lending partners for the year 2020.
EstateGuru's Credit Chief Officer Andres Luts is joining our P2P talk to discuss how EstateGuru protects investors' investments.
Creditstar Group carried out a successful bond issuance in the total amount of €23.57M.
Nordcard has published the audited annual report for 2020 with a net profit of €118,910.
PeerBerry's lending partner - AutoMoney UA (Aventus Leasing) has earned €25,850 in net audited profit in 2020.
PeerBerry's lending partner - Credit7 UA (Aventus Leasing) has earned €0.9 M in net audited profit in 2020.
IUVO is adding loans from a new loan originator - Access Finance that offers short-term credit lines in Bulgaria, Romania, Poland, and Spain.
PeerBerry started listing loans from Credit365 KZ which is a short-term lender from Kazakhstan. Credit365 is part of the Aventus Group brand.
Moncera started listing mortgage-backed loans with a duration of fewer than 12 months.
GetBucks Kenya (Finclusion Group) rebrand to TrustGro.
Viventor fails to recover the debt from the lenders Twinero & Presto. The marketplace offers investors who invested in those loans the option to exit with only 20% of the invested principal. The second offer is the "opt-out" option which means that Viventor will try to recover some funds over the next five years. Note that the "opt-out" option comes with a 10% recovery fee.
Fast Invest is currently processing withdrawal requests from November 2020. The platform is offering special bonuses (confidential) of 2% to 3% for investors who invest their uninvested funds. This is major sign of a Ponzi scheme, and you should not accept those offers but pursue legal actions.
Eleving Group (formerly Mogo Finance) generates €33.6m in revenues in 2021 Q1.
Celsius Network has just launched its web application. You can now track your earnings from your laptop.
Bondora published its audited financial report for 2020.
Robocash is placing a $5 M bond in Singapore.
The Robocash Group reached a net profit in Q1 2021 of $7.6 M.
Mintos has recovered all investors’ funds from Kredit24.
DelfinGroup’s revenue reached €6 million in Q1 2021.
EstateGuru raised €1.4 M during its latest crowdfunding campaign.
Mogo Finance announces corporate name change to Eleving Group.
Swiss Capital and Acema are exiting Mintos.
Creditstar is reporting a net profit for Q1/2021 of €1.69M
In total 351,070 EUR of principal and 27,967 EUR of interest and late fees was recovered from Aforti Factor
Coinloan has issued a warning for borrowers to monitor the LTV ratio and keep it below 70% to avoid any liquidation of collateral during volatility cycles.
EstateGuru financed more than €14M in April. With €5.5M, the German market has become the main contributor to new projects on EstateGuru
Robocash has onboarded a new loan originator - UnaPay from the Philippines
Mintos has recovered €7.2M in Q2/2021 - the current exposure (funds in recovery) is €88M. Note, that the recovered funds are distributed according to the "first - invest - first - refunded" principle.
Lenndy is not processing any withdrawal requests
EstateGuru is raising up to €1M to fund the expansion and digitalization processes. The platform offers 1.01% equity for a pre-money valuation of €49M with a share price of €3,607.
Kviku expands its offering with "Forward Flow" in a new currency – the Russian ruble.
The shareholding structure of PeerBerry has changed. Igoris Trofimovas acquired a 50% stake in PeerBerry from the former shareholder Genrik Baitiul. This change was made in order to increase PeerBerry's share capital and actively involve the platform's shareholders in PeerBerry's activities. The change of shareholders was made according to the Latvian legislation and fully assisted by well-known and highly reputable law firms Cobalt and Sorainen.
Lenndy is offering to exit the platform with a 50% loss. This offer has been shared only with few individual investors.
BlockFi has lowered its rates for the BlockFi Interest Account
Creditstar has expanded its operations to Finland (Monefit).
Mintos has recovered another €432,532 from Aforti Finance. The outstanding debt remains at €1.6M.
VIAINVEST SMS Group is exiting the lending market in Spain. All the liabilities towards investors will be covered as planned.
IUVO has published its financial report for 2020 with a loss of €41,000
Kviku has published its audited financial report for 2020 with a profit (before taxes) of €1.6M
The total loan portfolio of the companies operating under the Aventus Group brand increased to €102 M in Q1 2021. The debt to PeerBerry accounts only for 32% of the total Group's loan portfolio.
Loans from E-Cash Ukraine got suspended on the primary and the secondary market. €1.12 M is the exposure at the time of suspension. Mintos expects to recover less than 25%.
iCredit from Romania published its financial report for 2020 with a net profit (before taxes) of €1.3M
PeerBerry is planting 1 tree for every investor with an investment amount of more than €1,000
Joseph Hickey joins BlockFi as Global Head of Trading
Celsius informs its users to be aware of phishing sites to avoid exposure to fraudulent malware.
Anastasija Oleinika - CEO of the TWINO Group has joined our P2P talks
Mintos onboarded a new loan originator Swell - a loan originator from Mexico who is offering investments in car loans.
The COO of Robocash Kazakhstan Yerkanat Kazgaliev is joining our P2P talks
Bondster's new CEO is joining our P2P talk
Mintos is revamping the Auto Invest (custom strategy). Now you can choose to invest only in individual lenders from various finance groups.
YouHodler reduces conversion fees and Multi HODL fees
Due to the restructuring of the Robocash Group, the lender Tez Finance was replaced by LLP MFO Robocash.kz which is placing loans on the platform in partnership with RC Riga.
Bondster has onboarded a new loan originator Autofino who is offering car loans from Lithuania
Bondster has added a currency exchange feature
From 12/4/2021 NEO Finance will automatically repurchase 100% of the outstanding loan amount in the case that your loan with the (A+) rating defaults.
PeerBerry updated its mobile app. Now you can see the portfolio distribution by country.
The funded loan volume on PeerBerry in March increased by 17.4% in comparison to February 2021
Depositors on Constant are reporting withdrawal issues
The founder of NEO Finance is joining our P2P talk
EstateGuru has revamped the portfolio overview section, introduced a bulk buying feature on the secondary market and improved investor's account statements.
EstateGuru's defaulted project "Refinancing of Zilu bridge loan (Riga, Latvia)" was sold in an auction to EstateGuru's debt collection agency. The debt collection partner will proceed with the sale of the property with the goal to retrieve all of investor's investments. While EstateGuru has a very good track record of recovering defaulted loans, there's always the chance that the collateral will be sold for a lower price which may cause loss to EstateGuru's investors.
Martins Liberts, the founder of Debitum is joining our P2P talk
The founder of Heavy Finance, Laimonas Noreika is joining our P2P talk
Coinloan is now offering interest on your holdings in GBP (despite not owning a banking license 🚩)
Egle Chmieliauskaite is the new CEO of Viventor
Viventor introduced a fee for recovered funds
Artur Geisari is leaving Crowdestor
IBANCAR is joining our P2P talk
Coinloan is now listing Stellar
Linda (Support) has left ViVentor
Robocash Group has made a profit of $23.8M in 2020
ViVentor suspended the lender Atlantis Financiers and locked more than €6 M of investors' money
William Arthur Vesilind is joining the management board (this person is connected to a failed p2p lending platform that stole investors' money)
Selected loans on Heavy Finance are now backed up to 80% by the Agricultural Credit Guarantee Fund of Lithuania
The lawsuit against Wisefund has been closed
Heavy Finance is expanding to Bulgaria
Flender appointed a new CEO - Graham Byrne
Bondora's current loans account only for 21% of the entire portfolio
Swaper appointed a new CEO - Indrek Poulokainen
Heavy Finance is expanding to Portugal
TWINO has improved its homepage and added a new loan originator section
EvoEstate is introducing a 2% secondary market fee as well as raising the minimum investment amount to €100
Audrius Visniauskas is appointed as the new CEO of EvoEstate
NEO Finance releases the quarterly report for Q4/2020. Investors financed €5.42 M in this quarter.
Nexo is facing several accusations for unlawfully liquidating borrowers assets
Lenndy suspended the loan originator First Finance
IUVO started legal actions against Monify
Lenndy is facing system errors and the registration of new investors is temporarily suspended
Bondora decreased the maximum monthly amount for Go & Grow to €400
The co-founder and CEO of Flender have left the platform without any official statement
Crowdestor appointed a new COO Anatolijs Putnja
As pointed out by our community, there's an ongoing lawsuit against Wisefund. It is not recommended to sign up and transfer any money to Wisefund. (see our red flag section for more details)
Crowdestate stopped the collaboration with P2P Empire. We were able to liquidate our testing portfolio within a few hours.
Bondora restarted issuing loans in Finland
DoFinance resumes its operations. The platform is trying to recover millions from suspended lending companies. The official amount of funds in recovery is unknown.
Grupeer continues buying time while releasing a statement about the goal to become a regulated P2P lending platform. Investors still can't withdraw their investments.
Bondora is limiting your investment amount per month to the max. €1,000 (valid for Go & Grow)
Project Estera Development Holding defaults - investors lost 73.7% on this project
Grupeer released a statement, where the company blames a low share of submitted KYC being the main reason why Grupeer can't re-open their business account and repay investors.
Project Matsa tee 31/33/35 defaults - the final loss is yet unknown (possibly around 37%)
The registration for the lawsuit against Grupeer has been closed.
Withdrawals are delayed up to six weeks
Crowdestate publishes its unaudited annual report for 2019 with a net profit of €462,729
Grupeer publishes its portfolio performance audit where the platform "promises" to repay certain investor groups. Investors that have invested in loans from Dziesiatka Finanse shall be repaid first. This is questionable as the lender has been suspended from Mintos just a few weeks ago. Grupeer claims that the fourth group of lenders avoid communication with Grupeer. Those lenders have, however, shown support for investors throughout the last months. It's likely that those lenders will repay investors directly rather than through Grupeer whose bank accounts had been frozen. Grupeer also does not address fake projects and puts those lenders under the "fifth group" of companies that face "financial difficulties".
Grupeer's investors received an email from CEO Alla Kisika where she is requesting to update your KYC questionnaire. We see this as yet another time-buying communication.
Grupeer's investors received an email from CEO Alla Kisika where she is addressing only a few of the critical questions.
A remuneration bonus of 0.025% for overdue pending payouts is being introduced
A withdrawal fee of €1.5 is being introduced
doFinance stopped accepting new investments due to the uncertainty in lending markets where doFinance operates
DYNINNO Financial Technologies, one of the loan originators on Gruppeer, published a statement in the Grupeer Fellows group, where the company ensures investors that they are able to repay any outstanding debt. Ibancar also raised its support for investors in one of Viventor's web podcasts. Unfortunately, it appears like Grupeer isn't communicating with its loan originators.
Grupeer publishes a statement on Grupeer’s blog, the platform refers to its terms and conditions that allow extending the loan repayment schedule at any time. This statement does not address any critical questions. It appears like Grupeer is trying to defend themselves legally.
Grupeer suspended all payments to investors. Grupeer is blaming the declaration of an emergency state in the European Union.
According to testimonials and LinkedIn updates, Grupeer has laid off several staff members in recent days.
Grupeer has recently changed its banking providers without much explanation. (Envestio and Monethera showed similar behavior before shutting down.)