Get a quick overview of the latest news from the P2P lending industry
Fintown has unveiled a new statistics page, offering investors a clear and concise overview of its loan book performance, track record, and yields. This initiative significantly enhances transparency, empowering investors with the data they need to make informed, data-driven decisions.
Entrum Latvia has launched four new investment opportunities in Riga’s Old Town, offering yields of up to 7% with monthly payments and a 30-year maturity. The total available investment is €554,548, catering to high investor demand for stable rental income. Founded in 2024, Entrum Latvia specializes in managing rental properties, leveraging platforms like Airbnb for steady revenue.
Reinvest24, under CEO Tanel Orro, has recently addressed legal developments in Moldova and Spain, indicating efforts to secure external financing to complete certain development projects. Additionally, some rental properties have been listed for sale. While a detailed recovery plan has not been disclosed, the company anticipates exiting multiple properties and repaying investors by 2025. Communication with affected investors has reportedly been conducted via email; however, public updates have been absent since July. This lack of transparency, coupled with unprocessed withdrawal requests and unanswered investor inquiries, has led to skepticism within the investor community regarding the authenticity of the provided information.
LANDE's October 2024 Platform Performance Report highlights notable achievements in agricultural financing. Farmers secured €993,051 in loans across 39 projects, with an average project size of €25,462. The platform welcomed 166 new investors, marking a record high, while investors earned €112,024 in interest, pushing total interest earnings to €2.11 million. Significant progress was made in debt recovery, with full repayments from two defaulted clients in Latvia. Additionally, €593,099 in principal was repaid during the month, bringing the all-time total to €11.02 million.
We've released a new video showcasing the top-performing P2P lending platforms for November 2024. This video includes the latest news and insights that could affect your investments on these platforms.
Nectaro has launched its new Auto-Invest feature, allowing investors to automate their portfolios by setting parameters like country, loan term, and interest rate preferences. With support for up to three strategies executed daily, Auto-Invest offers a streamlined way to manage idle funds without manual input.
In an exclusive interview, Nectaro CEO Sigita Kotlere shared insights on the platform’s investment opportunities in Moldova and Romania. She highlighted loan types, regulatory challenges, liquidity, and funding sources, offering a transparent view of the risks and returns for investors. Kotlere also discussed the potential introduction of group guarantees, and the platform’s commitment to transparency in performance reporting. Watch the full interview in our Nectaro review.
Learn more about the recent changes in our P2P lending portfolio.
Indemo has completed total repayments of €211,024, impacting around 41% of investor portfolios that included Notes tied to the discounted debt in the A27 Townhouse on Penote. The achieved ROI ranged from 15% to 33% per annum, depending on the investment entry date. Initially listed on Indemo in November 2023, the debt began at the "Auction Initiated" Flow stage with a Price to Value of 65%. Over time, it progressed through various Recovery Flow stages, ultimately reaching the "Access to Estate" stage. The debt was later sold on the secondary market to a debt buyer specializing in post-auction assets.
Income has partnered with UK-based Sandfield Capital, opening new investment options in civil litigation funding. Offering annual returns up to 13.5% with maturities of up to 15 months, Sandfield Capital brings a €14.2 million loan originations track record and €11.8 million in active loans. All loans are fully insured, adding extra security, while litigation funding provides strong, uncorrelated returns for diversified portfolio growth.