P2P Lending News
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25. April 2024 InRento publishes the audited annual report for 2023
The company reports the following financials for 2023: €170,000 in net profit, €758,456 in revenue, and €350,596 in equity. According to the auditor, the financial statements give a true and fair view of the financial position.
23. April 2024 Audited financials from Money for Finance and the decrease of interest rates for Jordanian loans
Money for Finance released its financials for 2023. The company reports €28.57 M in revenue, €4.16 M in net profit, and €5.49 M in equity. From April 29th, the platform will list Jordanian EUR loans at 11% and USD loans at 12%.
22. April 2024 Crowdestor informs investors about its outstanding portfolio
Crowdestor released information about the status of outstanding projects. The platform identifies €27.94 M of its portfolio as problematic.
19. April 2024 CrowdedHero offers investments in SIMPLEROS for a 14.25% annual return
CrowdedHero offers the option to invest in SIMPLEROS, a Spanish lending company founded and operated by Santa Lemsa, former Chief Risk Officer at the Robocash Group. The project offers a fixed loan term of 2 years and semi-annual interest payouts.
16. April 2024 LANDE is strengthening its debt collection procedures
LANDE announce new collaborations with debt collection lawyers in Latvia and Lithuania to speed up the recovery of defaulted loans.
12. April 2024 AvaFin published audited financial report for 2023
The AvaFin group ended FY 2023 with €32 M in equity, €80 M in liabilities, and €7.8 M in net profit. Auditors did not report any misstatements.
11. April 2024 TWINO is exiting the lending business in Vietnam and in the Philippines
TWINO announced that it will exit the joint venture lending business with VIA SMS Group in Vietnam due to the "increasingly challenging local business environment." Additionally, the TWINO Group has made a strategic decision to exit the Philippines venture, therefore suspending its operations in the Asia-Pacific region.
10. April 2024 Capitalia is adding a knowledge assessment test and the loss simulator
Capitalia has added more risk-related features that help investors better understand the risks connected to the funding of business loans.
03. April 2024 Aventus Group made €53.8 M in net profit in 2023
Lending companies operating under the Aventus Group name made €53.8 M in net profits in 2023, an annual increase of 260%.
02. April 2024 Capitec acquires controlling shares in Avafin for €26.3 million
The South African bank Capitec is increasing its shares in Avafin Holding Limited from 40.66% to 97.69% for a purchase price of €26.3 million.
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© 2024 All rights reserved.