P2P Lending News
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22. October 2024 Findom Kazakhstan joins PeerBerry with 9% buyback-guaranteed loans
Findom, a loan originator from Kazakhstan, has begun offering short-term loans on PeerBerry, backed by a buyback and group guarantee. These loans provide an annual yield of 9% and will be available on the platform every business day.
22. October 2024 ClickCash pauses repayments
Income Marketplace is pausing repayments for ClickCash, a Brazilian lender, until the end of November 2024. ClickCash has been suspended from the platform since November 2022, with 40.9% of its outstanding debt recovered so far. The temporary halt in repayments is due to ClickCash's efforts to raise additional funds for its revitalization plan.
19. October 2024 Update on Fintown’s rental revenue performance
Fintown has shared an update on the revenue and occupancy rates of its operational rental units. Honest Smichov generated €49,745 in total revenue, with an average daily rate of €72 and an occupancy rate of 87%. Honest Karlin, which began operations in May 2024, generated €62,326, with an average daily rate of €79 and an occupancy rate of 86%. Honest Ricany, Fintown’s flagship project launched in August 2024, has earned €83,640 so far, with a daily rate of €41 and a current occupancy rate of 62% as of October 14.
18. October 2024 Changes to the crypto feature on Esketit
Esketit has disabled the crypto feature for new investors and those who have not previously used it. However, the feature remains available for users who have utilized it in the past. Going forward, Esketit offers investment options exclusively in EUR and USD.
16. October 2024 Swaper will be witholding income tax for Estonian residents
Starting from 28.10.2024, Swaper will be withholding income tax for Estonian residents. If you are an individual residing in the Republic of Estonia, Swaper is required to withhold and pay income tax on your earned income in accordance with the laws and regulations of the Republic of Estonia.
14. October 2024 Swaper publishes annual report for 2023
Swaper has published its 2023 annual report, revealing a loss of €100,739 for the year. Despite this, loan volumes grew by 64% compared to 2022, and the platform paid out €7.57 million in interest to investors. More details can be found in the attached report.
11. October 2024 Mintos releases updated information about its suspended lenders
Mintos has released updated information on its suspended lenders, detailing the expected recovery amounts and timelines for each.
10. October 2024 Ricany property reaches 48% occupancy, more projects coming soon
Fintown's rental property in Ricany, which opened in August, has already reached a 48% occupancy rate. Overall, two-thirds of Fintown's funded projects are now operational, with 197 out of 228 rental units active. The next project, Honest Michle, featuring 31 units, is scheduled to open in early 2026.
09. October 2024 HeavyFinance reaches 60.57M EUR in loan issuance, with 28% of portfolio facing challenges
In September, HeavyFinance facilitated investments totaling 1.33 million EUR, including 713K EUR across 24 agricultural projects. The platform now has a total loan issuance of 60.57 million EUR. For October, 2.29 million EUR in repayments are scheduled, with 28% of the outstanding portfolio currently not performing as expected, highlighting some challenges while still driving impact in European agriculture.
08. October 2024 Ibancar joins the Income Marketplace
Ibancar’s collateralized installment loans are now live on the Income Marketplace, offering investors up to 11.5% interest per year with loan terms of up to 37 months. Backed by cars with a loan-to-value (LTV) of up to 50%, these loans provide a secure investment option. With a track record of originating €40 million in car loans across Spain and Mexico and currently managing a portfolio of €18 million with a default rate below 8%, Ibancar is a proven lender. All loans include a buyback obligation and are safeguarded by an 11% risk-adjusted Junior Share, delivering enhanced investor protection.
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© 2024 All rights reserved.