P2P Lending News
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04. October 2024 Crowdpear reports 74% growth in Q3 loan funding, delivering strong returns
In Q3 2024, Crowdpear funded €3.4 million in loans, a 74% increase compared to Q2. September alone saw investors fully fund 13 real estate-backed loans, totaling €1.17 million, while €91,812 was distributed as interest. Additionally, €655,508 in principal plus interest was repaid from 10 loans. Since its inception, Crowdpear investors have funded 189 loans worth €14.32 million and received over €0.64 million in interest, with 78 loans repaid totaling €4.46 million.
04. October 2024 Indemo delivers 15% to 36% annual returns in latest debt repayment
Indemo has announced another successful debt repayment, with 208,317 euros repaid across 41 Notes, impacting around 36% of their investor community. Investors saw annual returns ranging between 15% and 36%. The repaid debt, listed as A62 - Apartment in Tossa de Mar, underwent multiple stages on the platform before being sold on the secondary market.
03. October 2024 Capitalia reports €27,000 profit in H1 2024
Capitalia reported a turnover of €764k and a profit of €27k in the first half of 2024, marking the first release of consolidated figures. While operating revenue saw slight growth, financing activity remained stable, with €10.6 million in funding issued, down from €13.03 million in the same period last year. The decrease is attributed to the discontinuation of larger factoring contracts and longer loan terms. Capitalia expects continued growth in consolidated revenue and its portfolio under management.
01. October 2024 NovaLend from Poland joins PeerBerry
NovaLend, a Polish business lending provider, is now available on PeerBerry, offering an 8% annual return on business loans secured by a buyback guarantee. Launched in March 2023, NovaLend is 40% owned by Aventus Group. CEO Sergii Demchuk, formerly with Debitum, shared that the company has funded €5 million in loans so far, with a default rate of 3%.
01. October 2024 Indemo review now available - Exclusive insights from the CEO
Check out our detailed review of Indemo, covering one of the highest-yielding regulated investment platforms. Plus, watch our exclusive interview with the founder for insights on what's happening behind the scenes.
01. October 2024 EstateGuru clarifies the terms for the inactivity fee
If a User's account is inactive for over a year and has funds, an inactive account fee will be charged, as per the Price List. The Portal Operator will notify the User 7 days before the first and each monthly fee deduction. During this time, Users can withdraw funds without a service fee.
01. October 2024 Income introduces loan announcement bot on Telegram
Income has introduced a Telegram bot to provide real-time updates on the latest loan investment opportunities. Investors can now receive instant notifications of new loans and enjoy convenient access to updates directly through Telegram.
26. September 2024 Income expands offerings from Current Auto in Latvia and Lithuania
Income now offers investors access to Current Auto’s car rental agreements from Latvia and Lithuania, with yields up to 10% p.a. Current Auto has expanded rapidly since its 2020 launch, originating €7.7 million in rental agreements in Lithuania. Investors can explore rental agreements with buyback obligations and flexible terms on the Income platform.
25. September 2024 Lonvest is hosting a live Q&A with the CEO
Lonvest has announced a Q&A session scheduled for September 26th at 17:00 CET, featuring Roman Katerynchyk, CEO and Founder of Lonvest, and Vadym Bortnyk, Country Manager at SpaceCrew Finance. This event provides investors with an excellent opportunity to learn more about the Mexican loan originator and SpaceCrew Finance's strategic expansion into the LATAM region.
24. September 2024 LANDE reports strong loan performance for August 2024
In August 2024, LANDE saw a total of €639,750 issued across 45 projects, with 88% of the loans backed by collateral. The average loan-to-value ratio (LTV) across Latvia, Lithuania, and Romania was 49%. Repayments in August reached €681,597, while total repaid principal stands at €8.72 million. Loan repayment delays were primarily due to seasonal factors in agriculture, particularly affecting Latvian farmers. Despite challenges, the overall default rate remains low, and debt recovery processes continue smoothly across key markets.
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© 2024 All rights reserved.