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Post by wiseclerk on Dec 1, 2013 11:36:11 GMT
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pikestaff
Member of DD Central
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Post by pikestaff on Dec 1, 2013 12:37:35 GMT
Thanks for posting this. When I looked at it there was a link to a new UK p2b lender, evolutislending.com, specialising in loans to legal, accounting,
medical and veterinary professionals.
What do you know about them? What does anyone else know?
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Post by wiseclerk on Dec 1, 2013 15:00:29 GMT
There is no such link in the article.
Maybe you saw it in the ads? The ad below the article is provided by Google Adsense and delivered based on what Google Adsense thinks the reader might be interested into.
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pikestaff
Member of DD Central
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Post by pikestaff on Dec 1, 2013 15:19:07 GMT
It will have been an ad, then (albeit looking a bit like a link, because of its position above your "date posted" text). Anyway, I clicked through so it should be worth a penny for you! I was shown a different ad just now, still looking quite like a link.
The question about Evolutis still stands. Does anyone know anything? They obviously have a bit of an advertising budget...
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Post by elljay on Dec 1, 2013 19:03:25 GMT
Interesting numbers - including the delta to last month!
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Post by batchoy on Dec 1, 2013 19:51:09 GMT
It will have been an ad, then (albeit looking a bit like a link, because of its position above your "date posted" text). Anyway, I clicked through so it should be worth a penny for you! I was shown a different ad just now, still looking quite like a link. The question about Evolutis still stands. Does anyone know anything? They obviously have a bit of an advertising budget... Looking at the About Us page the words don't appear to tally with the age of the company nor do the ages of any of the companies that directors are currently directors of. All the companies bearing the Evolutis name were registered from 2011 to 2012 and the registered address is a residential one in Wimboldon. Also I know 960 Capability Green, Luton, where their head office is meant to be, it is predominantly used for virtual offices with some serviced office space.
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mikes1531
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Post by mikes1531 on Dec 2, 2013 2:10:26 GMT
Interesting. The Zopa numbers will have been affected by their cashback offer, which gave them a lot of money to lend in October. Having used that up, they probably were a bit constrained by lack of available funds in November. It looks like funds available in December are going to be even more limited, so I'd expect even less lending this month. The significance of this could be masked by the usual Christmas lending lull, but having other platforms' data to compare with will help us see whether everyone's volume is down or whether Zopa really are being held back by a funds shortage.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Dec 2, 2013 12:51:57 GMT
A very interesting set of figures with the biggest surprise being Assetz making it to the top of the pile in growth league table and in the process moving up two places to overhaul Thin Cats in the size league. Staggering performance considering the length of time Assetz has been functioning in the P2P market. Leaves one wondering where they will be in a few months time, never mind in a years time!
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pikestaff
Member of DD Central
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Post by pikestaff on Dec 4, 2013 8:06:33 GMT
A very interesting set of figures with the biggest surprise being Assetz making it to the top of the pile in growth league table and in the process moving up two places to overhaul Thin Cats in the size league. Hardly. Assetz is still about 1/5 the size of TC in total lent. But the growth is impressive, albeit flattered because Assetz lenders are sourced through multiple channels, not just their p2p platform.
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Post by easteregg on Dec 5, 2013 12:58:50 GMT
We should also consider that some companies offer shorter term loans than others, and therefore will need a higher number of new loans to continue their growth. I publish the overall loan book and the loans that have been arranged here:
www.p2pmoney.co.uk/companies.htm
Assetz is #7 in this league table, which is still impressive, but their loan book is only 6% that of Funding Circle.
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james
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Post by james on Dec 14, 2013 4:04:22 GMT
There's an error in that league table. IsePankur offers both Market and reverse Auction lending. Profiles (automated market offers) lend first, then human and any new profile bidding is used to seek any remaining funds that are needed. The borrower chooses whether the auction should end as soon as the loan is 100% funded or run until a specified time. The specified time version is a full reverse auction like Zopa Listings, but with all participating lenders getting the same rate as the highest included bid. The Lending Types table also has an error: isePankur permits lending by companies, including companies whose sole business is lending. The company option is one that isePankur has suggested as advantageous to Estonian isePankur lenders on tax grounds.
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Post by easteregg on Dec 17, 2013 13:06:33 GMT
There's an error in that league table. IsePankur offers both Market and reverse Auction lending. Profiles (automated market offers) lend first, then human and any new profile bidding is used to seek any remaining funds that are needed. The borrower chooses whether the auction should end as soon as the loan is 100% funded or run until a specified time. The specified time version is a full reverse auction like Zopa Listings, but with all participating lenders getting the same rate as the highest included bid. The Lending Types table also has an error: isePankur permits lending by companies, including companies whose sole business is lending. The company option is one that isePankur has suggested as advantageous to Estonian isePankur lenders on tax grounds. Many thanks for the feedback. I'll get this changed within the next few days!
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Post by andrewholgate on Dec 17, 2013 13:23:15 GMT
We should also consider that some companies offer shorter term loans than others, and therefore will need a higher number of new loans to continue their growth. I publish the overall loan book and the loans that have been arranged here:
www.p2pmoney.co.uk/companies.htm
Assetz is #7 in this league table, which is still impressive, but their loan book is only 6% that of Funding Circle. Thanks. Not bad for 9 months old!!
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james
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Post by james on Dec 17, 2013 14:18:35 GMT
IsePankur also publishes statistics that can be used in the ranking table. As of 17 December 2012 the total value of loans issued was 8,702,669 Euros or £7,350,987 at the exchange rate at the time I wrote this. Loans outstanding are reported as several numbers that can be combined: 1. Current (not late) loans: 6,954,775 Euros 2. Loans 1-30 days overdue: 358,064 Euros 3. Loans 31-60 days overdue: 78,077 Euros 4. Loans 60+ days overdue, their default trigger: 280,361 Euros That's a total of 7,671,277 Euros or £6,478,155 for Loans outstanding. So isePankur seems to rank 8 on Loans to date and Loans outstanding. As far as debt goes, Partel Tomberg reports that " 2010 and 2011 cohorts have recoveries of 80-110%". That's pretty impressive. One difference from Zopa is that once an arrangement is made on a defaulted loan, the loan is moved back to the Current loan list and stays there so long as the rescheduled payments are maintained. The arrangement will include paying some pretty substantial penalties over the new time. I have one that started out with each 5 Euro loan part I have at 28% for 36 months where the most recent payment was 0.12 capital, 0.08 interest and 0.06 penalty being paid over time. That one went to arbitration court then bailiff, now a couple of rescheduled payments, though not on the due dates.
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spyrogyra
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Post by spyrogyra on Dec 28, 2013 22:01:56 GMT
Back to Evolutis. Another platform coming up with assurances to pay any defaulted loans back to lenders (like SS). They have posted a dozen of £10k loans,with £250 bids on each (?!). Suddenly the loan offers listing disappeared. I've sent them an e-mail with some questions, and I hope to receive some answers before I forget about their existence. I wonder why there are so little explanations how things work,especially on new platforms.
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