mary
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Post by mary on Jul 18, 2019 17:56:19 GMT
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zlb
Member of DD Central
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Lendable
Jul 18, 2019 18:05:10 GMT
via mobile
Post by zlb on Jul 18, 2019 18:05:10 GMT
49.9%! They appear to be institutional investment only...? Competitor/threat re p2p platforms?
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Lendable
Jul 18, 2019 19:16:16 GMT
via mobile
Post by fatbritabroad on Jul 18, 2019 19:16:16 GMT
You can invest as a sophisticated investor
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mary
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Post by mary on Jul 18, 2019 20:21:31 GMT
You can invest as a sophisticated investor Agreed, but what are people’s experiences?
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jjc
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Post by jjc on Jul 19, 2019 5:30:35 GMT
Had a quick look at the team the other day mary , young guys & gals but looked sensible & got the feeling they might have a reasonably well-oiled loan application (& maybe management) op with borrowers up & running. Have good TrustPilot reviews. Not signed up, but interested in hearing what the rates to lenders are & how much they've lent to date / are targeting in future. This is a competitive market, strong GS & co backing will help, but won't be easy to make money & scaling here will be critical. They seem to have taken £700m in funding lines over last month or so, so would guess they're lending say £300m pa atm. Planning to launch a Luxembourg based fund later this summer. Imagine they'll be looking to avoid dealing with large numbers of lenders, so might have a high min clip (250-500k+?) & are perhaps not even looking to turn those taps on given they're now wading in cash? |
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Vero
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Post by Vero on Jul 22, 2019 20:33:24 GMT
Had a quick look at the team the other day mary , Imagine they'll be looking to avoid dealing with large numbers of lenders, so might have a high min clip (250-500k+?) & are perhaps not even looking to turn those taps on given they're now wading in cash? I heard from them today - with GS et al now all aboard, seems their minimum ticket has increased from £250k to £1M.
I agree, I expect they will be meeting, if not exceeding, their needs with institutional funds for now.
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