Monetus
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Post by Monetus on Jul 29, 2019 13:17:57 GMT
I am trying to establish an estimate of how much new business wrote following FCA authorisation on July 11th 2018.
I've taken a quick look and it seems at least 93 new loans/tranches were written post authorisation based on "Advance Go Live Notice" emails.
However some loans have individual tranches that were written pre and post authorisation (the first tranche after full authorisation of DFL014 appears to be Tranche 11 for example).
Did anyone happen to keep detailed records for the value of individual tranches for loans like DFL014, DFL029, DFL032, DFL034, DFL037 etc?
Thanks.
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Post by samford71 on Jul 29, 2019 13:49:33 GMT
According to Brismo (rebranded AltFi data) total lifetime Lendy origination volumes were £428.5mm (they received this data from Lendy; it was not independently verified). Of that just £25.1mm (assume Jun18 to Jun19) was originated over the past 12 months link. This looks reasonable since total origination volumes as of Dec-17 were £356mm according to Lendy (and that crosschecks reasonably closely with my numbers) and they printed very little in new loans in the 2H18 or anything really in 1H19.
Edit: It might be worth emailing Brismo and asking them for their origination data for Lendy.
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Monetus
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Post by Monetus on Jul 29, 2019 14:27:59 GMT
This is perfect samford71 thanks a lot! I was not looking forward to the prospect of trawling through 100 individual loan tranches... |
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Post by wiseclerk on Jul 29, 2019 22:17:49 GMT
@monetus I only have stats for full months, therefore cannot tell from July 11th, but I can tell from July 1st, 2018. My records say £25.12mm
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Monetus
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Post by Monetus on Jul 30, 2019 10:58:43 GMT
@monetus I only have stats for full months, therefore cannot tell from July 11th, but I can tell from July 1st, 2018. My records say £25.12mm
Cheers wiseclerk that tallies perfectly with the other data so thanks for that. Just to confirm this data is based on figures provided by Lendy and this is total new loan origination for the platform as a whole? I remember Lendy were having something of a cash crisis towards the end with many unfilled tranches. I'd assume that the total amount of new investor cash actually invested on the platform would be considerably lower than this and very difficult/impossible to quantify?
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Post by wiseclerk on Jul 30, 2019 11:10:39 GMT
Hi,
this is based on the figures published on the Lendy website. Theoretically these could be incorrect, but I have no reason to believe that figures shown on Lendy's website did not reflect what was actually lent.
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sl75
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Post by sl75 on Aug 12, 2019 8:45:56 GMT
I remember Lendy were having something of a cash crisis towards the end with many unfilled tranches. I'd assume that the total amount of new investor cash actually invested on the platform would be considerably lower than this and very difficult/impossible to quantify? The tranches either got filled, or reduced in size before drawdown to the amount of cash actually filled.
It was generally understood (but not explicitly confirmed) that funds from Lendy Wealth customers were plugging the gaps.
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sussexlender
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Cheat seeking missile
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Post by sussexlender on Aug 12, 2019 18:50:40 GMT
I have no doubt that in years to come the 2 words "Lendy Wealth" will be held to be a classic example of a pure contradiction in terms.
From the boastful £50,000 only to a rapidly reduced £10,000 minimum bunged into the unknown Liam B's box of magic tricks. That's wealth?
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Aug 13, 2019 13:11:43 GMT
I have no doubt that in years to come the 2 words " Lendy Wealth" will be held to be a classic example of a pure contradiction in terms. A classic oxymoron - comparable with military intelligence and honest politician?
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Post by loftankerman on Aug 14, 2019 7:47:32 GMT
I have no doubt that in years to come the 2 words " Lendy Wealth" will be held to be a classic example of a pure contradiction in terms. A classic oxymoron - comparable with military intelligence and honest politician? I suppose it depends on the interpretation. Funds transferred from lenders to Lendy were presumably Lendy Wealth before morphing into someone else's irretrievable wealth.
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