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Post by nsiam on Feb 7, 2020 12:11:45 GMT
Hi all,
Just a quick post to clarify a few points being discussed here on the forum.
1. On the communications side, I am no longer active on the forum as I do prefer to communicate directly with our lenders. Most lenders do have my direct phone number and are able to reach me directly (and they do).
2. Fund Ourselves is not in discussions with the FCA and have no issues with the regulators and no regulatory issues. All these claims are factually incorrect.
3. The company is not in wind down mode. Again, these are false claims that are factually incorrect. On the contrary, Fund Ourselves is preparing for scaling up which will be kicking off very soon.
4. Fund Ourselves business model is very strong. In fact, Fund Ourselves did hit profitability for two consecutive quarters in 2019.
5. Fund Ourselves credit models and collections are market leading with performance exceeding all benchmarks and most of the competition (if not all competition) allowing Fund Ourselves to deliver great sustainable returns to lenders.
6. All Fund Ourselves lenders have achieved great returns with no exception. The provision fund has operated as it should from day one with all lenders (with NO exception) are well in the positive return region.
7. On the return side, most Fund Ourselves lenders are achieving double digit return for 2 years running.
8. We are currently undergoing large technical update which touches on our banking infrastructure and resulting in slower payment processing. All lenders will be informed once the update is released with more details.
I understand that over the past few months transaction speed has been significantly reduced. This is only temporary and will soon be faster than normal once the new update is released. I understand this may have caused inconvenience to some lenders and we are working hard to get this up and running as soon as possible.
As a last note, some of the statements and comments made on this forum are factually incorrect with no grounds or links to reality. Please do consume with caution. It is to note that some posts are made by competitors and/or individuals who never used Fund Ourselves. If you are in doubt, please do contact me and I will be happy to discuss and clarify.
I hope this will clear some of the points raised in this forum. If you would like to discuss further, please reach out. Without exception, I have called all lenders wishing to speak with me and will continue to do so. So please, if you are in doubt, email me or any of our team asking for a call and I will be more than happy to discuss further.
Fund Ourselves has achieved great milestones over the past 2 years of trading. We are on a mission to deliver to best lending and investing experience with great returns and we do go the extra mile when it comes to technology. From the great returns, business sustainability, provisioning, great in-house built technology and more. If you have been following Fund Ourselves from day one, you will have noticed the huge amount of continuous and incremental updates and improvements. In some rare occasions this has led to disruption, but we are on it and do and will continue to revert with an even better and stronger product and experience.
If you are a Fund Ourselves lender, you have experienced our product first hand and hope you would agree with at least some of the points above. Some of the comments written in this forum are not even from users.
I hope I managed to cover most of the key points here. I am not intending to respond to comments on this forum, but please do reach out if you would like to discuss further.
Best, Nadeem
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Post by gravitykillz on Feb 7, 2020 12:24:10 GMT
Reminds me of that envestio post.
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Post by Badly Drawn Stickman on Feb 7, 2020 12:52:43 GMT
Hi all, Just a quick post to clarify a few points being discussed here on the forum. 1. On the communications side, I am no longer active on the forum as I do prefer to communicate directly with our lenders. Most lenders do have my direct phone number and are able to reach me directly (and they do). 2. Fund Ourselves is not in discussions with the FCA and have no issues with the regulators and no regulatory issues. All these claims are factually incorrect. 3. The company is not in wind down mode. Again, these are false claims that are factually incorrect. On the contrary, Fund Ourselves is preparing for scaling up which will be kicking off very soon. 4. Fund Ourselves business model is very strong. In fact, Fund Ourselves did hit profitability for two consecutive quarters in 2019. 5. Fund Ourselves credit models and collections are market leading with performance exceeding all benchmarks and most of the competition (if not all competition) allowing Fund Ourselves to deliver great sustainable returns to lenders. 6. All Fund Ourselves lenders have achieved great returns with no exception. The provision fund has operated as it should from day one with all lenders (with NO exception) are well in the positive return region. 7. On the return side, most Fund Ourselves lenders are achieving double digit return for 2 years running. 8. We are currently undergoing large technical update which touches on our banking infrastructure and resulting in slower payment processing. All lenders will be informed once the update is released with more details. I understand that over the past few months transaction speed has been significantly reduced. This is only temporary and will soon be faster than normal once the new update is released. I understand this may have caused inconvenience to some lenders and we are working hard to get this up and running as soon as possible. As a last note, some of the statements and comments made on this forum are factually incorrect with no grounds or links to reality. Please do consume with caution. It is to note that some posts are made by competitors and/or individuals who never used Fund Ourselves. If you are in doubt, please do contact me and I will be happy to discuss and clarify. I hope this will clear some of the points raised in this forum. If you would like to discuss further, please reach out. Without exception, I have called all lenders wishing to speak with me and will continue to do so. So please, if you are in doubt, email me or any of our team asking for a call and I will be more than happy to discuss further. Fund Ourselves has achieved great milestones over the past 2 years of trading. We are on a mission to deliver to best lending and investing experience with great returns and we do go the extra mile when it comes to technology. From the great returns, business sustainability, provisioning, great in-house built technology and more. If you have been following Fund Ourselves from day one, you will have noticed the huge amount of continuous and incremental updates and improvements. In some rare occasions this has led to disruption, but we are on it and do and will continue to revert with an even better and stronger product and experience. If you are a Fund Ourselves lender, you have experienced our product first hand and hope you would agree with at least some of the points above. Some of the comments written in this forum are not even from users. I hope I managed to cover most of the key points here. I am not intending to respond to comments on this forum, but please do reach out if you would like to discuss further. Best, Nadeem I have only quoted this to preserve it. I am an investor. Always seems to be a case of jam tomorrow, when what is really needed is bread and butter today. If you elect not to engage on here that is fine, but the consequences should be obvious.
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Post by gravitykillz on Feb 7, 2020 13:26:43 GMT
Hi all, Just a quick post to clarify a few points being discussed here on the forum. 1. On the communications side, I am no longer active on the forum as I do prefer to communicate directly with our lenders. Most lenders do have my direct phone number and are able to reach me directly (and they do). 2. Fund Ourselves is not in discussions with the FCA and have no issues with the regulators and no regulatory issues. All these claims are factually incorrect. 3. The company is not in wind down mode. Again, these are false claims that are factually incorrect. On the contrary, Fund Ourselves is preparing for scaling up which will be kicking off very soon. 4. Fund Ourselves business model is very strong. In fact, Fund Ourselves did hit profitability for two consecutive quarters in 2019. 5. Fund Ourselves credit models and collections are market leading with performance exceeding all benchmarks and most of the competition (if not all competition) allowing Fund Ourselves to deliver great sustainable returns to lenders. 6. All Fund Ourselves lenders have achieved great returns with no exception. The provision fund has operated as it should from day one with all lenders (with NO exception) are well in the positive return region. 7. On the return side, most Fund Ourselves lenders are achieving double digit return for 2 years running. 8. We are currently undergoing large technical update which touches on our banking infrastructure and resulting in slower payment processing. All lenders will be informed once the update is released with more details. I understand that over the past few months transaction speed has been significantly reduced. This is only temporary and will soon be faster than normal once the new update is released. I understand this may have caused inconvenience to some lenders and we are working hard to get this up and running as soon as possible. As a last note, some of the statements and comments made on this forum are factually incorrect with no grounds or links to reality. Please do consume with caution. It is to note that some posts are made by competitors and/or individuals who never used Fund Ourselves. If you are in doubt, please do contact me and I will be happy to discuss and clarify. I hope this will clear some of the points raised in this forum. If you would like to discuss further, please reach out. Without exception, I have called all lenders wishing to speak with me and will continue to do so. So please, if you are in doubt, email me or any of our team asking for a call and I will be more than happy to discuss further. Fund Ourselves has achieved great milestones over the past 2 years of trading. We are on a mission to deliver to best lending and investing experience with great returns and we do go the extra mile when it comes to technology. From the great returns, business sustainability, provisioning, great in-house built technology and more. If you have been following Fund Ourselves from day one, you will have noticed the huge amount of continuous and incremental updates and improvements. In some rare occasions this has led to disruption, but we are on it and do and will continue to revert with an even better and stronger product and experience. If you are a Fund Ourselves lender, you have experienced our product first hand and hope you would agree with at least some of the points above. Some of the comments written in this forum are not even from users. I hope I managed to cover most of the key points here. I am not intending to respond to comments on this forum, but please do reach out if you would like to discuss further. Best, Nadeem Does anyone seriously believe these comments ?? Investors have my personal phone number ... Lololol
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michaelc
Member of DD Central
Posts: 4,910
Likes: 2,771
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Post by michaelc on Feb 7, 2020 14:14:11 GMT
Hi all, Just a quick post to clarify a few points being discussed here on the forum. 1. On the communications side, I am no longer active on the forum as I do prefer to communicate directly with our lenders. Most lenders do have my direct phone number and are able to reach me directly (and they do). 2. Fund Ourselves is not in discussions with the FCA and have no issues with the regulators and no regulatory issues. All these claims are factually incorrect. 3. The company is not in wind down mode. Again, these are false claims that are factually incorrect. On the contrary, Fund Ourselves is preparing for scaling up which will be kicking off very soon. 4. Fund Ourselves business model is very strong. In fact, Fund Ourselves did hit profitability for two consecutive quarters in 2019. 5. Fund Ourselves credit models and collections are market leading with performance exceeding all benchmarks and most of the competition (if not all competition) allowing Fund Ourselves to deliver great sustainable returns to lenders. 6. All Fund Ourselves lenders have achieved great returns with no exception. The provision fund has operated as it should from day one with all lenders (with NO exception) are well in the positive return region. 7. On the return side, most Fund Ourselves lenders are achieving double digit return for 2 years running. 8. We are currently undergoing large technical update which touches on our banking infrastructure and resulting in slower payment processing. All lenders will be informed once the update is released with more details. I understand that over the past few months transaction speed has been significantly reduced. This is only temporary and will soon be faster than normal once the new update is released. I understand this may have caused inconvenience to some lenders and we are working hard to get this up and running as soon as possible. As a last note, some of the statements and comments made on this forum are factually incorrect with no grounds or links to reality. Please do consume with caution. It is to note that some posts are made by competitors and/or individuals who never used Fund Ourselves. If you are in doubt, please do contact me and I will be happy to discuss and clarify. I hope this will clear some of the points raised in this forum. If you would like to discuss further, please reach out. Without exception, I have called all lenders wishing to speak with me and will continue to do so. So please, if you are in doubt, email me or any of our team asking for a call and I will be more than happy to discuss further. Fund Ourselves has achieved great milestones over the past 2 years of trading. We are on a mission to deliver to best lending and investing experience with great returns and we do go the extra mile when it comes to technology. From the great returns, business sustainability, provisioning, great in-house built technology and more. If you have been following Fund Ourselves from day one, you will have noticed the huge amount of continuous and incremental updates and improvements. In some rare occasions this has led to disruption, but we are on it and do and will continue to revert with an even better and stronger product and experience. If you are a Fund Ourselves lender, you have experienced our product first hand and hope you would agree with at least some of the points above. Some of the comments written in this forum are not even from users. I hope I managed to cover most of the key points here. I am not intending to respond to comments on this forum, but please do reach out if you would like to discuss further. Best, Nadeem I have only quoted this to preserve it. I am an investor. Always seems to be a case of jam tomorrow, when what is really needed is bread and butter today. If you elect not to engage on here that is fine, but the consequences should be obvious. I was an investor with a 5 figure sum invested. I am no longer invested (I think I was clear about that in the few posts I have made on FO).
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Post by gravitykillz on Feb 7, 2020 14:25:09 GMT
I was an investor but not any more. Got out last year in the summer.
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Ukmikk
Member of DD Central
Posts: 445
Likes: 298
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Post by Ukmikk on Feb 7, 2020 17:13:12 GMT
Talk is cheap. The proof, or lack of it, is in the pudding.
An ex-investor.
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Post by Ace on Feb 7, 2020 17:17:52 GMT
I still am an investor, but wish I wasn't. Regrettably, I am also an FO equity investor. These comments from nsiam are complete bull. FO do not respond to this customer's questions. I am still waiting for small withdrawals of unassigned cash initiated on 15th Jan. I have been waiting for my investments to be cashed in for many months. I have seen changes to the website, but I have not seen any tangible improvements, just a complete white elephant rebranding exercise. No functional improvement. Nonsensical, unexplained and inconsistent figures displayed. FOs statistics page shows a marked decrease in lending this year. Promises of improvements from software upgrades have been repeatedly made, but never delivered.
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Post by sayyestocress on Feb 10, 2020 13:32:15 GMT
Sky is falling down type bad press is inevitable if you prevent the withdrawal of un-invested cash for weeks/months from your platform, whether the sky is falling down is factually correct or not. Especially so when you consider the wider P2P industry at the moment.
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orvilorvil
Member of DD Central
Posts: 67
Likes: 60
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Post by orvilorvil on Feb 10, 2020 16:23:02 GMT
Sky is falling down type bad press is inevitable if you prevent the withdrawal of un-invested cash for weeks/months from your platform, whether the sky is falling down is factually correct or not. Especially so when you consider the wider P2P industry at the moment. Why are uninvested funds being withheld - surely a post about that would be more helpful!
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Post by sayyestocress on Feb 10, 2020 16:38:09 GMT
Sky is falling down type bad press is inevitable if you prevent the withdrawal of un-invested cash for weeks/months from your platform, whether the sky is falling down is factually correct or not. Especially so when you consider the wider P2P industry at the moment. Why are uninvested funds being withheld - surely a post about that would be more helpful! Well, they say transaction speed is "significantly reduced", I say withheld.
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number5
Member of DD Central
Posts: 449
Likes: 98
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Post by number5 on Feb 13, 2020 7:58:38 GMT
Hi all, Just a quick post to clarify a few points being discussed here on the forum. 1. On the communications side, I am no longer active on the forum as I do prefer to communicate directly with our lenders. Most lenders do have my direct phone number and are able to reach me directly (and they do). 2. Fund Ourselves is not in discussions with the FCA and have no issues with the regulators and no regulatory issues. All these claims are factually incorrect. 3. The company is not in wind down mode. Again, these are false claims that are factually incorrect. On the contrary, Fund Ourselves is preparing for scaling up which will be kicking off very soon. 4. Fund Ourselves business model is very strong. In fact, Fund Ourselves did hit profitability for two consecutive quarters in 2019. 5. Fund Ourselves credit models and collections are market leading with performance exceeding all benchmarks and most of the competition (if not all competition) allowing Fund Ourselves to deliver great sustainable returns to lenders. 6. All Fund Ourselves lenders have achieved great returns with no exception. The provision fund has operated as it should from day one with all lenders (with NO exception) are well in the positive return region. 7. On the return side, most Fund Ourselves lenders are achieving double digit return for 2 years running. 8. We are currently undergoing large technical update which touches on our banking infrastructure and resulting in slower payment processing. All lenders will be informed once the update is released with more details. I understand that over the past few months transaction speed has been significantly reduced. This is only temporary and will soon be faster than normal once the new update is released. I understand this may have caused inconvenience to some lenders and we are working hard to get this up and running as soon as possible. As a last note, some of the statements and comments made on this forum are factually incorrect with no grounds or links to reality. Please do consume with caution. It is to note that some posts are made by competitors and/or individuals who never used Fund Ourselves. If you are in doubt, please do contact me and I will be happy to discuss and clarify. I hope this will clear some of the points raised in this forum. If you would like to discuss further, please reach out. Without exception, I have called all lenders wishing to speak with me and will continue to do so. So please, if you are in doubt, email me or any of our team asking for a call and I will be more than happy to discuss further. Fund Ourselves has achieved great milestones over the past 2 years of trading. We are on a mission to deliver to best lending and investing experience with great returns and we do go the extra mile when it comes to technology. From the great returns, business sustainability, provisioning, great in-house built technology and more. If you have been following Fund Ourselves from day one, you will have noticed the huge amount of continuous and incremental updates and improvements. In some rare occasions this has led to disruption, but we are on it and do and will continue to revert with an even better and stronger product and experience. If you are a Fund Ourselves lender, you have experienced our product first hand and hope you would agree with at least some of the points above. Some of the comments written in this forum are not even from users. I hope I managed to cover most of the key points here. I am not intending to respond to comments on this forum, but please do reach out if you would like to discuss further. Best, Nadeem How long does a deposit take? I am trying to transfer my IFISA out which previously had a nil balance. My other provider informed me that this had been communicated to me. However I have not had any emails. I have not had a reply to my last two emails. Since I indicated my intention to transfer out, communication from the Lender Support has stopped. Where can I find Nadeems phone number please?
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 13, 2020 9:55:42 GMT
Don’t worry once you transfer you will never have access to the money ever again but “ It will make great returns “ You will just never get at the cash.
I am still waiting for any investors to confirm the were able to withdraw ANY funds this year ?
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benaj
Member of DD Central
Posts: 4,889
Likes: 1,604
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Post by benaj on Feb 13, 2020 9:58:20 GMT
How long does a deposit take? I am trying to transfer my IFISA out which previously had a nil balance. My other provider informed me that this had been communicated to me. However I have not had any emails. I have not had a reply to my last two emails. Since I indicated my intention to transfer out, communication from the Lender Support has stopped. Where can I find Nadeems phone number please? Check transaction history for ISA. fundourselves.com/transactions.htmlI received an email from AJ Bell on 22nd July confirming the transfer instruction last year. FO started the transfer on 25th July and transaction history shows it was completed on the 26th in my FO account. p2pindependentforum.com/post/340784/threadThe ISA transfer out was stress free. The Best Exotic Marigold Hotel Quote:
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number5
Member of DD Central
Posts: 449
Likes: 98
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Post by number5 on Feb 13, 2020 10:45:19 GMT
I have received an update confirming my deposit and transfer has now been completed. But strangely my FO ISA is still showing the funds and saying I can assign them?!
Still waiting for my new provider to confirm they have received these though...so lets see!
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