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Post by kristjan on Jun 7, 2018 12:28:38 GMT
MAY 2018
Invoice discounting (United Kingdom) - month volume: £806,000
- historical annualised return: 12.10%
- average duration: 42 days
- overdue rate*: 0.89%
- default rate*: 0.89%
- out of that:
recovered: 87.10% written off: 0.01% in collection: 12.80%
Invoice discounting (Estonia) - month volume: €1,277,000
- historical annualised return: 9.86%
- average duration: 34 days
- overdue rate*: 0.14%
- default rate*: 3.20%
- out of that:
recovered: 14.40% written off: 0.04% in collection: 85.50%
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Post by kristjan on Jun 7, 2018 12:27:47 GMT
APRIL 2018
Invoice discounting (United Kingdom) - month volume: £325,000
- historical annualised return: 12.46%
- average duration: 41 days
- overdue rate*: 0.57%
- default rate*: 0.96%
- out of that:
recovered: 90.60% written off: 0.01% in collection: 9.40%
Invoice discounting (Estonia) - month volume: €1,414,000
- historical annualised return: 10.31%
- average duration: 34 days
- overdue rate*: 0.28%
- default rate*: 3.23%
- out of that:
recovered: 12.30% written off: 0.00% in collection: 87.70%
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Post by kristjan on May 3, 2018 14:07:41 GMT
I want to add funds to my investor account in Great Britain Pounds Sterling, but my problem is I do not have a GBP bank account and I do not know how to do the transfer. Please tell me if I can transfer money via money tranfer service (Transferwise) because I already made a bank transfer for my investor account in EUR and my account was verified. If not, please tell me what solutions do I have to make the deposit. Hello, If you want to use the same EUR account for your GBP deposits (via Transferwise), then all you have to do is enter the same details and wire the money via Transferwise. Because we have your EUR bank account confirmed already, you won't have to verify it again. However, please remember to add your unique account nr to the transaction description. You will find your unique number from the pop-up window after clicking on deposit inside the Investly application. You can email me directly in case you have any further questions (kristjan(at)investly(.)co).
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Post by kristjan on May 3, 2018 9:05:26 GMT
I think it will take a long time for me to invest all the money I have deposited into this rhythm, although I do not think there is a lot of money that I have in my account. For example, 3 bills of over EUR 1000 were auctioned today, the rest being a few euro peanuts . However, although my AutoBidder is set to minimum interest I can't get any bids. I would like to know if they are also institutional investors because I saw that some bidders bid over EUR 2,000 on the invoice and if we take into account the rule of diversification, they are running very large amounts of money. A limit should be set if if the invoice on auction is worth up to 5000 EUR, you can not bid more than 100 EUR per user. So my question would be if at Investly are also institutional investors. We do have a few institutional investors and HNWIs who are making larger bids. The overwhelming majority of invoices get financed by smaller retail investors. We had a record month in volume (€1.4m advanced) with 353 invoices financed. Investors should have enough invoices to get their funds allocated. If you are limiting your risks by using the buyer exposure limit, it will take a bit more time to get fully allocated.
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Post by kristjan on Apr 25, 2018 13:47:18 GMT
Following my complaint, I was contacted by Kristjan by email, explained to me the steps I must take, and the deposit was made without any problems. Money came to my investor account in less than 24 hours. Thanks Kristjan for your help! Hi, I'm glad to have been of assistance. Regards, Kristjan
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Post by kristjan on Apr 20, 2018 6:36:18 GMT
Hi Kristjan, if you can tell me how many companies are registered on Investly as a seller and buyer of bills financing. I'm asking this to make an idea if it's possible to diversify my investment by bidding just one auction at each company, so any loss in case of a default will be minimized. I want to know if I can bid for 1000 bills per month for diferent buyer / seller at an invoice exposure as close to the minimum bid as possible. Thank You. You can use the buyer limit to diversify and limit your risk against any particular debtor at the same time. For example if you set the bid size at x and buyer limit at 2x, the autobidder will limit bids issued to a particular debtor to 2x. Once an invoice is paid, the autobidder can once again make a bid until it reaches the limit you've set. The autobidder will make unlimited bids if you leave the buyer limit field empty. I'd look at the number of active customers per month rather than looking at the total number of customers. Some customers are active every month, some not. Estonia:monthly active sellers: 54 monthly active buyers: 80 United Kingdom:monthly active sellers: 20 monthly active buyers: 27
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Post by kristjan on Apr 9, 2018 8:14:00 GMT
March Invoice discounting (United Kingdom) - month volume: £596,000
- historical annualised return: 12.69%
- average duration: 40 days
- overdue rate*: 0.25%
- default rate*: 1.01%
out of that:
- recovered: 90.60%
- written off: 0.01%
- in collection: 9.40%
Invoice discounting (Estonia) - month volume: €1,031,000
- historical annualised return: 10.34%
- average duration: 35 days
- overdue rate*: 0.55%
- default rate*: 2.91%
out of that:
- recovered: 10.20%
- written off: 0.00%
- in collection: 89.80%
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Post by kristjan on Apr 9, 2018 8:12:59 GMT
February Invoice discounting (United Kingdom) - month volume: £588,000
- historical annualised return: 12.80%
- average duration: 39 days
- overdue rate*: 0.04%
- default rate*: 1.16%
out of that**:
- recovered: 90.60%
- written off: 0.01%
Invoice discounting (Estonia) - month volume: €967,000
- historical annualised return: 10.40%
- average duration: 35 days
- overdue rate*: 0.60%
- default rate*: 3.18%
out of that**: - recovered: 10.40%
- written off: 0.00%
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Post by kristjan on Feb 26, 2018 13:45:48 GMT
Just had my first invoice paid back, was a week late but paid nonetheless, meant the interest came out to be 9.13%, cash was then re-lent out within 90minutes. No complaints from me so far. Hi David, just to clarify, investors have a right to receive penalties for late invoices. These are usually paid with the invoice or following the financing of a future invoice. This ensures that realized yields correspond to expected yields (i.e. that late payments doesn't eat up the return). Investors get to keep the extra interest when invoices are paid early. Data on payment habits (early, on time and late payments) is available on the account overview page. To find out you realized yield for any particular invoice, please download the portfolio spreadsheet from you account overview page.
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Post by kristjan on Feb 20, 2018 9:20:28 GMT
I tried to explain this case and why the management of risk were too much negative by Investly and not profesional. The company (B*** B******* OÜ) has in Investly these data: Active since: 15/06/2009 + Annual turnover: €4,782,617.00 It has a category of AA in Investly. Investly described that this company has a "B*** B******* OÜ specializes in the construction of wood-frame houses. The company has constructed more than 5000 wood-frame buildings since 2009. B*** B******* had a turnover €1.9 million in 2015". However, Investly didn´t provide documentation about this analyzing from risks and anything that demostrate these afirmations. However, B*** B******* OÜ company (by www.e-krediidiinfo.ee, external web for analyzing for risks companies) the details are too different: Annual turnover: €10,736 (and not 4 million that Investly showed) Number of employer 1 (probably was not a big company, it isn´t?) Email ******@gmail.com (who has annual turnover for more than 4 million and use gmail free account for a company?) Finally, the data that Investly showed for investors were absolutly different from the company reality. It is not a profesional analize for risks, it isn´t?). For a Company that had annual turnover of €10736 stole for more than €100000 (from Investors that entrust in Investly habilities). B*** B******* OÜ (Invoice 535) Sale price €76,403.59 (Invoice 522) Sale price €50,387.52 As investor with several years in P2P. AVOID this platform. They don´t do the job and you have a high probability of losing your money (for get 8%-10% you have several other platforms that do his analyzing risks). Avoid amateur P2P companies as Investly. Any doubt, let me know directly here or private message and I can expand you for informacion about my experience. I'm sorry that you've had to wait for your money back for such a long time. As I've said previously, our team has taken all the steps needed to collect the debt. The collection history of the invoices concerned had more details, please refer to those for a complete overview. As for your claims, I've provided answer by topic to each one: RatingsRatings for Estonian companies are provided by CreditInfo Estonia. The rating has been revised downward after the company became insolvent, the rating displayed on the Investly website is from the time that the invoice was financed. At that time, the company had a good credit history and was well capitalized. Turnover
Annual turnover (EUR): 2014: 1 985 267 2015: 1 890 615 2016: 4 782 617 The figure that you cite above is the share capital of the company, not the annual revenue. Employees
The number of current employees is misleading, because the company is no longer a going concern. One should instead look at the number of workers at the time the invoice was financed and also before that. The annual report quotes the number of workers in 2016 as 24 (snapshot from the time the balance was closed for 2016). The Estonian tax authority keeps a record of registered employees, which at the end of Q1 2017 was quoted at 38. Contact detailsThe current contact address of the company bears no relevance here. Contacts details were changed after the company started having difficulties with payments. You can check the historic contact details and the dates they were changed from Estonia's public registry. CreditInfo usually displays only the latest data, which is what you saw. In the future, please contact us directly if you have questions and concerns so that we can address them. In this case, we could have helped point out the errors in your analysis of CreditInfo data and point you to the correct data. We understand that credit registries and other analysis tools require professional user experience and are not always straightforward to use, and this is why it is critical to ask for help from someone that has the experience. We have provided plenty of information about the debt collection proceedings in the collection history window of the invoices concerned and have been in contact with investors who have had extra questions about the meaning of some of the information. It is absolutely understandable that not everyone is familiar with court proceedings and some people do have extra doubts, concerns or questions. I invite you to contact us directly in the future.
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Post by kristjan on Feb 8, 2018 12:05:58 GMT
My experience was horrible. I had a big default with a crash of a company...and Im waiting yet a judicial outcome. A risk analysis must evaluate each risk according to the probability of its occurrence. Investly didn't it this risk analysis. The company stole more than 150000€ from investors and search by internet is crazy that the company pass minium analysis (a baby would do better without any knowledge.) Please, in my experience and opinion...AVOID completly this platform. They don't play fairly and the risks analysis are zero. The companies are time bombs. This comment and a reply to it was previously posted here.
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Investly
Defaults
Feb 8, 2018 12:05:45 GMT
Post by kristjan on Feb 8, 2018 12:05:45 GMT
My experience was horrible. I had a big default with a crash of a company...and Im waiting yet a judicial outcome. A risk analysis must evaluate each risk according to the probability of its occurrence. Investly didn't it this risk analysis. The company stole more than 150000€ from investors and search by internet is crazy that the company pass minium analysis (a baby would do better without any knowledge.) Please, in my experience and opinion...AVOID completly this platform. They don't play fairly and the risks analysis are zero. The companies are time bombs. This comment and a reply to it was previously posted here.
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Post by kristjan on Feb 8, 2018 12:05:02 GMT
Is it just my impression or are there a large number of overdue invoices? easter vacations? My experience was horrible with overdue invoices my friend. I had a big default with a crash of a company...and Im waiting yet a judicial outcome. A risk analysis must evaluate each risk according to the probability of its occurrence. Investly didn't it this risk analysis. The company stole more than 150000€ from investors and search by internet is crazy that the company pass minium analysis (a baby would do better without any knowledge.) Please, in my experience and opinion...AVOID completly this platform. They don't play fairly and the risks analysis are zero. The companies are time bombs. This comment and a reply to it was previously posted here.
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Post by kristjan on Feb 8, 2018 12:01:10 GMT
My experience was horrible. I had a big default with a crash of a company...and Im waiting yet a judicial outcome. A risk analysis must evaluate each risk according to the probability of its occurrence. Investly didn't it this risk analysis. The company stole more than 150000€ from investors and search by internet is crazy that the company pass minium analysis (a baby would do better without any knowledge.) Please, in my experience and opinion...AVOID completly this platform. They don't play fairly and the risks analysis are zero. The companies are time bombs. I'm sorry to hear that you've had a negative experience. If you would like to discuss this particular situation further, please contact me directly. As far the your comment is concerned, I have to say that this is not a fair representation of the situation. - Investly has taken legal measures to collect the debt, which has resulted in Investly securing a mortgage on behalf of investors. The court proceedings are still ongoing. - We've done an ex post analysis of the facts and there was nothing to indicate the sort of risks that materialized. Unforeseeable risks materialize exactly because they could not be foreseen. In these cases it is important to have measures in place to help collect the debt. To protect against losses, Investly has the right to demand the invoice seller to repurchases the invoice. We also secure a personal guaranty from the seller company director as further protection. Our contracts give us the right to pursue the debt against both parties. Depending on the case, we have used one or several of these measures to successfully collect debts. As far as ongoing court proceedings are concerned, it would be a gross injustice to measure the success rate of these cases before the court has arrived at a judgement.
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Post by kristjan on Feb 8, 2018 11:18:44 GMT
I quit a year ago as all invoices settled at an 8% yield and I had a cash drag. Until then all went smootly, no losses etc. Just some delays, although sometimes long times with partial payments. Overall very good experience, despite the yield situation. Since then I only reinvested my repayments from the loans I had. So now and then I get to invest in an invoice, most of the time my cash sits on the account though (20 euros). I was lucky to get in late into the loans, both of mine pay according schedule, one is fully repaid by now. Looking at the loan stats, a big portion defaulted. What I read about the invoices in the last year is not all promising. Browse through the forum, you will find some stories, although I cannot back them. Looking at their default and recovery figures one would think they are doing good. By the way, if you want to become a shareholder of investly, they are funding now on seedrs. It is very much true that people tend to express their negative experiences out in the public and keep most of their positive experiences to themselves. This also holds true for negative experiences that have seen a turnaround. You don't see people expressing their joy when an invoice gets paid early (in that case investors get a higher return, because the interest is fixed upon the day of the sale). This is human nature and therefore totally understandable. These are legitimate concerns and we take them seriously. We've recently introduced a lot of improvements to the investor user interface to help investors make better decisions and get a more accurate overview of their portfolio and the payment habits of debtors. We've also improved the autobidder thus helping investors improve their diversification across companies. These developments are the direct result of feedback from our investors. As far as defaults and particular invoices are concerned, I'd be glad to offer more information over e-mail (kristjan /at/ investly /./ co).
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