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Investly
00363
Aug 8, 2016 7:06:31 GMT
Post by kristjan on Aug 8, 2016 7:06:31 GMT
and an example for interest calculation in this case, assumin gbp 100 invested: 100 x 0.14 ÷ 365 × 28 = GBP 1.07 in interest. That's correct.
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Investly
00363
Aug 8, 2016 7:02:24 GMT
Post by kristjan on Aug 8, 2016 7:02:24 GMT
Made my first investment in this loan. It is fully funded but have no idea if it's started paying interest? Love to lend against more invoices in the UK but they seem a bit scarce. Anyone think it will grow soon? Hi, that's a good question. buttchopf23 is spot on. The auction will start paying interest as soon as the timer runs out and the auction is fully funded. However, the auction will remain in the 'funded' state until we receive confirmation from the buyer (confirming that they've received the goods/services and are happy with the quality, this is to eliminate disputes). As soon as the confirmation is in, we transfer the funds over to the seller and the auction will go from 'funded' to 'collection' status.
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Investly
Defaults
Jul 27, 2016 9:11:10 GMT
Post by kristjan on Jul 27, 2016 9:11:10 GMT
Kristian, Is there a problem with the July loan payments collection? Almost all of the 11 loans I hold show as "delayed". On my account statement the delayed payment % figure shows as 6.24% whereas from my quick glance it looks like 80%. Your comments welcome.... Our collection team is handling this. With small companies it is not uncommon to see a number of companies having payment difficulties at the same time due to seasonality or other factors. It has happened before. However, most companies found their standing after a bit of time and continued paying down their debts, including penalties for overdue payments. You can be sure that we will continue pressuring debtors. As before, all investors will receive a loan portfolio update after the month ends with details on debtors that are overdue. A separate portfolio overview will be sent out to invoice investors. One of the most important differences between the loan product and the invoice product for investors is the credit risk. With loans, your repayments depend only on the financial strength of the small company that borrowed the money. With invoices, your repayment depends on the financial strength of the company that bought the products/services (the buyer). Buyers on our platform need to show a minimum of €500,000 in revenue and 3 years of operations. In most cases, the buyers are many times larger than that and have longer histories as well, some are either publicly traded or subsidiaries of publicly traded companies. They have more customers, stronger cash flows etc. As a backstop, we can ask for recourse in case the buyer fails to pay (recourse means the seller has to repurchase the invoice in the full amount and pay penalties). All in all, with invoices, investors are exposed to less risk. This is one of the reasons we decided to discontinue the loan product.
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Post by kristjan on Jul 25, 2016 7:03:48 GMT
Kristjan. When logged in we are presented ( when no auctions running ) with a page that says "no auctions at present" or similar . Along the top you have Portfolio,Cash,Ave Rate and income. Could these options be automatically shown on that opening page without having to "hit" them ? Best Regards David Thank you David, we will consider adding that. buttchopf23, thank you for the suggestion. That feature is already in planning.
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Post by kristjan on Jul 19, 2016 18:01:43 GMT
buttchopf23 and webbski9, thank you for the feedback.
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Post by kristjan on Jul 19, 2016 14:16:53 GMT
Hello
Do you refer to the invoice copy which is attached to all invoices? If yes, it's nice to have. Frankly speaking, I have not googled or anything like that to get more info about the seller or buyer. I trust your checks and believe there are only "good" invoices with reasonable risks involved (although I understand, that your checks provide not 100% security). Hi, yes that's exactly what I'm referring to.
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Post by kristjan on Jul 19, 2016 10:59:51 GMT
How important is it for you to see the invoice file?
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Post by kristjan on Jul 5, 2016 15:10:05 GMT
Yes,found them on this forum.When will they be shown in detail on the website ? The data will be available on the new version of the website. We are targeting late summer, but I can't promise a specific date I'm afraid.
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Post by kristjan on Jul 5, 2016 14:07:41 GMT
The loanbook is available here. UK invoices are on the second tab.
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Post by kristjan on Jul 5, 2016 13:48:57 GMT
I note in Kristjan's latest email ... Active participation by investors allows us to improve our product ... To that end I wonder if Investly are open to web site enhancements? Perhaps we investors may have some ideas. For me I would like a better portfolio page showing links to invoices, perhaps indicating investment per invoice and incomes all along one line. Other ideas ... Hi pauls, We are currently working on a new design for the website and we are open to all suggestions. You are welcome to post them here or send me an e-mail. We've gathered a lot of feedback from investors and businesses already. The portfolio page is one of the pages that is getting a complete makeover, along with the history page. We are still in the design phase on most of the improvements, which means that this is the perfect time to send us suggestions. Regards, Kristjan Velbri Investor Community Manager
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Post by kristjan on Jul 4, 2016 16:29:35 GMT
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Post by kristjan on Jul 4, 2016 12:16:40 GMT
JUNE VOLUME UPDATE: LINK: Investly invoice trading updateInvoice discounting (Estonia) - June volume: €259,822
- total volume: €529,907
- net return per 30 days: 1.24%
- net annualised return: 15.1%
- average duration: 31 days
- repaid: 24 (out of 48 sold)
- default rate: 0.00%
Invoice discounting (United Kingdom) - June volume: £21,884
- total volume: £44,461
- net return per 30 days: 1.25%
- net annualised return: 15.20%
- average duration: 28 days
- repaid: 5 (out of 12 sold)
- default rate: 0.00%
Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on Jul 4, 2016 12:14:46 GMT
MAY VOLUME UPDATE Invoice discounting (Estonia) - May volume: €83,898
- total volume: €270,084
- average yield per 30 days: 1.29%
- average annualized yield: 15.70%
- average duration: 39 days
- repaid: 17 (out of 31 sold)
- default rate: 0.00%
Invoice discounting (United Kingdom)- May volume: £12,132
- total volume: £23,121
- average yield per 30 days: 1.18%
- average annualized yield: 14.32%
- average duration: 30 days
- repaid: 3 (out of 4 sold)
- default rate: 0.00%
Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on Jun 28, 2016 7:23:49 GMT
Thank you for your swift response.Thats very encouraging.I am interested in the details if you forward them,but are they not available on the website ? Best Regards You're welcome. Here's the up to date UK loanbook: drive.google.com/file/d/0BzAm8HeJEvrnR0hmaWQ1WExZYXc/view?usp=sharingPlease note that seller/buyer information has been removed to protect their privacy. We're currently developing a new and improved version of the website. Among the improvements will be a page that features up to date data on the invoices. Up until that point, however, you can access the data through me (either contact me directly or via customer support). Please let me know if there is anything else I can help you with.
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Post by kristjan on Jun 27, 2016 15:48:33 GMT
Kristjan,how often do you auction Sterling invoices and where can I see previous ( sterling ) auctions. In June we've had new auctions every week. This is a rather significant improvement compared to previous months. We are working hard to increase the volume and to make sure there's something on auction every week to reduce cash drag. We've hired a new sales person who will help with sales and we're looking to add more people to our London team for sales purposes. We do have a customer who will be having monthly recurring invoices from a rather large debtor. Also, time has shown that most of our first time customers become loyal customers (applies to both countries). If you're interested in the details I can share the link to our loanbook (with the names of the companies removed, of course). Let me know.
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