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Post by kristjan on Jun 27, 2016 11:11:25 GMT
Consider invoice discounting on Investly. Low minimum investment of £10 (or 10€ both currencies available) Potential investors should note that Investly does not charge any fees from investors. What you earn is yours to keep. Our fee structure is very simple and straightforward - we charge invoice sellers (£/€50 minimum, otherwise 1%, whichever is higher). More information is available on our board: p2pindependentforum.com/board/74/investly
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Post by kristjan on Jun 27, 2016 9:30:08 GMT
We have a new post on the autobidder available the Investly blog. Check it out! Also, I'd be curious to hear about your experience with the autobidder.
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Post by kristjan on Jun 1, 2016 11:35:23 GMT
Investly Holding OÜ has decided to start participating in invoice auctions. This will further help us align our interests with those of investors. We're also happy to announce that we received the Crowdfunding Best Practice label from Finance Estonia and Deloitte Legal. For more details please see our blog.
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Investly
Defaults
May 11, 2016 13:08:24 GMT
Post by kristjan on May 11, 2016 13:08:24 GMT
The €236,000 refers to invoices sold in Estonia. The £11,000 refers to invoices sold in the United Kingdom. I'm sorry if I wasn't clear about that earlier. We offer our services in two countries. The yield has been going up lately because the latest rounds of invoices closed at a higher rate. The data on invoices that have been repaid is as follows. Of the 25 invoices sold in Estonia, 13 have repaid. The weighted averages for repaid invoices: - yield 1.11% per 30 days or 13.5% annualized
- advance period 21 days
- default rate 0.00%
Of the 3 invoices sold in the UK, 2 have repaid. Weighted averages: - yield 1.23% per 30 days or 15% annualized
- advance period 31 days
- default rate 0.00%
Could you please forward me the e-mail that you are referring to (to kristjan@investly.co)? Those figures are definitely not correct and I would like to have a look at the e-mail before I respond.
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Investly
Defaults
May 10, 2016 5:58:19 GMT
Post by kristjan on May 10, 2016 5:58:19 GMT
Please kristjan , can U expalin why it appears a default rate of 0% in the April statistics when U accepted that the company V*v***** has defaulted? Thanks Investly's invoice portfolio default rate is 0.00%. V*** took out a business loan, the default rate for the business loan portfolio is 1.85%. PS. Investly no longer offer business loans. We have decided to focus on invoice discounting. The growth has been very fast - Investly started invoice discounting in January 2016 and has sold ~€236,000 + ~£11,000 worth of invoices to date. The business loan portfolio only generated €186,000 worth of volume in 18 months.
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Post by kristjan on May 2, 2016 12:22:00 GMT
Data for April 2016. First €100k+ month for us. First of many. All yields and duration shown below are weighted averages. investly.co/2016/05/02/april-2016-overview/Invoice discounting (Estonia) total volume: €186,186 April volume: €125,954 average yield per 30 days: 1.31% average annualized yield: 15.98% average duration: 35 days repaid: 10 (out of 21 sold) default rate: 0.00% Invoice discounting (United Kingdom) total volume: £10,444 April volume: £2,591 average yield per 30 days: 1.23% average annualized yield: 15% average duration: 43 days repaid: 1 (out of 3 sold) default rate: 0.00% Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Investly
Defaults
Apr 28, 2016 14:10:39 GMT
Post by kristjan on Apr 28, 2016 14:10:39 GMT
A*a A*elj** has paid most of what it owed and is currently 60 euros behind on its payments. V*v***** has defaulted. We have issued an order for payment but have not received anything yet. Order for payment is the option if debts are less than 6400 EUR. If there is no voluntary payment after the court order, we give it to the bailiff. Currently we have not yet received payment. A possible next step is to request a personal bankruptcy proceeding, which is quite costly. Regarding the types of confirmation: We have three types - email confirmation, phone confirmation and signed note confirmation. Estonian invoices are mostly signed, UK invoices have had phone confirmations (just the two invoices for now). The reason you don't see any signatures on the papers is because we use a digital signature. The digital signature is a safe and secure way of signing documents and it is accepted all throughout Europe starting from 2016. A number of other countries in Europe have their own digital signatures and countries are currently in the process of standardizing the protocols to allow for seamless singing between parties from different countries. You can find out more about it here: id.ee/?id=31008
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Investly
Defaults
Apr 27, 2016 13:52:51 GMT
Post by kristjan on Apr 27, 2016 13:52:51 GMT
I've contacted our legal person for a comment. I'll update you once I have the information.
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Post by kristjan on Apr 25, 2016 10:58:12 GMT
I'm pleased to announce that the Beta version of automatic bidder is now live. The final version will, of course, have more functionality. The current version will make a bid at exactly the terms you specify, meaning it's not capable of starting from a higher rate and then adjust it downward. The final version will, of course, have that functionality. investly.co/bidder/myBidderAttachments:
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Post by kristjan on Apr 22, 2016 5:42:40 GMT
p2pmaster: Thank you! We are working on signing up more companies and bringing you more invoices.
captainconfident: A lot of investors are using the same strategy. In fact, this has been observed on US platforms as well - it is not the number of investors that increases as much as the amount per investor.
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Post by kristjan on Apr 19, 2016 12:52:28 GMT
It is now at an amazing 8% which almost defies belief. The main problem seems to be that a lot of bidders are bidding in round figures instead of reducing their bids by .1% which means that the interest rate drops very quickly. Maybe when auto invest is introduced with a facility to reduce bids by .1% until you reach your bottom line bid this will improve things other wise I find it very difficult to invest on this platform. Difficult platform = invest elsewhere. The final version of the autobidder will have that functionality. Currently we are working on a Beta version just to get things off the ground. We are also working on changes to the website, so the final autobidder will be rolled out with the new website. On larger auctions you do see a bit more granularity in bids, probably because there are more seasoned investors taking part in these (with larger bids as well).
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Post by kristjan on Apr 19, 2016 12:50:06 GMT
If investors would make rationale decisions I would expect the interest rate of the larger invoice well below the interest rate of the smaller invoice as the better rating indicates a much lower default risk. (without debating how accurate and reliable the ratings at Investly are - the platform is very young - but it is one of the few informations investors have to gauge default risk) The credit ratings that we assign are based on Krediidiinfo (formerly part of Experian, but they were just bought out by CreditInfo). In some cases, we update the credit rating with non-public information. However, by and large, it is still the credit rating agency that gives the rating. URL: www.krediidiinfo.ee/index.php?m=66&lang=II'm fairly certain that behavior can be explained by small investors (if you look at the size of the bids).
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Post by kristjan on Apr 7, 2016 17:19:50 GMT
Investly, when do you plan to introduce auto investment profile? I'm glad to announce that we've started working on the Beta version of the portfolio manager (automatic bidder). Beta means that it's going to be a stripped down version of the final product, ie very simple with no bells and whistles. As soon as the Beta version is deployed, we will start working on the final product.
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Post by kristjan on Apr 6, 2016 12:19:28 GMT
A test deposit as low as 1 cent/pence is required to confirm bank accounts. Now you tell me. (An English expression which means yoiu should have told me at the beginning) This requirement is something that a lot of peer-to-peer sites have, but we'll consider adding a line that informs you of why it's needed. I'm very sorry about the delay. I was waiting for confirmation from admins so that I could start posting here (official representatives are required to get approval). Usually the fastest way to get a reply is to send an email to our support staff. However, starting from today, I'm here to help so now you have two options.
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Post by kristjan on Apr 6, 2016 9:37:02 GMT
Rather odd, I am registered on the site, passports, gas bill, email address and so on, but they STILL won't let me look at the loans on offer until I send some money. A test deposit as low as 1 cent/pence is required to confirm bank accounts.
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