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Post by darksiege on Jul 16, 2017 17:44:49 GMT
Sharing an article about Lenndy's result from 2017 Q2. Already 3 mln. EUR of loans sold and 0 losses for investors. Feel free to ask for further information. Link: Lenndy 2017 Q2 review When will you have the possibility to not use paysera? Because of that me and other people are far from your site. Thanks in advance! PS- I really like to open an account in Lenndy (well i have one...but i dont use).
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Post by darksiege on May 19, 2017 20:27:00 GMT
That amount 450k€ or 500k€ its in case of a plataform default? I dont understand that part. Anyone can help me?
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Post by darksiege on May 15, 2017 23:49:03 GMT
I don't understand this point. More platforms for me means more competition in the offer, that it could result in higher interest rates in average. On the other hand I presume it will mean also a greater risk in the loans offered (there'll be more loans in offer if more platforms have to build an offer). If they remain few platforms, a trust may be done between them and the consequence could be to mantain low the rates. Thats your point of view. If that was the truth answer me about this. Why can't we see anymore 13-14% at Twino or Mintos as happened one year ago? Competion in loans means people or companies can chose what platform they want.
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Post by darksiege on May 14, 2017 17:19:00 GMT
I am trying to make an easy go to list for European p2p lenders www.investitin.com/european-p2p-lenders/ (May contain affiliate links) Am I missing anyone one or the data is not accurate, PM me or message me in this thread What do you think, how can it be improved? Hello, Thanks for the list. I think the information about Grupeer isnt "so accurate". Location: Latvia | Risk Mitigation: CollateralAssets and personal guarantee BUT Buy Back guarantee in case of borrower's payments delay for more than 60 days.
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Post by darksiege on May 14, 2017 13:51:32 GMT
Hello southseacompany, What do you mean by "However, the one thing that could really spoil the party would be an adverse change in the legislation in Latvia"? I would like to know what this could mean for us (investors) in P2P latvian plataforms. Thanks in advance! There're rumors that latvian government is in contact with biggest latvian p2p service offers to make a more defined legislation for p2p lending. -> This is a good point for us (investors) because the rates at 10-12% doesnt paid the risk we take!This could mean, for example, more strict and standard requirements in terms of financial coverage and in financial disclosure for everyone that want to exercise this activity in Latvia. -> This is also great! Honestly i dont want more P2P platforms. More platforms means low interest rates for us and we can´t forget the risk this has. 10-12% its the minimum.For us, this could be bad for the possibility of an increase of commissions, but theorically we can receive a smaller platform risk. -> Fees or commissions it would be bad unless they raises interests rates.
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Post by darksiege on May 14, 2017 13:47:16 GMT
What do you mean by "However, the one thing that could really spoil the party would be an adverse change in the legislation in Latvia"? I would like to know what this could mean for us (investors) in P2P latvian plataforms. Read the posts by lawyer on this forum. He has (allegedly) read the draft law. From his description, it seems platforms (not just originators) have to hold part of the investment as "skin in the game". If that is the case, self-originator platforms like Twino will not break a sweat, but pure platforms like Mintos will face huge financial strain. Of course, anything can change before the draft becomes law. Thanks for the information! (Very useful) As an investor in many of latvian platforms (Mintos, Twino, Grupeer and ViaInvest) its so important and urgent that legislation can protect us in some manner. However it won´t be easy for platforms to hold part of investment like originators do. I hope this can bring some stabilization in P2P (mainly latvian platforms because there is many out there!). However i hope they do not charge us (using fees) because 10-12% for loans, has an high risk!
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Post by darksiege on May 13, 2017 23:32:20 GMT
I think they've posted pretty good numbers by growth company standards. Turnover grew tenfold but salary + admin expenses "only" quintupled. (The comparison period is not a full year so turnover really grew 5-fold and expenses 2.4-fold.) They might be on track to make a profit in the final quarter of this year. As a user of the platform I'm not worried at the moment. However, the one thing that could really spoil the party would be an adverse change in the legislation in Latvia. Hello southseacompany, What do you mean by "However, the one thing that could really spoil the party would be an adverse change in the legislation in Latvia"? I would like to know what this could mean for us (investors) in P2P latvian plataforms. Thanks in advance!
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