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Post by gmaxkenny on Aug 13, 2021 15:50:34 GMT
P2P is dead. Most lenders have moved to Cefi and Defi. The new age of finance is here powered by crypto and blockchain.
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Post by gmaxkenny on Apr 5, 2021 19:20:34 GMT
I have suspected for some time that EG was not all it seemed like most Baltic State P2P companies it turns out. How a platform that used to list a few projects monthly has for the past year in the middle of a pandemic being listing several a week is very suspect. I have been withdrawing from this company along with all others for over a year now as the risks compared to the poor returns are not worth taking. From dealing with one such platform which closed up shop I am amazed at the endemic corruption in the business and legal setup in said Baltic States. Best avoided.
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Post by gmaxkenny on Nov 23, 2020 17:21:45 GMT
Just an update if anyone receives a email from so called P2Pcamp.com you may also get one from Dena Invest which seems to have close links to Grupeer. Avoid both.
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Post by gmaxkenny on Nov 20, 2020 20:56:03 GMT
Grupeer or one of their employees has sold my (unique to grupeer) email address to p2pcamp.com
It has been a worry for many investors in Grupeer that their information and KYC details could be sold or used for criminal purposes like ID thieft. As you used a unique address you will be well placed to let us know of any more such instances of misuse of your information. If you receive any philshing attempts or the like I would like to know and I can pass it on to the Armada group or if you are in Armada you can post them on their Telegram channel.
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Post by gmaxkenny on Apr 6, 2020 13:46:32 GMT
Where is the proof that a lot of their loan originators do not exist? I mean, I'm not naieve, but some proof would be helpful.
If you are a Grupeer investor check out the Grupeer Discussion on Telegram and the Grupeer Discussion Summary which has the pinned admin statements. I presume you have read the links on Soerengs post. All the proof is there.
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Post by gmaxkenny on Apr 4, 2020 20:23:23 GMT
The storm will not pass,a lot of their loan originators do not exist and this statement along with others released by them are delaying tactics only. It seems the Covid -19 crisis caused them to bring forward their plans for an exit with investors money due to so many withdrawal requests but now they are finding it hard to escape with the present worldwide restrictions to movement.
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Post by gmaxkenny on Mar 23, 2020 22:40:32 GMT
Personally I have been withdrawing from the P2P market for the past 3 months as it is now perhaps the riskiest form of investing out there for such a small return. Once the stockmarkets of the world find their bottom their will be great buying opportunities to be had and also the crypto market is performing in a very resilient manner. This could be when crypto comes of age.
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General EUR P2x Discussion
Envestio
Jan 22, 2020 16:58:03 GMT
Post by gmaxkenny on Jan 22, 2020 16:58:03 GMT
Seems like the problem might be causing a run on some other platforms. I got this email from Wisefund a company I joined but did not invest in. It does not sound very reassuring
Statement from Wisefund
Dear Wisefund user, Wisefund and our team, we are confident in what we do and how we do it, the history of our work, and we intend to keep it this way and prove our place in the industry. Due to certain circumstances that accrued yesterday within the crowdfunding sector, Wisefund is experiencing a large amount of early-exit requests from many of you. During Kuetzal collapse, there were no significant issues Wisefund experienced except slightly slower pace of funding, but since yesterday when Envestio website is not accessible anymore, there's a hype in early-exit requests which causes certain administrative burden towards us, financial and administrative burden towards our partner, and certainly slows down our daily work. Wisefund is confident of its loan management system, the loan management process, the relationship with borrowers, the vast amount of work we've done within the team to create the onboarding process and keep it in terms with each application; we have a very strong loan agreement in place with borrowers, and there's never been intention from anyone of them to speculate and show signs of no repayment. Unfortunately, due to the panic lenders forget that they entered into contractual relationship issuing a loan for certain period of time, and contractual relationships should be honored, whereas the early exit option is actually meant for people who are ready to bear the early exit fee because they really need that money, instead of just running away from obligations they entered. Simple example, how would you feel if for no reason your local bank would request an immediate return of your mortgage? Even though the guarantee from Wisefund offers to cover loans that are defaulted, there are none of the current active loans that show signs of default, all payments are made on time, and we work hard to keep it this way, and will continue to do so. Unfortunately, many of you currently don’t value contractual relationships and request an early exit from their loans without specific reason simply due to happenings that are not dependent on Wisefund or its borrowers and have no relation as well. Wisefund is not planning to request back the money from borrowers before the contractual terms and will continue serving loans as per the payment schedule. For your information, from the very beginning, Wisefund had guarantee agreement under certain terms, and early exit option was not intended for everybody to use it, For now, after this statement, Wisefund will limit early exit requests until we take care of existing requests and receive confirmation the guarantee provider is ready to accept further requests. In the end, Wisefund values all parties involved through its business, lenders, borrowers, and partners who with their services allowed the portal to grow. And we tend to keep this value, honoring every side and will try to find the right balance for that. If you have any certain worries regarding Wisefund activities, please express them writing to the Wisefund support team, and we'll reply to you in detail on each worry you have in the shortest possible time. Wisefund will take the opportunity to update lenders on each of the funded project development processes and further projections, although, this might take some time to deliver the information towards our valued lenders due to a higher amount of support and early exit requests. Looking forward to be your partner of choice in the future as well, On behalf of Wisefund, Ingus Linkevics, CEO
If you have any questions, please reach out to support@wisefund.eu and we’ll be happy to help. Best regards, Wisefund Support Happy to help.
Please reach out to support@wisefund.eu if you have any questions. Copyright © 2019 WiseFund Capital OÜ, All rights reserved.
Our mailing address is: Väike-Ameerika tn 8 Tallinn Harjumaa 10129, Estonia
Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.
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Post by gmaxkenny on Nov 2, 2019 14:29:39 GMT
I'm look to consult other lenders that have been lending on Mintos and benefited from their BuyBack Guarantee scheme. Does anyone else have experience of this?
Are you serious? !!!
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Post by gmaxkenny on Oct 17, 2019 16:56:37 GMT
...No other platform has ever stopped me withdrawing... That's not entirely correct. I had the same problem with Mintos What problem did you have trying to withdraw money from Mintos? So far they have been the platform that have asked the least amount of KYC questions of me.
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Post by gmaxkenny on Jul 18, 2019 21:15:02 GMT
Sounds like a storm in a D cup !!
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Post by gmaxkenny on Jun 13, 2019 17:54:20 GMT
Dear gmaxkenny , Thank you for your feedback! We would like to clarify this situation. Grupeer platform has not forced anyone to provide detailed information about Tax details or income source except the one that was mentioned to be required previously: Information about Tax residence: - Country of tax residence - Address of tax residence All other information, mentioned in the section of Tax Residence is required individually, but in your case, we do not require it. Information about Income source: - The form of your income source. Here we require just “tick” the right form of your income source. We did not ask to provide the Tax Certificate nor to specify an exact number of your income source. Besides, we did not prevent your withdrawal options. The system was changing your status only for the period when changes are done. Everything works fine right now and you can invest or withdraw funds when you wish to. Please, if you need any additional assistance on this matter contact our support via support@grupeer.com Kind regards, Grupeer team What you have said is untrue I was not allowed to withdraw funds until I answered the questions what is my tax address and source of income. So WHEN not if you start demanding tax numbers tax certs and PROOF of source of funds I will not be allowed to withdraw funds until these questions are answered. This is the way your system is set up and the phrase "the system was changing your status" actually means answer the questions or we withhold your funds. To say otherwise is at least misleading,I would call it something else.Request information by all means all platforms do, but if I do not wish to give it I have the right to withdraw my funds and invest elsewhere. No other platform has ever stopped me withdrawing except yours. As for contacting support I have already made my feelings very clear to them.
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Post by gmaxkenny on Jun 9, 2019 13:51:22 GMT
I got an email from Grupeer saying my ID had expired and to update it. Fair enough but when tried to submit my updated ID I could not until I gave tax details and income sources as well. We were told before by Victoria that this would not happen but as I suspected it now has. But even worse If you do not supply this information not only can you no longer invest on the platform but you will be unable to WITHDRAW your funds. I have not seen this on any other platform and is a very worrying development. Being able to withdraw your funds if you are no longer happy with a platform or do not wish to give information is a right and NO platform has the right to deny us access to OUR money.
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Post by gmaxkenny on Jun 4, 2019 14:08:23 GMT
Would recommend Grupeer. Good returns and no defaults. Would not use Twino again their default rate is scary and I would worry about their ability to honour buyback. How does it compare to Munro's and is it not the individual lender that buysback I stopped investing with them about 2 years ago and made my last withdrawal about a month ago. Their loans were being constantly extended and the PG loans reached a 90% default on my account. I was getting 14% but when this dropped coupled with the default rate I could not justify the risk V reward so stopped. Unlike Mintos where they have loan originators Twino does not so you are depending on the platform to honour the buy back so all your eggs are in one basket. There may have been changes since I stopped investing with them as I no longer follow whats happening but I think its a platform which would struggle in an economic downturn.
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Post by gmaxkenny on Jun 3, 2019 21:01:26 GMT
Would recommend Grupeer. Good returns and no defaults. Would not use Twino again their default rate is scary and I would worry about their ability to honour buyback.
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