stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Dec 25, 2017 18:30:45 GMT
Nsiam please let me know if you have a system of equitable allocations that would stop me, if I invested say £10k from getting anywhere near whole loan allocations? The desire would be to diversify into 50 or 100 loans on platform for several people. Everything said so far seems to indicate that 10 loans could be the max. Care to comment please?
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Mike
Member of DD Central
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Post by Mike on Dec 25, 2017 22:51:02 GMT
Also trust is key. If you put your money on any peer-to-peer platform you should trust them enough not to be fraudulent. That's a whole lot easier when the borrower (and security + charges) can be verified to exist.
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Post by nsiam on Dec 26, 2017 8:48:10 GMT
As far as I am aware, all the platforms I lend on make lenders aware if one loan is related to another. I can’t quite believe that welendus aren’t going to do that too. Would make me run a mile if they don’t. Definitely, Welendus will show the loan relationship to one another.
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Post by nsiam on Dec 26, 2017 8:50:45 GMT
Nsiam please let me know if you have a system of equitable allocations that would stop me, if I invested say £10k from getting anywhere near whole loan allocations? The desire would be to diversify into 50 or 100 loans on platform for several people. Everything said so far seems to indicate that 10 loans could be the max. Care to comment please? This is not something we currently have in place but as it was requested a couple of time in this thread, we will be adding it very soon. I will let you know as soon as its ready to use.
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Post by nsiam on Dec 26, 2017 8:52:51 GMT
Also trust is key. If you put your money on any peer-to-peer platform you should trust them enough not to be fraudulent. That's a whole lot easier when the borrower (and security + charges) can be verified to exist. We will look into adding more visible assurance for the lenders.
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Post by stevepn on Dec 26, 2017 14:01:42 GMT
I will start a thread for new P2P site Welendus, similar model to RS & Zopa, to help generate posting interest before hopefully being granted it's own sub board, below is copied the soft launch e-mail from nsiam (Founder & CEO);
"I am pleased to announce that we have launched Welendus Beta for investors last Friday (1/12/17). You can now visit our website (www.welendus.com) to create an account and start your investment journey with us. In order to control the lending activities during the beta stage, we have created an invite only token based system. After creating an account, we will email you your unique access token to start adding investments from early next week. Really exciting!
Please note that we have opened the investment door but we are not accepting any loan applications at this stage. We will start accepting borrowers as soon as we raise sufficient lending capital to operate the lending activities efficiently.
I am also pleased to announce that we are now overfunding on Seedrs after exceeding our target in under 24 hours form launching our campaign. You can view our campaign by visiting (https://www.seedrs.com/welendus5)."
Note that tokens will be sent on a first come first served basis in a controlled manner.
Hope this helps and hope you will enjoy our new website.
DISCLAIMER: I have an equity stake via the recent Seedrs round & plan an initial small lender deposit to trial the platform as it grows. In what way is Welendus a similar model to RS?
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mary
Member of DD Central
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Post by mary on Dec 26, 2017 18:40:08 GMT
I will start a thread for new P2P site Welendus, similar model to RS & Zopa
DISCLAIMER: I have an equity stake via the recent Seedrs round & plan an initial small lender deposit to trial the platform as it grows. In what way is Welendus a similar model to RS? As far as I understand... Similar - blind lending, mainly consumer and Provision Fund. Dis-similar - auto-diversification, higher rates, un-proven.
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Post by stevepn on Dec 27, 2017 10:29:38 GMT
Thus could be a winning concept, but why should investors hand over cash at this stage? What is the incentive, taking into account the risk of investing in/through an untested company? We are opening the lending activities on first come first served basis. So mainly to get ahead on the lending queue. Also, if no one invested early there will be no lending capital to lend out. But I am very pleased to see there is much more interest that we initially anticipated. There is no incentive other than get to the front of the queue and possibly be first to lose your money. Sounds similar to the money platform but the rates are a lot lower.
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Post by stevepn on Jan 6, 2018 11:09:12 GMT
Hi nsiam When do you anticipate to start lending? Hi df , We will open the lending door in the first week of January 2018. We will be making an announcement very soon with the exact date. The first week now gone and the door is not open for borrowers.
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marka
Member of DD Central
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Post by marka on Jan 6, 2018 20:14:09 GMT
The first week now gone and the door is not open for borrowers. Hi, email confirmation received this morning that lending will begin Monday 8th January. I got that email yesterday too, but as I'm still waiting for my token (account opened 14/12/17) its academic to me!
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Post by sayyestocress on Jan 8, 2018 11:20:05 GMT
Hi, email confirmation received this morning that lending will begin Monday 8th January. I got that email yesterday too, but as I'm still waiting for my token (account opened 14/12/17) its academic to me! I wouldn't be too worried, I'd imagine the cash drag will be hurrendous until (if) they can bring in a steady stream of borrowers (which I hope they can/do). I wonder if any forumite's money has been lent yet?
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Post by many38 on Jan 8, 2018 12:13:09 GMT
nsiam - Are you the also responsible for updating the website? If not, how many people are employed looking after this. The reason I ask, is and if I sound blunt I apologise, is that your English here has a few 'ouch' typos and usage of grammar. Now on a forum, we can be relaxed about this, but probably not on a commercial website. The errors are quite similar, so do you update the site as well? If so you might want to get a proof reader.
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Post by many38 on Jan 8, 2018 12:21:56 GMT
nsiam - Are you the also responsible for updating the website? If not, how many people are employed looking after this. The reason I ask, is and if I sound blunt I apologise, is that your English here has a few 'ouch' typos and usage of grammar. Now on a forum, we can be relaxed about this, but probably not on a commercial website. The errors are quite similar, so do you update the site as well? If so you might want to get a proof reader. I have been reading this thread from page 1 trying to decide whether to dip my toe in the water and was very put off by the number of typos, clearly spelling mistakes and bad grammar by nsiam. I too wonder whether English is not his native language, but as you say puddleduck, if not he should get his posts proofread. One that stood out particularly as it was in BOLD was "This is not an investment advise".
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Post by munchydave on Jan 8, 2018 12:47:36 GMT
Hi to all Recently discovered a P2P site called Welendus. Put £200 in to test it. Seems legitimate but just asking if anyone knows about it and your thoughts. Seems to be into pay day loans. Sounds a bit risky but claims to refund capital if the loan defaults. Too good to be true?
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Post by sayyestocress on Jan 8, 2018 13:04:12 GMT
I too wonder whether English is not his native language Companies house states Egyptian for nationality if that helps.
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