shimself
Member of DD Central
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Post by shimself on Feb 4, 2018 11:51:03 GMT
Well I know they will hate this, but I think that's just tough luck for them, I think we can openly work it out. Feb 4, 2018 10:58:32 GMT 1 stevefindlay said:
Published this weekend in the FT Adviser - some thoughts on some of the activities in P2P lending:
www.ftadviser.com/platforms/2018/02/02/one-in-ten-p2p-platforms-a-danger-to-investors/In which Bondmason reckon only 13 platforms out of the 80 they looked at passed muster (although strangely in July on this board they said 26) I'm just wondering which 13 (or 26). I recently read Collateral (who when I looked I hated). I think they have to do Sancus because they do Invoice Discounting(?). Who else do they use? Equally if not more interesting, who don't they use? |
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Post by dan1 on Feb 4, 2018 12:12:46 GMT
Growth Street was most likely in use several months ago. There was reference to invoicing at ~6% with a provision fund. There are posts on BM board discussing this if I remember correctly.
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Post by stevefindlay on Feb 4, 2018 12:28:26 GMT
I don't mind you trying to work it out.
Just to repeat some reasons we don't publish the platforms we use though:
(1) It is based on our rigorous due diligence and investment expertise - we have met with over 100+ lending partners (including P2P lending platforms) over the last 3 years; we don't intend to share the results of this publicly. There are more new entrants trying to duplicate / replicate what we are doing in some form - e.g. Goji Bond; Orca etc. We have invested a significant amount of time, as well as applied our experienced investment perspective to create a list of preferred platforms. We are not about to let less experienced, new entrants simply copy and paste this.
(2) We reserve the right to change our mind, at any time and without notice.
(3) We don't invest in every loan from approved platforms - so we don't want potential investors to think we are doing 100% of loans from an approved platform.
(4) We get preferential pricing from some platforms. What we see is not available to everyone.
(5) Less than 50% of our platforms are P2P lenders, and many are exclusive relationships (or unique to us). You can't re-create the BondMason portfolio, even if you knew the lending partners.
Over the last 3 years, I think we have publicly disclosed LendInvest, Sancus and LendingCrowd. Maybe one or two others. But we currently have 33 lending partners; and the BondMason platform is well distributed across these.
Our updated stats page should be coming out in the next few weeks. In summary we've now invested in over 6,000 loans and over £35M in the last couple of years.
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archie
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Post by archie on Feb 4, 2018 12:36:20 GMT
I believe they use MT as it was mentioned a long time ago that they had to login to bid like the rest of us.
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IFISAcava
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Post by IFISAcava on Feb 4, 2018 13:10:04 GMT
They've used Bridge Crowd as well
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 4, 2018 13:10:10 GMT
Well I know they will hate this, but I think that's just tough luck for them, I think we can openly work it out. Feb 4, 2018 10:58:32 GMT 1 stevefindlay said:
Published this weekend in the FT Adviser - some thoughts on some of the activities in P2P lending:
www.ftadviser.com/platforms/2018/02/02/one-in-ten-p2p-platforms-a-danger-to-investors/In which Bondmason reckon only 13 platforms out of the 80 they looked at passed muster (although strangely in July on this board they said 26) I'm just wondering which 13 (or 26). I recently read Collateral (who when I looked I hated). I think they have to do Sancus because they do Invoice Discounting(?). Who else do they use? Equally if not more interesting, who don't they use? Thanks for the link shimself. Very interesting article that raises more questions due to the spin put on things by p2pfa and particularly the FCA who both have interests to protect. Steve's attitude has always been that displayed in the article for the 18 months I have been with Bondmason. He was predicting in March/ April last year that some platform failures, in his area of operations, would start to fail this year. In your quest for who bm may or may not invest in then huge chunks of platforms can be removed. Equity lending, loans to businesses outside of property, direct consumer loans and some/ all invoice financing ones, from past comms, for a starter could be removed. Would they go for London centric property loans or high ltv? Probably not. Would they go for black box accounts? Again, probably not. Platforms where defaults, based on a realistic number of days late, are high and rising with little or no sign of recovery actions would probably not make the cut. Now, who is left? Hmmm!🤔
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Greenwood2
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Post by Greenwood2 on Feb 4, 2018 20:51:25 GMT
Also pretty certain they used Saving Stream at one time. And Fiduciam in one of their 'spotlights'.
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Post by stevefindlay on Feb 4, 2018 22:00:40 GMT
Also pretty certain they used Saving Stream at one time. And Fiduciam in one of their 'spotlights'. Fiduciam - yes, we did an article a while back. SS - no.
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Post by df on Feb 4, 2018 22:17:03 GMT
Also pretty certain they used Saving Stream at one time. And Fiduciam in one of their 'spotlights'. Fiduciam - yes, we did an article a while back. SS - no. Thank you for confirmation! I didn't think SS could pass your risk assessment criteria 
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Liz
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Post by Liz on Feb 4, 2018 23:39:56 GMT
They probably passed on ReBS!!!!
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on Feb 5, 2018 0:50:57 GMT
They probably passed on ReBS!!!! What could BM find to concern them at rebs Liz?😉 Ah, just reread how Steve assesses a platform. Silly me👿
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p2pclive
Blockchain specialist
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Post by p2pclive on Feb 9, 2018 16:37:39 GMT
I don't mind you trying to work it out. Just to repeat some reasons we don't publish the platforms we use though: (1) It is based on our rigorous due diligence and investment expertise - we have met with over 100+ lending partners (including P2P lending platforms) over the last 3 years; we don't intend to share the results of this publicly. There are more new entrants trying to duplicate / replicate what we are doing in some form - e.g. Goji Bond; Orca etc. We have invested a significant amount of time, as well as applied our experienced investment perspective to create a list of preferred platforms. We are not about to let less experienced, new entrants simply copy and paste this. (2) We reserve the right to change our mind, at any time and without notice. (3) We don't invest in every loan from approved platforms - so we don't want potential investors to think we are doing 100% of loans from an approved platform. (4) We get preferential pricing from some platforms. What we see is not available to everyone. (5) Less than 50% of our platforms are P2P lenders, and many are exclusive relationships (or unique to us). You can't re-create the BondMason portfolio, even if you knew the lending partners. Over the last 3 years, I think we have publicly disclosed LendInvest, Sancus and LendingCrowd. Maybe one or two others. But we currently have 33 lending partners; and the BondMason platform is well distributed across these. Our updated stats page should be coming out in the next few weeks. In summary we've now invested in over 6,000 loans and over £35M in the last couple of years. I'm sorry but I disagree. You're drinking silly-sauce if you think a child couldn't figure out everything you are doing in 30 seconds with a rubiks cube.
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shimself
Member of DD Central
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Post by shimself on Feb 9, 2018 21:19:20 GMT
.... Our updated stats page should be coming out in the next few weeks. In summary we've now invested in over 6,000 loans and over £35M in the last couple of years. Will your stats tell us about totals for the various categories of loans in trouble please.
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Post by df on Feb 11, 2018 21:12:04 GMT
I don't mind you trying to work it out. Just to repeat some reasons we don't publish the platforms we use though: (1) It is based on our rigorous due diligence and investment expertise - we have met with over 100+ lending partners (including P2P lending platforms) over the last 3 years; we don't intend to share the results of this publicly. There are more new entrants trying to duplicate / replicate what we are doing in some form - e.g. Goji Bond; Orca etc. We have invested a significant amount of time, as well as applied our experienced investment perspective to create a list of preferred platforms. We are not about to let less experienced, new entrants simply copy and paste this. (2) We reserve the right to change our mind, at any time and without notice. (3) We don't invest in every loan from approved platforms - so we don't want potential investors to think we are doing 100% of loans from an approved platform. (4) We get preferential pricing from some platforms. What we see is not available to everyone. (5) Less than 50% of our platforms are P2P lenders, and many are exclusive relationships (or unique to us). You can't re-create the BondMason portfolio, even if you knew the lending partners. Over the last 3 years, I think we have publicly disclosed LendInvest, Sancus and LendingCrowd. Maybe one or two others. But we currently have 33 lending partners; and the BondMason platform is well distributed across these. Our updated stats page should be coming out in the next few weeks. In summary we've now invested in over 6,000 loans and over £35M in the last couple of years. I'm sorry but I disagree. You're drinking silly-sauce if you think a child couldn't figure out everything you are doing in 30 seconds with a rubiks cube. I'm not sure what message you are trying to deliver - what juice, what child? The post you have replied to is not an opinion, but a list of facts. Would you care to elaborate on what exactly do you disagree with in Steve's post?
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shimself
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Post by shimself on Feb 13, 2018 12:04:58 GMT
So far:
DO USE
p2x - Bridgecrowd, Collateral, Growth Street, Lending Crowd, Lendinvest, Moneything, Proplend, Sancus which makes 8 so 8 more p2x to go
non p2x - Fiduciam which leaves another 16 to identify
DON'T USE
SavingStream
Anyone got any to add?
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