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Post by MoneyThing on Mar 17, 2016 12:43:21 GMT
I remember discussing this very early on with AltFi but at the time we didn't meet the minimum requirement by way of total originated lending. I have just had a brief look and see that it is a minimum of £5m so perhaps worth looking at this again. Thanks for the reminder! Regards, Ed. Afternoon. Just a note to say that we will be listed for the first time on the AltFi index within the next few days and also P2P Banking in April. Regards, Ed.
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Post by wiseclerk on Apr 4, 2016 7:35:06 GMT
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Liz
Member of DD Central
Posts: 2,426
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Post by Liz on Apr 4, 2016 12:28:27 GMT
Why is Funding Secure n/a? Also 'Total Loanbook' would be useful to know.
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Post by wiseclerk on Apr 4, 2016 14:35:06 GMT
Why is Funding Secure n/a? Because I can't get the lastest figures in time for publication www.fundingsecure.com/investors/statistics is still showing February. They will eventually update that, but I would need to delay for days just to wait on FS
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Post by wiseclerk on May 3, 2016 10:39:58 GMT
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Post by wiseclerk on Jun 2, 2016 7:32:55 GMT
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Post by wiseclerk on Jul 4, 2016 6:48:12 GMT
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jonah
Member of DD Central
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Post by jonah on Jul 5, 2016 5:06:55 GMT
The things I take from those figures....
There are a lot of platforms... I would be stunned if there wasn't some consolidation in the reasonably near future.
there feels to be a growing gap between the large and not large turnovers. Not sure if 10m is the magic number but it could be.
Some platforms seem to be very lumpy. ReBS down to zero for example, seems to me to be potentially a worry.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jul 5, 2016 8:07:25 GMT
I notice Wellesley is well down. Too much money .... withdrawal of any product offering over 3.75% .... no TV adverts for a few weeks.
Maybe they've overstretched and can't get enough projects to lend on.
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Post by Deleted on Jul 5, 2016 8:19:04 GMT
What is interesting to see is that customers (lenders and borrowers) follow the competitve market place. So unlike the banking system there is no loyalty-trap. If a portal becomes unattractive it starts a slide, if it becomes more attractive it grows. However, there are lagging systems, for instance, if a portal's secondary market is not very active then lenders will not rapidly leave a portal but might slowly disengage. In fact, again unlike a bank, there is no de-merit for exiting slowly or entering slowly.
What is noticeable is that very few portals actively build barriers to entry for their customers. Those that do are not doing well, who would have guessed?
If I could ask anything of this information, I would also like to know the total live loans for each portal. Hence, if I saw a big lender suddenly fail to lend in a month I would know there is a problem. Oh, and totals at the bottom of columns please. Finally default rates that the lenders have to pick up would be fantastic but then maybe too much to ask.
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Jul 5, 2016 8:40:04 GMT
How do you calculate your columns? It looks to me that the vs previous month column uses local currency numbers rather than the EUR number. For example, Zopa has reduced its loans from Eur 67m to Eur 65m this month, and yet you are showing a 4% increase, hence my assumption above. Is this correct?
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Post by easteregg on Jul 5, 2016 8:41:56 GMT
... If I could ask anything of this information, I would also like to know the total live loans for each portal. Hence, if I saw a big lender suddenly fail to lend in a month I would know there is a problem. Oh, and totals at the bottom of columns please. Finally default rates that the lenders have to pick up would be fantastic but then maybe too much to ask. Only a subset of companies publish their active loan book, and I believe this to be a much more important metric than monthly loan volume. If a company A is providing shorter term loans and company B is providing longer term loans then assuming they have equal invested funds, company A will be publishing higher monthly volumes. It isn't possible to compare companies loan book value based solely on monthly volume or cumulative monthly volume, but it is an easy metric to track and it can only go up rather than down.
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Post by easteregg on Jul 5, 2016 8:43:45 GMT
How do you calculate your columns? It looks to me that the vs previous month column uses local currency numbers rather than the EUR number. For example, Zopa has reduced its loans from Eur 67m to Eur 65m this month, and yet you are showing a 4% increase, hence my assumption above. Is this correct? The EUR to GBP has changed over a month following the vote to leave EU, so I would assume that to be the cause.
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Post by wiseclerk on Jul 5, 2016 8:57:04 GMT
How do you calculate your columns? It looks to me that the vs previous month column uses local currency numbers rather than the EUR number. For example, Zopa has reduced its loans from Eur 67m to Eur 65m this month, and yet you are showing a 4% increase, hence my assumption above. Is this correct? Yes, the percentage changes use local currencies.
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Post by wiseclerk on Aug 2, 2016 8:24:01 GMT
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