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Post by frederickm on Aug 12, 2020 11:44:40 GMT
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shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
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Post by shimself on Aug 12, 2020 13:41:24 GMT
As the previous owner was a Russian casino owner I had decided that it didn't fit my criteria (ha ha ha, they don't make bargepoles long enough). So maybe it does
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Post by geldregiertdiewelt on Aug 12, 2020 17:30:51 GMT
A platform that is not in oligarch hands is definitely an worth a look. Let's see how their roster of LOs develops.
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shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
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Post by shimself on Aug 13, 2020 12:21:57 GMT
So OK I looked at the mortgage backed loans (all 3 of them), in Spain by Seymoure the subsidiary of Prestamos. All very Spanish. Super LTVs. But looking at Prestamos you discover they are Lithuanian, with a pair of brothers at the helm. The MD of "twinero" has a facebook which puts her in every(?) continent of the world inside the last 3 years, while doing an MBA. Buggerit.
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Post by valueinvestor1234 on Sept 25, 2020 17:22:52 GMT
Apparently the Dutch company sees potential in the platform. This is a big plus when the westerners put trust in easterners. P2P market is over-saturated with many players and surviving in the tough competition is awfully difficult. If a platform does not make any mistakes and attracts institutional backup it may fare quite well. Otherwise, most platforms learn through trial and error. So, I think it is a good thing that the Dutch bought Viventor. I also expect good to come out of new loan originators coming onboard: they look good to me
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