Nomad
Member of DD Central
Posts: 727 
Likes: 494
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Post by Nomad on Nov 29, 2020 10:50:42 GMT
This Estonian site came up as a banner ad here on the forum. Has anyone looked into it? "Quanloop is an investment fund dedicated to wholesale funding. We attract capital from investors like you and act as the main source of financing for our commercial finance intermediary partners, such as leasing or factoring companies, crowdfunding platforms, etc. We apply a unique business model by sourcing money for only 24 hours and splitting the capital in need into a myriad of tiny credit agreements, each valued at €1. Every day, our partners source capital from Quanloop by introducing projects (loans, assets, etc.) they wish to finance. Following a strict filtering programme, we accept the projects for wholesale funding and prepare to pool funds from our investors. The projects being financed by Quanloop act as collateral for the money borrowed from you and other investors. To avoid complex legal structures for collateral management, Quanloop pledges its capital to investors — so each Euro you invest is covered by a weighty portfolio which is under our management. " www.quanloop.com/en/
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Nomad
Member of DD Central
Posts: 727
Likes: 494
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Post by Nomad on Dec 25, 2020 9:08:55 GMT
End of year summary received -
› 183 loans funded
› 9 870 € was our average loan principal in 2020
› 66 722 € paid out as interest to our investors
› 11 960 € paid out as cashback to cover the inflation loss of our investors
› 13.7% was the average interest rate during 2020
› 0.95M € we borrow from our investors daily
› 1.2M € capital financing is our next milestone
› 1M € capital balance has been exceeded on the 22nd of Dec 2020
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Post by geldregiertdiewelt on Jan 1, 2021 17:36:25 GMT
W.T.F. is "cashback to cover the inflation loss" supposed to be?
Besides this small detail: I suggest to be very careful here. You immediately discover some details on their website that don’t seem to make sense:
At first glance this seems to be about loans, but you then find under “About Quanloop” and “Legal structure” some explanations that could mean you are buying parts of “an investment vehicle designed for private equity, venture capital investments or investments in a variety of assets, often with complex portfolio-construction and risk-management techniques“. But there is also language about a fund manager „Bondkick“ and one or several unnamed „general partner“(s). Bondkick doesn’t seem to have a working website at the time of this writing, and in their LinkedIn profile they describe themselves as “blockchain investment funds manager and syndicated capital distributor“. So whatever it may be you are investing in here, it’s most likely not loans in the sense of what other established p2p platforms are offering.
Further, their concept seems to be to let the investor decide what the right interest rate may be for the investment. This has been tried several times before and there is a lot of literature available showing that it does not work, at least not for the investor. The reason is the asymmetry of information. That’s why, e.g. for bonds, the entity that is asking for investor money provides a set of information and an offered interest rate (together: the prospectus), and then investors can make a decision whether to invest in that risk or not.
What Quanloop seems to be doing is provide no information and let the investor guess what might be the right interest rate for that (unknown) risk.
I would stay away.
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Nomad
Member of DD Central
Posts: 727
Likes: 494
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Post by Nomad on Dec 25, 2021 15:52:51 GMT
Another year without any problems. Their annual report - 376 more loans funded (+100% vs 2020) 17.5k € was our average loan principal in 2021 (+75%) 327k € paid out as interest to our investors (+390%) 105k € recovered from inflation loss to our investors (+732%) 14.3% was the average interest rate during 2021 (+0.5%) 4.5M € we borrow and repay to our investors daily (+362%) 5.1M € capital financing is our next milestone (+333%) |
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Post by captainconfident on Dec 28, 2021 13:57:43 GMT
Did you invest, @nomad ? How has it gone for you? I'm intrigued, now that this platform has established the beginnings of a track record.
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Nomad
Member of DD Central
Posts: 727
Likes: 494
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Post by Nomad on Dec 29, 2021 21:03:37 GMT
Did you invest, @nomad ? How has it gone for you? I'm intrigued, now that this platform has established the beginnings of a track record. Yes, I've gradually added and all is going smoothly (as platforms do until they don't anymore!).
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Quanloop
Feb 15, 2023 9:00:03 GMT
via mobile
Post by khampson on Feb 15, 2023 9:00:03 GMT
Do you still invest with Quanloop, how is it going
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Nomad
Member of DD Central
Posts: 727
Likes: 494
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Post by Nomad on Feb 15, 2023 19:24:07 GMT
Do you still invest with Quanloop, how is it going? Working fine for me.
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Post by smartmum on Nov 1, 2023 8:49:42 GMT
I have just started investing in quanloop, will keep you posted on my progress.
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