merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
Likes: 302
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Post by merlin on Dec 27, 2014 22:12:45 GMT
I am a bit surprised that there has been no mention on here about the above marriage/union of these businesses and what the implications are for current investors in Assetz. The union was announced just before Christmas on Altfi so it is not a secret. It is my understanding that IFG is a USA business mainly concerned with invoice discounting or something similar. So could this be the next direction that Assetz is moving towards after BL's and windmills. I believe there was mention the Assetz Press release that opportunities for investors would be available yielding 10% pa gross.
So who's got the lowdown on this deal or hasn't one been worked out yet?
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Post by Ton ⓉⓞⓃ on Dec 27, 2014 22:37:58 GMT
I am a bit surprised that there has been no mention on here about the above the marriage/union of these businesses and what the implications are for current investors in Assetz. The union was announced just before Christmas on Altfi so it is not a secret. It is my understanding that IFG is a USA business mainly concerned with invoice discounting or something similar. So could this be the next direction that Assetz is moving towards after BL's and windmills. I believe there was mention by Assetz that opportunities for investors would be available yielding 10% pa gross.
So who's got the lowdown on this deal or hasn't one been worked out yet? The article being www.altfi.com/news/631 and www.digitaljournal.com/pr/2410032In Edit; Blog entry What do you get when you cross a bank with a peer-to-peer lender?
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Dec 27, 2014 23:36:45 GMT
I am a bit surprised that there has been no mention on here about the above the marriage/union of these businesses and what the implications are for current investors in Assetz. Looks like it won't be long before AC have a Invoice Finance Investment Account to offer alongside their MLIA and GEIA. Will that arrive before or after the Bespoke Investment Accounts? Or perhaps they'll arrive together with the IFIA being one of the options within the BIA. Another obvious question would be whether the IFIA will have a PF -- either mandatory or optional.
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Post by yorkshireman on Dec 28, 2014 0:10:36 GMT
Probably ripped off. 
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koba
Posts: 45
Likes: 13
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Post by koba on Dec 28, 2014 8:46:36 GMT
The devil will be in the details but I, for one, am willing to give it a try. If done properly (a big if) it would offer me a chance to reduce my reliance on bricks and mortar for security.
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Post by mogzi on Dec 28, 2014 10:26:01 GMT
I am a bit surprised that there has been no mention on here about the above the marriage/union of these businesses and what the implications are for current investors in Assetz. The union was announced just before Christmas on Altfi so it is not a secret. It is my understanding that IFG is a USA business mainly concerned with invoice discounting or something similar. So could this be the next direction that Assetz is moving towards after BL's and windmills. I believe there was mention by Assetz that opportunities for investors would be available yielding 10% pa gross.
So who's got the lowdown on this deal or hasn't one been worked out yet? Looks like a franchise deal: interfacefinancial.co.uk/page/opportunity/50-50Franchise
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bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
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Post by bugs4me on Dec 28, 2014 11:05:24 GMT
The devil will be in the details but I, for one, am willing to give it a try. If done properly (a big if) it would offer me a chance to reduce my reliance on bricks and mortar for security. Agreed, the details will be important especially (or if) this will be short term finance. Will be interesting to see how the security aspect for these types of loans is implemented. All reading between the lines stuff ATM.
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Post by jevans4949 on Dec 29, 2014 9:37:51 GMT
It will probably have to be some sort of automatic investment machine. I can't see it working on an explicit invoice-by-invoice basis, given the very short-term nature of the finance.
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Post by geoffrey on Dec 29, 2014 12:59:36 GMT
I wouldn't want any protection fund. Why not?
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Post by geoffrey on Dec 30, 2014 16:58:31 GMT
I'm not relying on AC returns for my living expenses so I don't need to pay the premium to avoid risks. OK, but it would be good to have it as an option, as with the GEIA, so that those who do want extra capital protection can have it if they wish. Those who don't need the extra protection can invest in such loans via MIA.
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Post by stuartassetzcapital on Dec 30, 2014 17:59:16 GMT
Hi all
Just to summarise, this is a JV in UK and Europe initially to offer Invoice Discounting as an AC borrower product and to fund it through our platform. It will get quite large over the next year or two and should provide significant latent liquidity for investors given the average 42 day funding cycle for an invoice. The comments on needing to automate this through one or more Investment Accounts are correct as reviewing individual transactions is not practical for many people and given the decades of experience in ID that IFG bring to the table, not to mention the seriously detailed credit underwriting systems and process that they have built this should be a great investment product for both you and us.
Stuart
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Post by bracknellboy on Dec 30, 2014 18:08:59 GMT
stuartassetzcapital: I'd like to just offer my thanks (and I suspect I speak on behalf of many forum members but I won't be that presumptious) for your taking the time, but also for the time taken by the broader AC team, to monitor and post to the forum. I know that the involvement of AC staff here is not just a one way benefit as AC also benefit from the dialogue with and contributions from forum members, but nonetheless the effort which the team take to keep up comms here is welcomed. Esp. given that sometimes it must feel a like a bit of a torrent. Happy New Year to all at @ AC.
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Post by stuartassetzcapital on Dec 30, 2014 18:25:41 GMT
bracknellboy Hi, thanks for your comments. We may be busy and we may be getting quite big but we are only here if we deliver what investors need and want so listening and understanding views is very important to us and this forum really helps. Torrents just need managing and are an indicator of strong views so especially helpful. Hope you have a great New Year and the same to all our investors !
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Post by stuartassetzcapital on Jan 2, 2015 16:47:18 GMT
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koba
Posts: 45
Likes: 13
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Post by koba on Jan 2, 2015 17:01:57 GMT
"Returns for a specific invoice discount product are estimated to be 5-7 per cent a year, with a contingency fund to cover losses." If this is true, then count me out. 8-10% with a contingency fund or 10%+ without is my bottom line.
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