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Post by wiseclerk on Jan 12, 2016 8:39:59 GMT
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Post by captainconfident on Jan 15, 2016 16:17:11 GMT
Me too. It was accepted, but the wasn't really sure what the term or conditions of this lend are. Are we expecting this money back pretty soon?
In fact, Investly has EXPLODED into life, with three new p2b loans, and most of last years late layers whipped back into correctness. What with the new and much better UI and new flow of loans, the staff seem really committed to expansion and Investly looks like it could become a contender.
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Post by wiseclerk on Jan 18, 2016 8:53:16 GMT
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Post by wiseclerk on Jan 20, 2016 15:24:33 GMT
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Post by captainconfident on Jan 20, 2016 15:31:53 GMT
Thanks for the heads up, WC. Now I ask myself: was it worth putting my 100 euros at risk for 66 cents interest? I don't think I've quite understood the economics of invoice finance yet.
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Post by wiseclerk on Jan 20, 2016 16:34:18 GMT
Thanks for the heads up, WC. Now I ask myself: was it worth putting my 100 euros at risk for 66 cents interest? I don't think I've quite understood the economics of invoice finance yet. Can't answer the risk part for you. But the economics is pretty simple in my opinion. We got 15% interest p.a. But the loan ran only about 16 or 17 days. Not sure about the exact calculation parameters but with 16 / 360 * 0.15 * 100€ I get 0.66€, so everything seems okay for me. Of course for this to be commercially viable I would have to constantly reinvest in invoice finance loans. Just imagine you had 50 of these running in parallel, each with 100 Euro invested.
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Post by wiseclerk on Jan 29, 2016 20:00:52 GMT
There is a second invoice up at Investly now. I don't not have much cash sitting in my account and could only make a small bid.
The maximum interest rate is 19.9% but as the amount on offer is small and it is already 100% filled after a few hours I expect that to fall further during the remaining auction time.
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Post by wiseclerk on Feb 10, 2016 15:23:27 GMT
For those not getting the Investly newsletter. 3 new invoice auctions opened today.
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Feb 12, 2016 6:55:22 GMT
Closed at very low rates... The lower the amount, the lower the rates will gona be.
By the way, how much companies pay in total for investly's service?
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Post by wiseclerk on Feb 12, 2016 8:08:18 GMT
On the invoices? 0.5%
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Post by captainconfident on Feb 12, 2016 19:56:20 GMT
Auto invest needed to make this invoice business worth the time.
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Feb 15, 2016 8:36:15 GMT
For the time being, I decided to docus on mintos invoice offerings. It takes too much time to play in Investly and get outbidded.
Investly, when do you plan to introduce auto investment profile?
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Post by kristjan on Apr 6, 2016 9:35:36 GMT
For the time being, I decided to docus on mintos invoice offerings. It takes too much time to play in Investly and get outbidded. Investly, when do you plan to introduce auto investment profile? Hello, First, I'm sorry about the long time it took us to reply. I registered as a user and have been waiting for confirmation to represent Investly. It's now done and I'll be actively participating, answering all questions. As to your question: we have it planned, but we don't have a date for it. It depends on the volume. It didn't make sense to devote developing time on it at first, as the volume was still very low. However, the volume has been picking up recently (have a look: p2pindependentforum.com/thread/5010/investly-statistics). I can't promise you a specific date, but I will let you know once we've started developing it.
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Apr 6, 2016 17:52:38 GMT
Thanks Kris. I really welcome increased number of offerings on Investly!
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Post by kristjan on Apr 7, 2016 17:19:50 GMT
Investly, when do you plan to introduce auto investment profile? I'm glad to announce that we've started working on the Beta version of the portfolio manager (automatic bidder). Beta means that it's going to be a stripped down version of the final product, ie very simple with no bells and whistles. As soon as the Beta version is deployed, we will start working on the final product.
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