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Post by kristjan on Apr 6, 2016 9:32:14 GMT
Hello everybody! I am Kristjan, the Investor Community Manager at Investly. I've been waiting for the admins/mods to confirm my profile for a while but it's finally done. I'm happy to answer all of your questions, either publicly or via private message. I would like to share our first quarter statistics with you. As you know, we started offering invoice financing in to Estonian and UK businesses in January. Because UK was a brand new market for us, it took a bit of time get started (first invoice sold in March). In Estonia, the pace was a bit slow at first, but we've been picking up speed every month. Definitely exciting times for all involved. So, here are the data on all invoice sold so far (from: investly.co/2016/04/04/investly-first-quarter-review/)Invoice discounting (Estonia), Q1 2016 total volume: €60,232 average annual yield*: 11.79% average duration*: 24 days average yield per 30 days: 0.97% (11.79%*30/365) repaid: 6 (out of 12 sold) default rate: 0% Invoice discounting (United Kingdom), Q1 2016 total volume: £7,853 average annual yield*: 15% average duration*: 41 days average yield per 30 days: 1.23% (15%*30/365) repaid: 0 (out of 2 sold) default rate: too early to tell, due dates are in April *All the average are weighted, yield calculations are net of defaults. You will find charts from our official blog link above. Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on May 2, 2016 12:22:00 GMT
Data for April 2016. First €100k+ month for us. First of many. All yields and duration shown below are weighted averages. investly.co/2016/05/02/april-2016-overview/Invoice discounting (Estonia) total volume: €186,186 April volume: €125,954 average yield per 30 days: 1.31% average annualized yield: 15.98% average duration: 35 days repaid: 10 (out of 21 sold) default rate: 0.00% Invoice discounting (United Kingdom) total volume: £10,444 April volume: £2,591 average yield per 30 days: 1.23% average annualized yield: 15% average duration: 43 days repaid: 1 (out of 3 sold) default rate: 0.00% Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on Jul 4, 2016 12:14:46 GMT
MAY VOLUME UPDATE Invoice discounting (Estonia) - May volume: €83,898
- total volume: €270,084
- average yield per 30 days: 1.29%
- average annualized yield: 15.70%
- average duration: 39 days
- repaid: 17 (out of 31 sold)
- default rate: 0.00%
Invoice discounting (United Kingdom)- May volume: £12,132
- total volume: £23,121
- average yield per 30 days: 1.18%
- average annualized yield: 14.32%
- average duration: 30 days
- repaid: 3 (out of 4 sold)
- default rate: 0.00%
Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on Jul 4, 2016 12:16:40 GMT
JUNE VOLUME UPDATE: LINK: Investly invoice trading updateInvoice discounting (Estonia) - June volume: €259,822
- total volume: €529,907
- net return per 30 days: 1.24%
- net annualised return: 15.1%
- average duration: 31 days
- repaid: 24 (out of 48 sold)
- default rate: 0.00%
Invoice discounting (United Kingdom) - June volume: £21,884
- total volume: £44,461
- net return per 30 days: 1.25%
- net annualised return: 15.20%
- average duration: 28 days
- repaid: 5 (out of 12 sold)
- default rate: 0.00%
Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on Aug 8, 2016 7:56:08 GMT
Here's a quick data update. Duration and return figures are weighted averages. The full dataset is available here. Invoice discounting (Estonia)
- July volume: €347,000
- total volume: €877,000
- net return per 30 days: 1.21%
- net annualised return: 14.73%
- average duration: 31 days
- repaid: 40 (out of 67 sold)
- default rate: 0.00%
Invoice discounting (United Kingdom) - July volume: £30,000
- total volume: £78,000
- net return per 30 days: 1.34%
- net annualised return: 16.35%
- average duration: 30 days
- repaid: 10 (out of 18 sold)
- default rate: 0.00%
Your capital is at risk. Past performance is not necessarily a guide to future performance.
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Post by kristjan on Oct 6, 2016 7:09:43 GMT
Looks like I forgot to post an update for August. Here is August and September in one release.
Invoice discounting (Estonia)
August volume: €347,000 total volume: €1,224,000 net return per 30 days: 1.17% net annualised return: 14.24% average duration: 29 days repaid: 62 (out of 88 sold) default rate: 0.00%
Invoice discounting (United Kingdom)
August volume: £25,000 total volume: £102,000 net return per 30 days: 1.31% net annualised return: 15.95% average duration: 32 days repaid: 16 (out of 27 sold) default rate: 0.00%
SEPTEMBER
Invoice discounting (Estonia)
September volume: €524,000 total volume: €1,748,000 net return per 30 days: 1.13% net annualised return: 13.8% average duration: 30 days repaid: 85 (out of 122 sold) default rate: 0.00%
Invoice discounting (United Kingdom)
September volume: £39,000 total volume: £141,000 net return per 30 days: 1.25% net annualised return: 15.2% average duration: 32 days repaid: 22 (out of 32 sold) default rate: 0.00%
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Post by buttchopf23 on Oct 6, 2016 8:10:39 GMT
Congrats to the increase.
Please let us know the figure of the overdue invoices.
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Post by kristjan on Oct 6, 2016 8:47:56 GMT
Congrats to the increase. Please let us know the figure of the overdue invoices. Currently the overdue rate is 1.1% for the UK and 1.2% for Estonia. I should mention that this takes into account even one day delays in payment and most invoices that are late are paid within a week (4 out of the 95 repaid invoices have taken more than a week to clear). Investors receive penalties for delays at the same rate as the auction interest rate.
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Oct 6, 2016 8:59:44 GMT
I have over 7% overdue level.
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Post by kristjan on Oct 6, 2016 9:05:23 GMT
I have over 7% overdue level. The figures I cited are for the whole portfolio and are weighted. Your personal overdue rate depends on your diversification level. The growth in the number of sellers and invoices being sold will definitely help you diversify, thus bringing individual overdue rates closer to the platform average. That is in part contingent on the sophistication of the autobidder. We're aware of the current limitations of the autobidder and will start working on improvements once our new website is ready (should go up within a month).
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Post by kristjan on Nov 3, 2016 15:21:31 GMT
Invoice discounting (Estonia) month volume: €655,000 total volume: €2,403,000 net return per 30 days: 1.10% net annualised return: 13.4% average duration: 29 days repaid: 122 (out of 164 sold) default rate: 0.00%* overdue rate: 0.05%* Invoice discounting (United Kingdom) month volume: £26,000 total volume: £167,000 net return per 30 days: 1.13% net annualised return: 13.7% average duration: 33 days repaid: 28 (out of 39 sold) default rate: 0.00%* overdue rate: 0.00%* *If you take our current definitions, then the overdue rate is 0.05%. If you take the definitions supplied by P2PFA, then the overdue rate is 0.02% and the default rate 0.03% (the defaulted invoice is in recourse status, we expect payment next week from the invoice seller). P2PFA specifies that a loan should be counted as defaulted if it's 120 days overdue regardless of the payment status or agreement in place (i.e. new payback schedule) for repayment. Going forward we will be implementing P2PFA definitions to overdue and defaulted invoices in order to make our platform comparable to other platforms (the rules are available here: p2pfa.info/data). When we communicate the overdue and default rates, we want to make sure the definitions are applied to invoices in the portfolio view as well. Currently the portfolio view and the report supplied above takes into account old definitions. We should have P2PFA definitions applied to our data within a month. The figures for UK are the same according to our and P2PFA definitions.
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Post by kristjan on Dec 8, 2016 12:30:32 GMT
Invoice discounting (Estonia)
month volume: €802,000 total volume: €3,206,000 net return per 30 days: 1.06% net annualised return: 12.95% average duration: 32 days repaid: 165 (out of 210 sold) default rate: 0.02%*
Invoice discounting (United Kingdom)
month volume: £104,000 total volume: £271,000 net return per 30 days: 1.07% net annualised return: 12.96% average duration: 34 days repaid: 39 (out of 64 sold) default rate: 0.00%
*The defaulted invoice was paid off at the beginning of December (along with overdue fees). Investors have not lost principal or interest on any invoices to date.
An invoice is considered defaulted when more than 120 days have passed since the original payment date or we have reason to believe the debt will not be repaid. An invoice will be counted as overdue when it's been more than 45 days since the original payment date. The website flags an invoice as being overdue as soon as one day has passed from the payment date. In these cases, the invoice is usually cleared in a few days to two weeks.
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Post by kristjan on Jan 5, 2017 10:06:14 GMT
We will soon be launching a paid referral scheme to help bring in new businesses. This means you and your friends can earn a bit of extra income by referring your business contacts to Investly. The scheme should be ready in a week or two, detailed information will follow after that.
Invoice discounting (United Kingdom)
month volume: £94,000 total volume in 2016: £365,000 historical annualised return: 13.0% average duration: 32 days repaid: 59 (out of 76 sold) overdue rate*: 0.00% default rate*: 0.00%
Invoice discounting (Estonia)
month volume: €600,000 total volume in 2016: €3,808,000 historical annualised return: 12.4% average duration: 32 days repaid: 201 (out of 258 sold) overdue rate*: 0.27% default rate*: 0.00%
* When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted.
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Post by kilozulu on Dec 22, 2017 20:43:36 GMT
We will soon be launching a paid referral scheme to help bring in new businesses. This means you and your friends can earn a bit of extra income by referring your business contacts to Investly. The scheme should be ready in a week or two, detailed information will follow after that.
Invoice discounting (United Kingdom) month volume: £94,000 total volume in 2016: £365,000 historical annualised return: 13.0% average duration: 32 days repaid: 59 (out of 76 sold) overdue rate*: 0.00% default rate*: 0.00% Invoice discounting (Estonia) month volume: €600,000 total volume in 2016: €3,808,000 historical annualised return: 12.4% average duration: 32 days repaid: 201 (out of 258 sold) overdue rate*: 0.27% default rate*: 0.00% * When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted. Is the platform still alive? No statistics posted since Jan, couldn't find anything also on website
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ali
Member of DD Central
Posts: 313
Likes: 311
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Post by ali on Dec 22, 2017 20:51:57 GMT
Latest newsletter I can find on email is from June 2017: A few months ago one of our investors suggested we introduce debtor limits to the autobidder. We had discussed this option with our team earlier, but now we decided to commit this into code. The debtor limit lets investors limit their exposure to any single debtor, thereby improving the diversification of investors' portfolios. For example: You bid size is 100 and you set your debtor limit to 500. Your portfolio already has 400 pounds worth of invoices that is due to be paid by Retail Goods Ltd (not a real name). If a new invoice goes on sale, your bidder will make a bid for 100 euros. However, if you portfolio has 500 pounds worth of invoices, no bids will be made. We're currently waiting for the lawyers to update the contracts. Once that is done, the new feature will go live! Data for June: Invoice discounting (United Kingdom)- month volume: £194,000
- historical annualised return: 13.24%
- average duration: 33 days
- repaid: 155 (out of 202 sold)
- overdue rate*: 0.70%
- default rate*: 0.72%
Invoice discounting (Estonia)- month volume: €710,000
- historical annualised return: 11.13%
- average duration: 33 days
- repaid: 576 (out of 667 sold)
- overdue rate*: 1.79%
- default rate*: 0.22%
* When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted. Regards, Team Investly
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