July has been an excellent month, with a return of 8.3% (compared to 7.2% in June). In fact, July has been the second best month (in terms of monthly return rate). P2P Crowdlending platforms and P2B Crowdlending platforms have improved their performance compared to June, up to 13.8% and 9.5%, respectively, unlike Real Estate Crowdfunding platforms that have dropped to 4%.
Main news on my portfolio
The main news of the month are:
- I’ve added to the analysis my most recent platforms: Kuetzal (April), Crowdestor (April) and Reinvest24 (May).
- I am exploring new platforms to invest in the coming weeks: Bricktarter, Wisefund and Monethera. Anyone have experience with any of them (or any other)?
- For the first time, I have decreased my positions on several platforms to buy a flat. I have decreased my positions on platforms with Cash Drag in which I had money that was not being invested (Envestio, Bulkestate and Inveslar), I have continued my divestment on platforms that I’m not 100% convinced about (Fellow Finance and Finbee) and I have reduced positions on overrepresented platforms in my portfolio (Mintos). By the way, no problem with any of the platforms when transferring funds to my bank account. In the coming months I will begin to divest in Housers (also currently overrepresented). I have increased my positions only on my most recent platforms (Kuetzal and Crowdestor).
- I have changed my investment strategy in NEO Finance. Hopefully results will improve…
- The best platforms in terms of XIRR are 1) real estate (now operating through the SociosInversores.com platform) and Estateguru; 2) P2B: Envestio; and 3) P2P: Finbee, Grupeer and Fast Invest.
- The best monthly returns were 1) real estate: Bulkestate and Estateguru; 2) P2B: Kuetzal; and 3) P2P: Finbee, Grupeer and Twino.
- For Mintos, I present the combined returns (all currencies, taking into account the exchange rate), as well as the return rate separately for each currency (without applying the exchange rate).
- To compare all platforms, check my Comparator.
- The gray shading indicates inflated returns due to specific promotions, while the yellow shading shows that the returns are likely to be lower due to unpaid or delayed projects without a final decision.
All interests are calculated before deducting taxes.
Delays and defaults
- Worrying situation in Housers, although it has improved, since some of the projects that were listed as defaults resumed payments last month.
- Also the situation has improved in Flender, which has stabilized with five defaults.
- Brickowner remains with two delayed projects.
- Improvement in Estateguru, where one of the defaulted loans was resolved.
- Linked Finance slightly improves to six defaults and maintains five delays.
- The delays and defaults of Finbee are within the expected, being a platform without Buyback. The case of Fellow Finance is a bit more worrying, given that the defaults are not compensated so far with the profitability of the active loans.
- The “delays” of real estate platforms as Inveslar are not surprising either – property sales take time and so far delays are only a couple of months late. In the case of Privalore it starts to be worrisome since they are already several months old and affect 4 of my 6 active investments.
- CrowdEstate does not allow to easily check for delays. There are some, but it is difficult to define how many unless one consults each project one by one.
- To compare all platforms, check my Comparator.
*Variation in the number of active projects from last month; I only include platforms without Buyback; Green if the parameters (delays and defaults) have improved compared to last month and red if they have worsened.
** NEO Finance does not allow to check for historic defaults, i.e. once sold (with penalty).
Real Estate Crowdfunding:
Brickowner
In Brickowner, since all the investments are long-term and paid in full at the end of the project, my profitability remains at zero (since I started operating with the platform in May 2018). In April, I experienced the first two delays.
After rapid growth in 2018, Brickowner has opened an investment round in 2019 on Seedrs.
In Bulkestate, being all investments long-term and paying in full at the end of the project, I saw no returns until December, when my first two projects ended. The return rates are excellent (always above 13%) and historically there are 0% defaults, so my strategy is to continue investing in each new project.
In June, I finally managed to reinvest all the money I have in my portfolio (see second chart), so returns have increased this month. The net annual return offered by CrowdEstate, taking into account just the return rates of already reimbursed projects (26) is 13.9%. I’m still really satisfied, especially with the timeliness of payments and absence of defaults so far.
In July, I have experienced my first two delays at Crowdestate. At the moment only a few days, so lets hope they will be resolved soon.
My strategy is to continue investing in each new project, except those funded in several stages ( “Multiple rounds investing”), as I believe it goes against the principle of diversification. Basically it would mean investing several times on the same project.
In June, Crowdestate announced that they will offer to diversify portfolio for the investors in Georgia. Also, they announced that they are slowly experimenting with an interest auction solution instead of the usual pre-booking so that projects are not so extremely over funded. Finally, they have written an overview of all the Risk Rating’s parameters here.
In Estateguru, the net annual return offered by the platform, taking into account only the returns of already reimbursed projects, amounts to an impressive 14.1%. The delays of Estateguru, remain in their usual figures, about 5% of the loans (6.6%), and the defaults jumped from 4 to 5 (1.1%), , despite the fact that previously defaulted Kiviloo Manor was resolved (paid).
My strategy is still to invest in each new project, except in those funded through several tiers (in which I only I invest in one, usually the first, of the tiers).My strategy is still to invest in each new project, except in those funded through several tiers (in which I only I invest in one, usually the first).
Estateguru offers a 0.5% refund on all investments made in Lithuanian loans during August.
In june, EstateGuru announced the new possibility to download your account statement.
In May, EstateGuru announced that investors have provided more than €113 million to Baltic businesses. Over 23,000 investors have joined the EstateGuru platform. More than €6.8 million interest earned by investors. Also, the historical LTV for all funded loans remains under 58%, showing the conservative nature of our EstateGuru’s management.
Worrying situation in Housers, although it has improved, with two of the projects previously listed as defaults resuming payments. Most of the fixed-rate projects with defaults have reached agreements to new payment schedules that include late payment interest. Savings or investment projects that used to be paid even several months ahead of schedule are now systematically delayed. As a result, the monthly benefits for July have fallen to 2.6%, the lowest since 2017. I have decided to change my strategy: reduce my investments to 100 Euro per project, operate more in the secondary market, and gradually reduce my positions , which are largely overrepresented (35% of all my crowd investments).
EARLYIELD is a new functionality launched in July that will be applied to all on-sale projects. It means that from the moment you make your investment in any of the opportunities, you will get an annual return of 10% until the moment the project is financed.
Another new July feature is the Flex Contracts, which only apply to development loan opportunities, specifically for the investment as well as promotion modality. The Flex Contract has a duration of 12 months that can be expanded up to 6 months more. These contracts will be available in some projects that will be published on the platform, starting from the 1st of July 2019. The Flex type of contract has been created in order to give more flexibility to those projects that can risk being subjected to delays, mostly due to reasons that don’t directly depend from the project developer, e.g. delays in the licenses’ assignation from the City Councils or to delays in the construction for reasons that are not directly connected to the developer. Therefore, the Flex contracts give more flexibility to project developers, enabling them to ask for an additional period of 6 months. However, the contract’s extension has a benefit for the investor as well: when a project is prolonged, the investors will benefit from an increase in their yields. In addition, the funds will be paid 6 months later compared to when they had to be paid originally.
In May, Housers turned four years old. Housers finances projects in three countries (Spain, Italy and Portugal), has more than 106,000 registered users on the platform from 155 different countries. Investors have invested in the platform more than 83 million euros and the promoters have returned more than 28 million Euro between yields and returns of capital.
In Inveslar, most projects are quite long term, so the benefits are mainly from the rentals. A project was sold/finalized in June.
Inveslar, like Housers, seems to have definitely shifted in terms of the type of projects offered to fixed rate mortgage loans, as opposed to the savings or investment projects they used to offer.
Privaloreoffers only investment opportunities (rehabilitation), which translates into very unreliable returns. Since over one year (March 2018), the platform offers only opportunities in Madrid, whereas previously it focused exclusively on Barcelona. The biggest downside is that four of my five active investments are quite late (two of them for over one year), so I have decided not to invest in any new project until the delayed ones catch up. In any case, the platform hasn’t listed any new projects for months now (since February!).
In July, the Privalore Ayala 117 project has finally been sold, although with minimal benefits due to the accumulated delay.
Reinvest24 It is my most recent platform. It’s a real estate crowdfunding platform, whose projects generate benefits for both rent and capital gains when selling (none yet).
It is too early to judge. I’m satisfied overall, although I have only managed to invest in two projects, which are financed very slowly (2-3 months). On a positive note, some projects begin to generate benefits from the moment of investment, before the project is fully funded. Nor is there a great offer of new projects, although the platform has already financed 9 projects in its short history with estimated returns between 11 and 15%. Another downside is the 2% commission charged when investing, so at the moment I have slightly negative returns (-0.05%).
Crowdlending P2B:
Crowdestor is a platform similar to Envestio and Kuetzal in terms of performance and profitability. After four months, I have invested in 16 projects, with returns between 12.8 and 20.7% and periods of 2 to 24 months. Projects are financed quite quickly, between a few hours and a week. At the moment the payments are punctual and in the month of July I have already reached a monthly return of 10.5%. It is still too early to evaluate the platform, but for now I am very satisfied. In fact, I regret not having started investing before.
Envestio s still the platform with the best return rate (17.8%!). To take into account that almost all the new opportunities that are appearing, are in fact new tiers of financing of the same project (up to thirteen tiers sometimes), so investing in them, does not increase the diversification.
After over a month without new projects, the situation has finally changed in July with two new projects on the marketplace. It has not been enough to significantly reduce the 30% CashDrag I accumulated, so I decided to reduce my positions and transferred some funds out of the platform. This has had positive consequences on my monthly benefits, which have risen to 18.8% in July (compared to June 13.7%). With the returns offered and Buyback (!), I intend to increase my position in the coming months (hoping that the offer will increase).
Another good news of July is the activation of the AutoInvest option (from 100 EUR), long announced. A very positive change. The success of Envestio causes new opportunities to be sold in a matter of minutes, so you had to be very alert to invest.
The number of defaults of Flender Flender has remained at five for several months. Although it is still high, it has dropped to 6.4%, compared to almost 10% in April. The defaults are not yet recorded as losses. We will still have to wait (probably) several months before knowing how they resolve. Flender has started legal activities to recover them (estimated at a 35% probability). I understand that it falls within the norm, but it’s the highest of all platforms I invest in, except for P2P platforms without Buyback.
On a positive note, Flender’s XIRR, with 15.8%, remains the second highest of all my P2B platforms (only behind Envestio), which should compensate for potential losses.
Kuetzal is a platform similar to Envestio and Crowdestor in terms of performance and profitability. After four months, I have invested in 11 projects, with returns between 14 and 21% and periods of 12 to 36 months (especially 12 and 24). Some take a little longer to finance, but for now the payments are timely and in July I have already reached a monthly return of 12.6%. It is still too early to evaluate the platform, but for now I am very satisfied.
The Irish platform is the most active by far of all P2B platforms I use. Yields have stabilized around 8%. Linked Finance is one of my favorite platforms. Only 6 defaults (out of 535 projects!) and 5 projects with delays. I intend to continue investing in all new projects.
In June, Linked Finance announced that they have reached € 100 million in total loans.
The only problem of October to date are the five projects in the process of judicial recovery (3.2% of the total), on top of four delayed projects that seem to be following the same path. However, the negative returns of the last two months have finally turn positive in July: 8.5%, the highest since I use October, which also translates into a marginally positive XIRR (0.04%). On a positive note, to clarify that, unlike other platforms, October provisions 100% of the amount (since the judicial recovery processes take a long time and the result is unknown). Provisions are potential losses and over time some or all of the amount due may be recovered. The rest of the platforms do not consider such losses until the judicial recovery process ends. Hopefully there will be no more setbacks and my XIRR will gradually recover.
I have decided to stop making new contributions until I have a clearer picture how the defaults evolve. Until returns do not become positive. I will just reinvest the principal returned and interest. I have also reduced each investment to the minimum allowed (20 Euro).
The Euro amount of each project has increased, so now, despite the absence of AutoInvest, there is more time to invest.
P2P Crowdlending:
In Dofinanceafter 6-7 months with loans at 9% maximum, loans at 11% are back since April. VIP Dofinance investors can get up to 12% (1% extra) during the first 90 days (10% VIP status) using my promotional LINK In my case, unfortunately, I will still have to wait one month for my current investments at 9% before I can renew at 11%.
Also, Dofinance will give 1% cashback for investments made in July. There is one condition: minimum investment term should be 6 months.
Dofinance may not be the platform with the highest profitability, but it represents the maximum of simplicity to operate. Once the objective profitability and the term have been chosen, there is nothing left to do other than wait for the interests to arrive. In addition, monthly returns have followed an upward trend since January, and in July they have exceeded 10% for first time over a year.
In June, Dofinance announced a new product: Auto invest invoice factoring. Also in June, Dofinance announced that they will give 1% cashback for investments made in July. This offer will start on 8 July and will be valid until 31 July. There is one condition: minimum investment term should be 6 months.
Dofinance in numbers: In June, there were 3,900 registered clients, 40% of German investors, followed by Spain (22%), Italy (11%) and the Netherlands (10%). The average investment amount was 2,695 euros and an average period of 6.8 months investment, with a 9% automatic investment as the most popular investment program.
Fast Invest is one of my favorite platforms. Since February, unfortunately, we have stopped seeing loans at 15% as we used to.
As of July 22, the average interest rate stands at 12.4%, 33.000 new users were registered and the investment volume grew to € 26 million.
Very disappointing results for the moment. Interest rates are really attractive (up to 55%!), but without Buyback, so I’ve been a bit more cautious investing than with other platforms. As of today, the many defaults do not compensate for the higher returns offered, leaving me at the end with negative returns, at least for now. As to my strategyas they offer no Buyback, I have invested only in loans with interest rates above 48% and always the minimal amount, which in the case of Fellow Finance is quite high (25 EUR). I must say that there are other less risky loans, which surely would have resulted in a better performance than my (so far) failed investment strategy. It is a complex platform, and customer service is not particularly good, so I have many doubts about how it works.
Since May, I no longer invest in new loans with the idea of decreasing my position and eventually leave Fellow Finance. In July I started withdrawing funds.
Fellow Finance investors funded business and peer-to-peer loans worth around 15.2M€ in June. Cumulative loan volume grew over 469 million euros and the total number of investors grew to 13 050. January-June 2019 loan volume was around 109M€ (growth 42,5%, January-June 2018 loan volume was around 76,5M€).
Although the yields obtained with FinBee are so far excellent (a XIRR of 16.6% selecting only loans above 18%), being a platform without Buyback, I am still awaiting how the platform will evolve medium-long term once the (many) defaults stabilize. Overdue and unpaid loans account for 10.4% and 16.9% of my portfolio, respectively.
The recovery rates of loans in arrears: 56.15% of the money invested by insolvent customers as of 2016 and 40.21% as of 2017. The collection process has not ended, so these indicators should continue to improve in the future. However, for investments after March, FinBee announced that it will compensate 30% of the loans in arrears. Doing a quick calculation, this implies that profitability, once the defaults begin to realize, will be reduced considerably below what’s currently offered by platforms with Buyback (7-8%?), So since June, I have stopped reinvesting profits and have started to withdraw them from the platform.
One of my favorite platforms, with consistent results and profitability always between 13 and 15%, although loans’ average interest has decreased and we no longer see loans at 14 or 15%.
Since July, new features in the Autoinvest are available, with the launch of the deal match calculator. When you adjust all criteria to suit your preferences you will see how many investment deals will match the set parameters. This tool alloes to see how restrictive or inclusive your set up Auto-invest strategy really is.
New originators in June:
- Pozyczka Pieniedzy by Sando Money Group is joining Grupeer to offer business loans (from Poland with a 13% interest rate and 12 months term) and with 1% CashBack until 17 July.
- Credito, from Estonia, which offers just one product – a consumer loan up to EUR 3,000, BuyBack, 12% return rate and a term of 11-12 months.
When presenting my results, Mintos is more complicated since I invest in five different currencies. The graph shows in red the combined results of the platform (converting each currency to EUR according to the exchange rate of each month). This means that monthly profitability is very susceptible to variations in exchange rates.
Since October I invest manually, both in the primary and secondary markets.
The maximum yields offered by loans in EUR each day have increased to 15-16% since April and they’re offered by about ten originators. The interest offered by loans in Tenges (KAZ) and rubles (RUB) remain stable between 17 and 19.5%. Usually there are always available both in the primary market and the secondary.
During June, Credius (B+), Expresscredit Botswana (B-), Kredo and Monego (both C+), offered cashback campaigns of up to 2% when investing in their Euro loans. They were not easy to get, but will hopefully boost my interest rate next month.
The best IRRs (at the moment) are my investments in Kazakh tenges, Georgian laris and Russian rubles (16.9%-17.6%).
The loans in sterling pounds (GBP) are scarce lately in both the primary and secondary market, but 2-3 times a month, new loans are offered, so the problem of Cash Drag is not important.
In July, IuteCredit Europe announced the issuance of a four-year senior secured corporate bond (ISIN: XS2033386603) worth EUR 40 million, with an annual interest rate of 13%. The settlement of the bond is expected to be on 7 August 2019. It means that IuteCredit will use part of the bond’s proceeds to refinance its loan book on the marketplace. From August 15, 2019, IuteCredit will repurchase part of its loans from Mintos investors using their call option as stipulated in the assignment agreement. Currently, total loans outstanding on Mintos by IuteCredit amount to around EUR 24 million. IuteCredit expects to continue funding part of their loan book through Mintos in the future, both from existing countries and new countries it has entered or is about to enter.
In July, one of the fastest growing loan originators in Ukraine, Alexcredit (B-), has joined the Mintos marketplace. What Alexcredit offers on Mintos: Ukraine-issued loans listed in EUR; Average net annual return of up to 13%; Short-term loans from EUR 50 to EUR 325 with a maturity of 25 days; Buyback guarantee for all loans delinquent for 60 days or more; Interest income on delayed payments; and Grace period of 0 days.
In June, Mintos launched a new product, Invest & Access, which makes investing and withdrawing your money quick and easy, but at lower rates that what you could get with AutoInvest or manual investment. For the moment, I prefer to invest manually.
Also in June, Mintos will update the risk ratings for the following loan originators.
- Agrocredit – upgrade from B+ to A-
- Cashwagon – upgrade from C+ to B-
- Credilikeme – upgrade from C to C+
- Credius (Romania) – upgrade from B to B
- Dinero – upgrade from C+ to B-
- ID Finance (Spain) – upgrade from B- to B
- Metrokredit – upgrade from C+ to B-
- Varks – upgrade from B to B+
Mintos continues to increase the number of originators, countries and products. During June, Mintos welcomed the following loan originators:
- Lendrock, a car loan provider based in Spain offering EUR 4,000 loans up to 14% with a maturity of up to 4 years.
- Dziesiątka Finanse now offers its Poland-issued personal loans listed in PLN and EUR. The loans range from PLN 500 to PLN 15,000 with a maturity of up to 2 years. You can expect a net annual return of investment up to 14%.
Since June, Cashwagon offers short-term loans of up to EUR 300, net annual returns of up to 15% and Buyback issued in Vietnam. Operating since September 2017, the Cashwagon platform has helped to facilitate more than 546,000 loans to 160,000 borrowers.
Mintos has announced that in the future, they will offer personal accounts (with IBAN) and debit cards. The personal account can be used to make and receive payments around the world, or receive the salary directly into the account by Mintos. But this was announced months ago and there has been no further update since. Mintos has exceeded 2.4 billion Euro in investments (May 2019) to become the largest market for investment in loans in Europe (according to P2P-Banking), they have hired 28 new workers to almost double their workforce, they have reached 124,872 investors ( April 2018), have raised 5 million euros in a round of financing, have incorporated 31 new originators from 13 new countries, and investors have received 45.2 million in interest (May 2018).
I’m not very satisfied with NEO Finance as you can see in the graph. After some really positive starts, the number of defaults has ended in negative returns in the last four months, although the XIRR remains still positive (2.8%).
My investment strategy has been so far to invest only in loans from the primary market (except 4-5 in the secondary when I started) above 17% (and up to 27%) and without a provision fund. There are too many delayed loans (36%) that end unpaid (after 90 days) with only a variable part being recovered (usually around 30-50% depending on the return rate of the loan). The last weeks of June I stopped reinvesting the benefits. Starting in July, I’ve decided to try a new strategy using the provision fund (which is basically like paying for Buyback). The provision fund must be paid in advance when making the investment, which means starting with losses. It will take a couple of months before I can evaluate the results of my new strategy.
Without offering spectacular returns, Peerberry compensates it with an amazing regularity (return rates always between 11 and 12%), minimum follow-up needed and zero Cash Drag. I intend to keep my position as long as everything stays like this.
In June, Automoney.com.ua and Automoney.com.kaz decided to increase return rates by 0.5%, which is why Peerberry now offers returns of up to 13.5%.
And in July, Eurostar Finance of Russia (Aventus Group) has joined Peerberry, offering loans for the purchase of cars at 12.2-3.5%.
Peerberry in figures: In June, Peerberry reached a loan volume of 11.2 million (7% more than in May) to reach 100 million financed historically, and exceeded 8,500 investors from 64 countries that can invest in loans loans from 18 originators in 8 countries. Most loans last less than 40 days.
Return rates have increased since April with the payment of interest on several of the longer-term loans (180-365 days), which are paid in full at the end, so the current return rate does not reflect the real profitability of the platform ( that should be 11.8% in my case).
Robocash continues with its excellent regularity after overcoming the problems of Cash Drag last summer. Since November, all loans are at 12%, compared with 14% previously. At the moment, my strategy is to maintain my current position.
Since July, Robo.cash offers to invest in the Vietnamese company of Robocash Group in EUR loans with an annual interest rate of 12%. Vietnam has become the second country from Southeast Asia on the P2P platform. The P2P platform Robo.cash, RC Riga and Robocash Vietnam Co. Ltd. all belong to the financial holding Robocash Group, which operates in Europe and Asia. Operation within the same group allows to provide users of the platform with a complete buyback guarantee on all investments.
In April, Robocash announced a Loyalty Programme for investors. Investors with ID>1,000 will receive increased interest for 3 months (from 1 September to 30 November 2019) given that they keep from 1,000 EUR on the platform from June 1, 2019 to August 31, 2019. The bonus will be accrued according to the investor’s category, which corresponds to the investor’s minimum balance as of June 1, 2019.
The first 1,000 investors who joined the platform (not my case) will receive a guaranteed bonus of 0.3% from 1 September 2019 to 31 January 2020 regardless of their balance.
Swaper seems to have definitely solved the problems of Cash Drag, although the returns, inexplicably remain below the results of last year.
At the Bank and Insurance Summit 2019 in Berlin organised by the Bankingcheck and eKomi team Swaper received an award as the “Best Crowdlending Platform 2019”.
As of June, Swaper is putting more than 4 million euros worth of new loans up for investments every month, which is about an 68% increase from last year.
Also in June, Swaper’s first loan issuance country (Wandoo Georgia) said goodbye to the platform due to the new law regulations. So at the moment you can invest only in loans from Poland, Spain and Denmark.
In July, Swaper has announced that its move to Estonia.
Twino
I began to invest somewhat reluctantly in November 2018, in view of the negative comments about Cash Drag and low returns. However, after eight months, Twino has become one of my most profitable platforms (14.3%), thanks in part to the positive fluctuations of my investments in currencies other than Euro. In July, Twino was my best platform, with a 21% monthly interest (!). If the situation continues like this, I do not rule out increasing my positions.
Twino announced the next version of of the Currency Exposure (CE) functionality, which lets you invest in loans that are pegged to the local currency of the specific loan originator. Starting from June, part of Russian loans will be listed with the Currency Exposure functionality and return of 14% p.a., while another part will be listed without it and return of 10% p.a. Meaning that it will not be possible to invest both with and without the CE functionality in one specific loan anymore. The loans that come with CE will be marked with a special icon near the interest rate.
Main news in July:
- A new CEO, in the person of former CFO Anastasija Oleinika, has been appointed to lead TWINO Group. She will be replacing the long-term CEO and founder Armands Broks, who will remain in an active managing shareholder role with a focus on development of new business.
- Launch of an in-profile messenger, which can be accessed through your investor profile by clicking on the envelope icon at the upper right corner. It is combined with the notification functionality that can also be accessed through here.
Plans for August:
- The release of TWINO Group’s audited consolidated financial statement for year 2018 is just around the corner.
- Net profit: €9.0 million;
- Equity: €15.0 million;
- Cash and cash equivalents: €8.1 million;
- Strong liquidity ratio of 1.25;
- Operational cash-flow positive;
- New user agreement, where Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) best practices are communicated even more clearly.
- TWINO Blog is about to be launched.
End of May marked 4 years of Twino Investment platform – more than EUR 500 million worth of loans funded through the platform. Twino now is the fourth P2P lending platform in Continental Europe that has ever reached such a funding amount. Moreover, 2018 resulted as Twino’s most successful year to date with company’s net profit being EUR 3.7 million. In 2019, Twino brought Business loans (term of 3-36 months, interest rate of 8% and Payment Guarantee) and Invoice financing to the platform, allowing to further diversify.
Twino’s latest figures: 1) Loans financed in July: € 14,489,837; 2) Average interest on June loans: 10.32%; 3) Loans financed at all times: € 532,733,098; 4) XIRR to date: 10.74%; and 5) Number of investors (as of August 1): 18,259.
Until now it was a platform of moderate returns with excellent regularity, without Cash Drag that required a minimum follow-up. During the last few months, on top of this, there’s been a gradual improvement in the return rates, reaching values of over 13% since January (except for a brief drop in March, when I increased my positions in 9%).
Unlike other platforms, Viainvest withhold taxes. I present tax-free results to facilitate comparison.
From June, Viainvest has decided to introduce the same annual interest rate for all loan originators , which means that all loans published on the platform starting from 13.06.2019 are available for investments with a 11% interest rate! This will lead to easier investment decisions and higher average return for investors.
Also in June, Vianvest’s parent company VIA SMS Group has launched a new set of company bonds that are now available for investment.
The situation is similar to that of Viainvest. For the last two months, I only invest in loans at 14% (and some at 15-16%), so I hope that the monthly returns will continue to increase in the coming months.
The problems with Aforti loans (Factor and Finance), if confirmed, will be a considerable setback in my future returns, given that they account for 17% of my investments in Viventor. According to Viventor, “due to delay in payments by the loan originators Aforti Factor and Aforti Finance to Viventor’s bank account, all repayments for the loans including the buyback guarantees are currently put on hold until the late payments have been received”.
And in July, the number of originators continues to increase until reaching 19 originators in 10 countries with the addition of Monify from Latvia. Since 2017, they have lent more than 12 million EUR loans and has helped 600+ customers to solve their working capital problems. Loans will be 5,000-100,000 EUR in size, 1 month-1 year duration, 12-16% annual return and a 60 day Buyback guarantee.
Other Fintech tools:
WhiskyInvestDirectis a very innovative platform that allows you to invest in Scotch whiskey in the process of maturation. I started investing in March and I made two contributions with which I invested in thirteen different whiskeys. I hope to have time in the next months to write a technical sheet with more information about the platform.
For the moment I am quite satisfied, with a XIRR of 6.3%, although with large fluctuations in profitability (i.e. negative returns in May).
Evolution of my positions
Regarding the evolution of my positions since January 2018 by the type of investment, they remain more or less constant, although since May, my investments in P2P platforms have exceeded my investments in shares and investment funds, due to the increase in my positions in Mintos.
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