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P2P Lending

ct5amr2ig1nfhp

A few of you have been in the p2p scene a few years now. Have you any thoughts on your p2p platforms of choice?

Mintos appears to be leading the way at the moment, in terms of volume of loans available and value of loans funded/available. Are Twino and Bondora still getting a look in?

I felt I was too heavily invested in Mintos so I have tried a few newer platforms recently. Lenndy, RoboCash, DoFinance, Grupeer and ViaInvest. Only small money to begin. The only platform where my funds have yet to be invested is Lenndy. I try to stick to platforms that have a buyback type guarantee.

Does anyone else have any recommendations or thoughts on how p2p will evolve this year?

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ct5amr2ig1nfhp

Have you increased your funds in any of your other P2P platforms Shelflife? How are they doing?

I'm seeing a little cash drag again on Swaper so moved funds around to other platforms.

Next to no new loans available on envestio.

Too early to say more about Bondster. I have the financial reports but the report is in Czech, if anyone wants to translate them?

All others tipping along nicely.

Captainsatnav

Shelflife wrote: »

So heres my update.

Faced with leaving funds to rot in a current account I decided to put some more into Mintos. Its not funds i can afford to lose so I spent a good bit of the weekend tidying up my account and making sure that I had a solid structure in place.

I went through my auto invest portfolios and only have the higher rated lenders in there, A and B only with the ratings given by explorep2p.com given some value as well.

I then went through the diversification option and spent some time at that as well.

Im hoping that ive ended up with a solid and safe portfolio in what I believe is the best platform out there.

I've currently got a projected return of 10.6% which im very happy with given my parameters.

overall I've about 15% of my total investment portfolio in P2P theres bits of me that wants to increase that and bits that thinks its enough.

Again, always open to comments and advise.

If I had the patience to sit down and figure out the interface and portal on Mintos I'd do something similar. Currently I have 1,000 in Mintos on the auto invest 3 month option. No clue or interest as to who the money's going to. average rate is 11.3%. Have made a princely return of €2.80 on €1000 principal since 23rd April.

On Linked Finance I have average rate of 10.2%. O/S principal of €2,216 and have racked up interest of €215 in 13 months. (Do Rev commissioners monitor these threads?)

Am saving for wedding/honeymoon (and ideally a gaf:() so vast bulk of savings are in Prize bonds and the bank

Shelflife

So heres my update.

Faced with leaving funds to rot in a current account I decided to put some more into Mintos. Its not funds i can afford to lose so I spent a good bit of the weekend tidying up my account and making sure that I had a solid structure in place.

I went through my auto invest portfolios and only have the higher rated lenders in there, A and B only with the ratings given by explorep2p.com given some value as well.

I then went through the diversification option and spent some time at that as well.

Im hoping that ive ended up with a solid and safe portfolio in what I believe is the best platform out there.

Ive currently got a projected return of 10.6% which im very happy with given my parameters.

overall Ive about 15% of my total investment portfolio in P2P theres bits of me that wants to increase that and bits that thinks its enough.

Again, always open to comments and advise.

ct5amr2ig1nfhp

ViaInvest have launched a refer-a-friend campaign (T&C's). 10 EUR each, with some T&Cs.

Grupeer have a few new originators joining their platform. Right Choice Finance (Philippines IR:13%), PlanetaCash (Russia IR:13%) and Bosak MFB (Nigeria IR:11%). All three have buyback guarantee.
There will be an Easter promotion for all PlanetaCash loans 13% + 2% bonus cashback. Bosak MFB will have a 11% + 1% cashback promo. Promo runs 19-22 April.

ct5amr2ig1nfhp

I used a similar approach, diversification is important. I am happy I chose Mintos as one of my first platforms to try.

Remember to use referral links where you can (both of you will get something back). Plenty of the blogs have referral links or you can ask some of the contributors here.

@vargoo, do you mind sharing which p2p platforms are you currently invested in and how are your returns?

watwag wrote: »

Hi projectmoose and all,

I've been reading through this thread and doing some research and am going to take the plunge on p2p with a few k.

My thoughts were dividing my capital evenly between 4-5 of what appear to be best performing platforms and then setting autobid or platform equivalent to a low threshold.

Would your approach be similar? Or do you feel it is best to go in strong on one of the better performing platforms in order to maximise returns? I'm not hugely risk averse on this but with gains not differing hugely amongst some platforms seems to make sense to diversify across multiple platforms?

Cheers

ct5amr2ig1nfhp

I would be concerned it's so small after 10 years in operation. They state 500 million in volume since 2009. A summary of their last few years:

2015 : 1.5 mil loss
2016 : 1.7 mil loss
2017 : 12.5 mil loss
2018 (9 months) : 3 mil profit

I cannot see the reason for the significant loss in 2017. A move from TWINO reporting to the TWINO Group perhaps? Don't have the energy to go through the reports in details this evening.

Giving the operating losses for the first 9 months of 2018, you could estimate similar losses for the last 3 months. This would push the year 2018 into another loss of 1-2 mil.

Have TWINO ever made a profit?

vargoo

Clara Sparse Windbreak wrote: »

I'm not sure what you're asking vargoo?

Can't be that high can it?

ct5amr2ig1nfhp

I'm not sure what you're asking vargoo?

vargoo wrote: »

Twino made 3million profit in 9 months?

vargoo

Clara Sparse Windbreak wrote: »

Fair point. I'll reach out to Swaper for their financial statements.

Mintos reports available here (2015-2017): link (Ernest & Young Baltic)

ViaInvest reports available here (2014-2018): link (Deloitte, BDO)

EstateGuru reports available (2017 only) here: link (Ernest & Young Baltic)

TWINO reports available here (2016-2018): link (BDO)

FastInvest reports available here (2017): link (The reports appear to be 3 page summaries)

Envestio only started trading publicly in 2018. The 2018 annual report is expected after 31Jul2019. They broke even in 2018 (with a small profit). 2019 is expected to improve on 2018.

Swaper have no reports currently available but there is ongoing work to prepare them. A summary of results for 2016-2018 will be made available shortly.

* note some of the latest reports are unaudited.

I have reached out to others and I will update the list as I find or get more information. If anyone would like to help add to the list, I'd welcome the help.

Twino made 3million profit in 9 months?

P2PBanking.com

Clara Sparse Windbreak wrote: »

Has anyone started using Bondster (.com)?
There was a 1% annual fee, which is still detailed on the website. However on reading another blog this fee was removed for EUR investments. I've reached out to their support for clarification.

The fee was removed on March 20th (for EUR currency loans)
https://www.p2p-kredite.com/diskussion/viewtopic,p,113481.html#113481

Shelflife

So heres my update.

Im only new to this but I like to see other people put stuff up here so I feel that I should put my views up here as well.

Overall Im very happy with my loans, I check them regularly and try to make sure that Im not too heavy in any area.

Id love to put more into P2P but Im at the limit that I set myself, its hard to see money sitting in a bank account not working for you.

Mintos - Fully invested and happy with them

Envestio- Small lag with the infrequent loans selling out much quicker now making it hard to be fully invested, rates are very good.

Peerberry is good but seems to have small unexplained lags lately when there seems to be loans available.

Grupeer, Linked Finance, Fast Invest, Robo cash and Viventor all doing exactly what it says on the tin, fully invested in all and im happy with my returns.

Overall I think that P2P lending is excellent, Im constantly trying to minimise risk .

Glad to take any advise .

Shelflife

https://twitter.com/wiseclerk/status/1115171556148166657?s=21

ct5amr2ig1nfhp

I can confirm that Bondster have removed the 1% annual fee for EUR investments. Their website has not been updated yet.

Edit: A quick update.

First investments done on Bondster. I went with a few short term loans (4-7day 13% LIME) to see how the process works. Auto-invest has been set up however I have no funds available for now. Interface is clean. Basic account statements information available but very limited filtering.

KYC documents required, so I've upload those. ID and bank statement.

Manual investing in loans is horribly slow. I thought ViaInvest was bad enough but at least I could open multiple tabs to speed up the manual investment process. With Bondster, that is not possible it seems.

Supercell

Anyone feedback on Crowdestor?
Interest rates look tasty but am hesitant to pull the trigger.

vargoo

Clara Sparse Windbreak wrote: »

Can you see if you received interest for the late period on Mintos for your LIME loans? I'm out and about at the moment so cannot check until later.

Can't check properly until later but First few late ones, interest received, I'd kept an eye.

ct5amr2ig1nfhp

Can you see if you received interest for the late period on Mintos for your LIME loans? I'm out and about at the moment so cannot check until later.

vargoo wrote: »

Lime on mintos stopped issuing loans months ago and every loan sat there for months until buyback.

Other russians looked to be doing same but I haven't checked ina while.

I bailed out of most of these, through no fault of your own you could lose alot.

vargoo

Clara Sparse Windbreak wrote: »

Has anyone started using Bondster (.com)? Czech fintech startup. I will sign up and take a look. Returns up to 13.5% with buyback sound promising.

Edit: They appear to be using a service platform from a Dublin based startup called Leveris.
Leveris appear to have had investment from Enterprise Ireland.

Edit 2: Sign up was very straight forward. No issues. I used a referral from p2phero.com for 1% cashback. Take a look on the p2phero.com site if you wish to use his referral, or PM if you want mine. I have transferred a small sum to get started.

Currently over 600 loans available, mix of CZK, EUR, Real Estate and Biz loans. Terms from 7 days to 23 months. Rates from 3.9% to 13.50%. They have a number of loan originators, including LIME. Which some of you might know form Mintos. Buyback is 30-60 days.
There was a 1% annual fee, which is still detailed on the website. However on reading another blog this fee was removed for EUR investments. I've reached out to their support for clarification.

Lime on mintos stopped issuing loans months ago and every loan sat there for months until buyback.

Other russians looked to be doing same but I haven't checked ina while.

I bailed out of most of these, through no fault of your own you could lose alot.

watwag

Hi projectmoose and all,

I've been reading through this thread and doing some research and am going to take the plunge on p2p with a few k.

My thoughts were dividing my capital evenly between 4-5 of what appear to be best performing platforms and then setting autobid or platform equivalent to a low threshold.

Would your approach be similar? Or do you feel it is best to go in strong on one of the better performing platforms in order to maximise returns? I'm not hugely risk averse on this but with gains not differing hugely amongst some platforms seems to make sense to diversify across multiple platforms?

Cheers

ct5amr2ig1nfhp

Has anyone started using Bondster (.com)? Czech fintech startup. I will sign up and take a look. Returns up to 13.5% with buyback sound promising.

Edit: They appear to be using a service platform from a Dublin based startup called Leveris.
Leveris appear to have had investment from Enterprise Ireland.

Edit 2: Sign up was very straight forward. No issues. I used a referral from p2phero.com for 1% cashback. Take a look on the p2phero.com site if you wish to use his referral, or PM if you want mine. I have transferred a small sum to get started.

Currently over 600 loans available, mix of CZK, EUR, Real Estate and Biz loans. Terms from 7 days to 23 months. Rates from 3.9% to 13.50%. They have a number of loan originators, including LIME. Which some of you might know form Mintos. Buyback is 30-60 days.
There was a 1% annual fee, which is still detailed on the website. However on reading another blog this fee was removed for EUR investments. I've reached out to their support for clarification.

ct5amr2ig1nfhp

Just to keep my results together, I'll create a new post. Finding it hard to get the time to pull the results, so will add as I can.

As I have already stated in a previous post, the calculations are approximate but give an accurate enough picture of my returns for each platform.

Mintos:

201810 :: 13.6%
201811 :: 14.6%
201812 :: 12.0%
201901 :: 11.9%
201902 :: 12.0%
201903 :: 12.5%

Grupeer:

201810 :: 15.1%
201811 :: 14.6%
201812 :: 13.0%
201901 :: 14.7%
201902 :: 14.5%
201903 :: 13.6%

Swaper:

201810 :: 15.4%
201811 :: 15.4%
201812 :: 12.5%
201901 :: 13.9%
201902 :: 12.7%
201903 :: 13.9%

ViaInvest:

201810 :: 9.5%
201811 :: 9.8%
201812 :: 10.6%
201901 :: 9.6%
201902 :: 11.0%
201903 :: 11.7%

Lenndy:

201810 :: 10.0%
201811 :: 9.5%
201812 :: 11.4%
201901 :: 13.6%
201902 :: 7.8%
201903 :: 12.6%

Viventor:

201810 :: 8.6%
201811 :: 16.1%
201812 :: 12.1%
201901 :: 13.5%
201902 :: 8.5%
201903 :: 11.1%

* A significant amount of 'late payments' on Viventor. In fact late payments make up 30-40% of the monthly return.

ct5amr2ig1nfhp

A mix of both but good long term loans on the secondary market are hard to get. Purchasing more of the riskier loans but I keep an eye on the stats page (% current loans) to see how those riskier loan originators are doing with their payments. The page is updated regularly.

vargoo wrote: »

Secondary market long term or just all the riskier primary market?

retalivity

Im at 11.7% myself for the last 6 mths on average.

Im actually bringing it down intentionally by investing in mortgage, business and invoice finance loans with a lower return, found that all my loans were sleither personal or short term, so diversifying manually, if i get in ahead of the auto-invest

vargoo

Clara Sparse Windbreak wrote: »

Thought I would share the last six months of Mintos earnings. 6 month average is ~13%. Nov I had a small deposit from the Refer a friend bonus. I wasn't bothered taking the figure out of my calculations. But you can see it bumped the return in Nov.

Oct18 :: 13.6%
Nov18 :: 14.6%
Dec18 :: 12.0%
Jan19 :: 11.9%
Feb19 :: 12.0%
Mar19 :: 12.5%

Secondary market long term or just all the riskier primary market?

ct5amr2ig1nfhp

Thought I would share the last six months of Mintos earnings. 6 month average is ~13%. Nov I had a small deposit from the Refer a friend bonus. I wasn't bothered taking the figure out of my calculations. But you can see it bumped the return in Nov.

Edit: I'll post an updated list in a new post

ct5amr2ig1nfhp

A had quick review of my p2p investments this weekend and I am happy to report that I am fully invested across all platforms.

I received an update from EstateGuru on the 29/Mar, the defaulted Pringi business loans have been fully repaid with partial interest. I am very happy with the outcome. it means I still have zero defaults. I will re-invest the funds in another loan on the same platform. A minor gripe, the transactions page under 'account' appears to be sorted in some random order, which I find strange. You can sort it but you would imagine it would be automatically sorted by transaction date.

ct5amr2ig1nfhp

Any investor giving you advice should tell you diversify. I am probably a little over invested in p2p at the moment, it is hard not to be giving the returns. Diversify and keep a little spread across various investments.

On another note, I see RoboCash are on the move from Latvia to Croatia. The email states it is to allow them to 'expand activities'. I see a post elsewhere speculating that they may be moving due to new latvian regulations being finalised? Does anyone have any further information?

scheister

Clara Sparse Windbreak wrote: »

I presume you mean grupeer (gruber?). I am not quite sure what question you are asking?

P2P is very high risk but your last comment seems to suggest you know this and you're happy with the risk that you could lose your investment.

Yea i mean grupeer. spelling never was my strong point.

You have pointed out the risk which i am aware of.

Think my question is am i mad in thinking of going down that line. Assuming an rate of 12% on P2P the returns are 5.76% for P2P and 2.11% for the bank.

ct5amr2ig1nfhp

I presume you mean grupeer (gruber?). I am not quite sure what question you are asking?

P2P is very high risk but your last comment seems to suggest you know this and you're happy with the risk that you could lose your investment.

scheister wrote: »

I am currently in two minds on something and ye lovely people may be able to help

Currently i have about €600 in both Robo.Cash and Mintos (both max 30 day loans) and €30 in gruber (only opening the account last few weeks)

I am moving bank at the moment so I am looking at the savings for my deposit and wondering about upping my investment in the above to 1k in each and putting the rest in my new savings account. I will not be buying until next summer so other then the above 3 hitting the wall I dont think i should have any issues.

vargoo

pnecilcaser wrote: »

secondly is he single?

Ugh

scheister

I am currently in two minds on something and ye lovely people may be able to help

Currently i have about €600 in both Robo.Cash and Mintos (both max 30 day loans) and €30 in gruber (only opening the account last few weeks)

I am moving bank at the moment so I am looking at the savings for my deposit and wondering about upping my investment in the above to 1k in each and putting the rest in my new savings account. I will not be buying until next summer so other then the above 3 hitting the wall I dont think i should have any issues.