International P2P Lending Volumes February 2021

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Assetz Capital* and Peerberry*. The total volume for the reported marketplaces in the table adds up to 297 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending statistic february 2021
Table: P2P Lending Volumes in February 2021. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Brickfy* Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy*, Mintos*, October*, Peerberry*, Proplend*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading

Ratesetter UK Era Ends for Retail Investor

Ratesetter logoAfter 10 years the era of Ratesetter UK investing ends for good for all retail investors as Ratesetter has announced today that Metro Bank will purchase the loan portfolio.

The announcement reads:

RateSetter announces that Metro Bank is purchasing the loan portfolio

Today we are announcing that Metro Bank is purchasing the RateSetter loan portfolio in line with Metro Bank’s strategic objective to grow in consumer loans.

Metro Bank has been funding all new consumer lending following its acquisition of RateSetter in September 2020, since when the investor loan portfolio has been in run off. Today’s announcement follows the subsequent sale of RateSetter’s residential property development portfolio, a line of lending which is not an area of focus for Metro Bank, and was made possible by Metro Bank’s recent sale of a 3 bn GBP residential mortgage portfolio, which freed up capital for the purchase. The performance of the consumer loan portfolio has allowed the purchase to be at full value, despite the ongoing economic uncertainty.

The portfolio purchase means that all RateSetter investors will receive their money back in full and the investing side of RateSetter will close. In line with our Investor Terms we are providing two months’ notice of account closure and so this will happen on 2 April 2021.

What happens now?

All invested money will return to investors’ Holding accounts from 2 April 2021, as will money on market. This process is expected to take five days. Naturally, no investment release fee will apply to money retuned to investor’s Holding accounts from the purchase. Invested money will continue to earn interest until then and repayments will continue to be treated in line with investors’ account settings until then too.

Thank you for being a RateSetter investor

We launched over ten years ago and grew to be the UK’s most popular P2P platform, attracting over three quarters of a million investors and borrowers. We are proud to have delivered an average annual return of 4.4%, while our credit management and pioneering Provision Fund ensured no investor ever lost a penny of capital – a unique track record that has been maintained throughout the current time of economic uncertainty and through to the purchase we are announcing today.

Going forward, RateSetter will focus on being a market-leading consumer lender consistent with Metro Bank’s strategy to grow in consumer finance.

We are committed to continuing our customer service. If you have any questions or require any further assistance, please contact our Investor Services team

This will set free about 450M GBP in April, which could result in a surge of deposits on other UK p2p platforms.

International P2P Lending Volumes January 2021

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Assetz Capital*. The total volume for the reported marketplaces in the table adds up to 302 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

I have delisted Ratesetter as they have not been accepting new investors for several months and it seems unlikely to me that they will reopen for new retail investors.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending statistic january 2021
Table: P2P Lending Volumes in January 2021. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Bondster*, Brickfy* Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, October*, Peerberry*, Proplend*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading

International P2P Lending Volumes December 2020

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Assetz Capital* and Ratesetter*. The total volume for the reported marketplaces in the table adds up to 359 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms. This month I added Brickfy*.

Milestones achieved:

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending statistcs december 2020
Table: P2P Lending Volumes in December 2020. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Bondster*, Brickfy* Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, October*, Peerberry*, Proplend*, Ratesetter*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading

International P2P Lending Volumes November 2020

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Ratesetter and Peerberry*. The total volume for the reported marketplaces in the table adds up to 261 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending volumes nov 2020
Table: P2P Lending Volumes in November 2020. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Ablrate*, Archover*, Assetz Capital*, Bondora*, Bondster*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, MyTripleA*, October*, Peerberry*, Proplend*, Ratesetter*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading

Preview of Upcoming Reinvest24 Secondary Market

Estonian property marketplace Reinvest24* will launch its secondary market (buying and selling among investors) next week. On Reinvest24 investors can invest into the equity of property and then participate on monthly rental payments and potentially capital gains at exit (if the property is sold).
The secondary market feature had been first announced more than a year ago, but has been postponed several times. Now I was given access to the demo system, where I could try out the feature with a test account. Main parameters of the secondary market are:

  • seller can list parts with discounts, premiums or at par
  • buyer pays 1% transaction fee
  • seller can list any shares they own (including those where payment is overdue or in default)
  • rental payments go to the investor holding the share at the time of payment (no split between seller/buyer)

In the buying process the investor gets visualized the shares on offer (‘reflection of the market state) for a project at different prices by horizontal grey bars:

reinvest24 secondary market buy

If the investor then decides to buy parts it looks like this:

reinvest24 secondray market buy 2

At the time of my test, the demo version lacked filters, but Reinvest24* will add the ability to filter soon. The concrete launch date has not yet been set, but Reinvest24 expects it to be in the second half of next week.

I only have a small investment amount at Reinvest24 to gain first-hand experience with the marketplace. My investments there have performed satisfactorily so far through the pandemic.

While the features for the market are very basic it allows for increased liquidity for those investors that want it.