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.

International P2P Lending Volumes October 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 289 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 have added Reinvest24* and Robocash*.

Milestones reached:

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 statistics october 2020
Table: P2P Lending Volumes in October 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*,*, Crowdproperty*, Debitum Network*, Dofinance*, Estateguru*, Fellow Finance*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Growly*, Investly*, Kameo*, Klear*, Kuflink*, Kviku.Finance*, Landlordinvest*, Linked Finance*, Lenndy* Look&Fin*, Mintos*, MyTripleA*, October*, Peerberry*, Proplend*, Ratesetter*, Rebuilding Society*, Reinvest24*, Robocash*, Savy*, Soisy*, Sourced*, Swaper*, ThinCats*, Twino*, Viainvest*, Viventor*, Zopa*.

Notice to p2p lending services not listed: Continue reading

Mintos will run Equity Crowdfunding Round on Crowdcube

Breaking news: p2p lending platform Mintos* will run an equity crowd on british equity crowdfunding platform Crowdcube. Mintos states ‘As far as startups go, Mintos has raised very little capital so far. We have grown to become the market leader in continental Europe largely fueled by our own revenue. We see a huge market opportunity ahead of us, and to accelerate our growth and develop new products we are raising money. Our fundraising round includes both venture capital and crowdfunding. ‘.

No details regarding the amount to be raised or the valuation have been shared yet. The pitch is set to go live in late November

Corwdcube plans to merge with Seedrs*.