Long awaited the law that several Latvian p2p lending platforms have been lobbying for will become effective on Nov. 14th 2022. This will lower the withholding taxes applied on interests earned by EU and EEA investors from 20% to 5%. Furthermore Mintos* says, that investors will need to only confirm their country of residence once. It will be no longer necessary for them to supply additional documentation or certificates a requirement which had put off investors from many countries. In several countries the 20% could not be fully deducted when declaring taxes with the local tax authorities. And while it could be lowered to 10% there was unliked paperwork associated with that, that needed to be repeated every tax year.
The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Esketit*. The total volume for the reported companies in the table adds up to 265 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.
Milestones crossed this month:
- Robocash* reached 500M EUR loans originated since launch
- Esketit* crossed 100M EUR loans originated since launch
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.
Table: P2P Lending Volumes in October 2022. 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: Archover*, Assetz Capital*, Bondora*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Heavyfinance*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Landlordinvest*, Lendermarket*, Linked Finance*, Mintos*, October*, Peerberry*, Proplend*, Robocash*, Soisy*, Swaper*, Twino*, Viainvest*.
Notice to p2p lending services not listed: Continue reading