Loanbook partners with Sage

Spanish p2p lending marketplace LoanBook announces a new partnership with Sage, provider of cloud accounting, payroll and payments software, to offer Sage’s Spanish customers a direct, in-product channel to alternative finance.

As part of the collaboration, Sage will offer its SME and accountancy customers access to LoanBook’s working capital loans, both in-product and within Sage’s wider ecosystem, stating Sage’s customers will benefit from a dedicated loan request portal enabling LoanBook to access customer data in order to improve the quality and speed of its loan underwriting.

Sage already has partnerships with other p2p lending marketplaces like Funding Circle and Marketinvoice.

James Buckland, CEO of LoanBook, commented: ‘We are excited to go a step further in our collaboration with Sage with a direct in-product integration. This partnership is based on the shared vision and commitment of Sage and LoanBook to support the SME community in Spain in becoming more competitive through improved access to finance and to innovative technology solutions.’

LoanBook has lent 21 million Euro to Spanish SMEs during the last 12 months and says it if providing a net annual return of over 5% for its investors.

International P2P Lending Volumes September 2017

This p2p lending statistic table contains the loan originations of p2p lending companies for last month. Funding Circle leads ahead of Zopa and Ratesetter. The total volume for the reported marketplaces adds up to 404 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 services.

This month I added Raize, a marketplace in Portugal.

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.

Want to meet representatives of many of the listed companies? Attend Lendit London in October – use discount code WiseclerkVip to get a 15% rebate on registration.

P2P Lending Statistic 09/2017
Table: P2P Lending Volumes in September 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

International P2P Lending Volumes August 2017

The table lists the loan originations of p2p lending marketplaces for last month. Funding Circle leads ahead of Zopa and Ratesetter. The total volume for the reported platforms adds up to 391 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 reached this month are:

  • Bondora reaches 100 million Euro in financed loans 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.

Want to meet representatives of many of the listed companies? Attend Lendit London in October -use discount code WiseclerkVip to get a 15% rebate on registration.

P2P Lending Statistic August 2017
Table: P2P Lending Volumes in August 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

My Housers Experience – Quick Gains by Flipping Investments on Spanish Property Platform

Today I gained another 1,7% after selling an investment that I did held only a few days. I started using the Spanish property platform Housers in the beginning of August. On Housers investments into property in Spain and Italy are listed. Mostly the offered structure is that investors will benefit from rent income from the property and also capital gains achieved, if the property is sold at a higher price at the end of the investment period. The concept will sound familiar to those that are using the British platfrom Property Partner. But there are other offer types too, including fixed interest investments. The minimum investment is 50 Euro and terms range from 12 months to 5 years and longer.

There is a lot of information and statistical data about the properties and the property market in that town and neighborhood. The platform is easy to use. After signup, the investor needs to upload scans to verify identity and to connect a bank account. Deposits can be by bank transfer or credit card. I made a small withdrawal of 0.50 Euro via SEPA transfer to test withdrawal and the money arrived after 2 days in my bank account.

Current bonus: Sign up via this link and get 50 Euro bonus when you invest 50 Euro. Ends today (August 31st)! The bonus can only be invested, not withdrawn.
Additional cashback of 1% on all credit card investments (you see that after you select a property to invest into. Ends today (August 31st).

Housers has a secondary market. Only properties in the “Saving” category can be traded – with the “MP” logo style mark. Sellers can set a premium (or) a discount. When I started in the beginning of August I had 50 Euro invested in the Monec property (pictured right) and wanted to try out selling. So I listed that at 1.74% premium and was astonished that it sold quickly. I had exited that investment only 8 days after making the bid. Granted the absolute profit was not spectacular: 78 Cents (50.87 Euro sales price minus 0.09 Euro sales fee – Housers charges 10% of profits), but it was 1.56% profit in 8 days. Mathematically that is an (X)IRR of 102%, but of course one can not calculate it that way as a reinvestment without breaks will not be possible and not every time a buyer will snap the part that quickly.

Nevertheless I got curious, if I could scale that somewhat and employ a strategy of flipping, that is investing and then selling fast at a premium. I invested in more parts of an Italian property opportunity (“Breda” in Milan). Yesterday the secondary market for this opportunity opened, and today I sold the first 100 Euro part for a 1.89% premium. I have listed the next 100 Euro part for 1.99% premium now.

There are three main factors for selling in my view:

  • Premium (typically buyer will buy the part currently listed at the lowest premium)
  • Part size: only full parts can be bought. I would expect it to get harder the larger the part is (but the seller can list part of his total holding, as long as it is at least the 50 Euro minimum)
  • availability of other offers, especially on the primary market

I have yet to experience a time where there are no offers on the Housers primary market. It will be interesting to see how that effects demand on the secondary market.

The majority of investors is from Spain, but Housers says there is large demand from investors from Latin America, too. I like the platform interface, it is easy to use. The UI is available in Spanish, English and Italian language.

Another property investment platform in the Eurozone offering a bonus is Estateguru. If you register via this link, you get 0.5% cashback on all investments in the first 90 days. Investments on Estateguru are into secured loans, not equity.


One of the property investments listed on Housers in the past

International P2P Lending Volumes July 2017

The table lists the loan originations of p2p lending marketplaces in June. Zopa leads ahead of Funding Circle and Lendinvest. The total volume for the reported platforms adds up to 491 million Euro. I added Iuvo Group and Dofinance to the table. 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 reached this month are:

  • Zopa crosses 2.5 billion GBP originated since launch
  • Ratesetter crosses 2 billion GBP originated since launch
  • Mintos loan volume since launch now over 250 million Euro
  • Lendix reaches 100 million Euro in financed loans 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.

P2P Lending statistics July 2017
Table: P2P Lending Volumes in July 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

International P2P Lending Volumes June 2017

The table lists the loan originations of p2p lending marketplaces in June. Funding Circle leads ahead of Zopa and Lendinvest. Assetz Capital makes a huge leap forward. The total volume for the reported platforms adds up to 530 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 reached this month are:

  • Twino reaches 150 million EUR in origination 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.

p2p lending statistic june 2017
Table: P2P Lending Volumes in June 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

International P2P Lending Volumes May 2017

The table lists the loan originations of p2p lending marketplaces in May. Funding Circle leads ahead of Zopa and Ratesetter. The total volume for the reported marketplaces adds up to 500 million Euro. This is over 10% higher than the previous month and that despite the adverse effect of the pound taking a dive. 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 Paskoluklubas.

Milestones reached this month are:

  • Assetz Capital crosses 250 million GBP lent sinch launch
  • Lendinvest reaches 1 billion GBP in origination 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 providers.

p2p lending volume May 2017
Table: P2P Lending Volumes in May 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

International P2P Lending Volumes April 2017

The table lists the loan originations of p2p lending platforms in April. Funding Circle leads ahead of Zopa and Lendinvest. The total volume for the reported marketplaces adds up to 445 million Euro. I track the development of p2p lending volumes for many countries. 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 Nucleus.

Milestones reached this month are:

  • Younited Credit crossed 500 million Euro loan volume 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 providers.

p2p lending statistic April 2017
Table: P2P Lending Volumes in April 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

Statistic of International P2P Lending Services March 2017

The table lists the loan originations of p2p lending marketplaces in March. Volumes picked up considerably compared to February. Funding Circle continues to lead ahead of Zopa and Ratesetter. The total volume for the reported marketplaces adds up to 532 million Euro. I track the development of p2p lending volumes for many countries. 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 Lenndy and Credit.fr.

Milestones reached this month are:

  • Mintos crossed 150 million EUR in originations since launch
  • Moneything reached 50 million GBP since inception

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.

P2P Lending Statistic 03/2017
Table: P2P Lending Volumes in March 2017. Source: own research

Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.
*Prosper and Lending Club no longer publish origination data for the most recent month.

Notice to p2p lending services not listed: Continue reading

New European Alternative Finance Industry Report – Sustaining Momentum

The European online alternative finance market, including crowdfunding and peer-to-peer lending, grew by 92 per cent in 2015 to €5.431 billion, according to the results of the 2nd Annual European Alternative Finance Industry Survey conducted by the Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School, in partnership with KPMG and supported by CME Group Foundation.

The report released today, titled “Sustaining Momentum”, had the support of 17 major European industry associations and research partners, and was based on data from 367 crowdfunding, peer-to-peer lending and other alternative finance intermediaries from 32 European countries – capturing an estimated 90 per cent of the visible market. P2P-Banking.com is one of the research partners.

The United Kingdom was by far the largest in Europe at €4.4 billion, followed by France at €319 million, Germany at €249 million and the Netherlands, €111 million. Other large European markets include Finland with €64 million, Spain at €50 million, Belgium at €37 million and Italy at €32 million. The Nordic countries collectively accounted for €104 million, while Central and Eastern European countries registered a total of €89 million.

Excluding the UK, the European alternative finance market grew by 72 per cent from €594 million in 2014 to €1.019 billion in 2015.

“Although the absolute year-on-year growth rate slowed by 10 per cent” (from the 82 per cent growth excluding the UK between 2013 and 2014) the industry is still sustaining momentum with substantive expansion in transaction volumes recorded across almost all online alternative finance models,” the report said.

Peer-to-peer consumer lending is the largest market segment of alternative finance, with €366 million in Europe in 2015. Peer-to-peer business lending is the second largest segment with €212 million, with equity-based crowdfunding in third with €159 million and reward-based crowdfunding fourth at €139 million.

Sustaining Momentum Figure 11
Table: Figure 11, page 31 of ‘Sustaining Momentum’, volumes by market segment in Europe 2015 (outside UK)

Among other findings:

  • Estonia ranked first in Europe in alternative finance volume per capita at €24, followed by Finland at €12 and Monaco at €10 outside of the UK.
  • Online alternative business funding increased by 167 per cent year-on-year to €536 million raised for over 9,400 start-ups and SMEs across Europe.
  • Institutionalisation took off in mainland Europe in 2015, with 26 per cent of peer-to-peer consumer lending and 24 per cent of peer-to-peer business lending funded by institutions such as pension funds, mutual funds, asset management firms and banks.
  • Across Europe, perceptions of existing national regulations in alternative finance are divided. About 38 per cent of surveyed platforms felt their national regulations for crowdfunding and peer-to-peer lending were adequate and appropriate, 28 per cent perceived their national regulations to be excessive, and a further 10 per cent said current regulations were too relaxed.
  • The biggest risks perceived by the alternative finance industry are increasing loan defaults or business failure rates, fraudulent activities or the collapse of platforms due to malpractice.

Perceived risks
Chart: Figure 28, page 47 of ‘Sustaining Momentum’, risks to the industry as perceived by the polled platforms

Robert Wardrop, Executive Director of the Cambridge Centre for Alternative Finance, said: “European alternative finance transaction volume increased to more than €5 billion in 2015, with volume outside of the UK market exceeding €1 billion for the first time. The European alternative finance industry is still small, however, and the slowing rate of growth during the year is a reminder of the risks the industry must contend with in order to transition from a start-up to a sustainable funding channel within the European financial services ecosystem.”

Irene Pitter, Global Executive, Banking & Capital Markets and member of the FinTech Leadership Team at KPMG, said: “This report shows that the alternative finance sector is set to continue to grow and mature. 2016 marks a significant year for ‘alternative finance’ in Europe as the market demonstrates clear signs of continued strong growth and increased maturation in the sector as a whole. European activity, excluding the UK, showed solid growth of 72 percent last year and demonstrated client demand for alternative finance solutions even in the smaller EU countries.”

Rumi Morales, Executive Director, CME Ventures, said: “The prominent feature of financial technology is that it is truly borderless. No one country is harnessing alternative financial markets or business models to the exclusion of any other. Rather, from the UK to Estonia and from Finland to Monaco, the entire European continent is experimenting and expanding upon innovations that can provide greater access to capital and financial services to more people than ever before.”

See the full report below. Continue reading