European investors have raised the alarm on Estonian peer-to-peer platform Envestio, which has seemingly shut down while still holding €33m (£27.87m) of lender funds. Over the past week, worried investors have taken to social media and P2P forums to complain that the company’s website is down.
In 2019, Aventus Group companies issued 193 million Eur loans – 2,6 times more than in 2018. More than one million – 1 681 667 units of credits (including credits with prolongations) in total were issued during the year 2019. It is 2,8 times more in comparison with credit volumes in 2018.
ZOPA’S winding-down safeguard fund is now covering just £75m of loans, as the peer-to-peer lender warns that provision funds create a “false sense of security”. Zopa closed its safeguard fund to new loans in December 2017
The platform has no Autoinvert function. Wisefund does not have a secondary market as such, but it offers the possibility of making liquid the investment in a project in advance by contacting Customer Service and paying a small penalty that will be specified depending on the project.
Projects marked with this shield and green tick - the vast majority - are protected by the Wisefund Buyback or Buyback Guarantee, which covers 100% of the invested capital and is activated 60 days after default.
In WiseFund, similar to the vast majority of crowd-investing platforms, we can invest Mmanually by selecting the projects that interest us most from just 10 euros per operation . Next we will take a look at the parameters that define the operations published in the marketplace.
WiseFund is a p2b crowdlending platform based in Tallinn, Estonia. The platform was founded recently in March 2019, but its management has years of experience in finance. The platform offers high rates and a buyback guarantee. You can start investing from €10, and with annual interest rates around 18%.