2020 was a very interesting and challenging year for a lot of businesses. But we do love to say that each challenge has an opportunity for growth. In this video, our CEO Tanel Orro would like to make a recap on what happened in 2020 at Reinvest24, what we achieved and to share some of our plans for the year of 2021.
Also, Thank You for Your continued support, trust in us and we look forward to being Your reliable, long-term investment partner also in 2021.
Reinvest24 2020 video overview
2020 was a very interesting and challenging year for a lot of businesses. But we do love to say that each challenge has an opportunity for growth. In ...
We are back with the second edition of our insider updates. And this week’s guest is from Latvia – Bauskas development project. In this blog article, You will find out the latest updates about Bauskas development project and the overall situation in Latvia. Also, see the pictures from the very heart of construction work.
Also, yesterday we have launched our 2% Diversification Cashback campaign. Are you looking for the investment strategy where the monthly cash flow of dividends is in the foreground? Then Reinvest24 real estate crowdfunding platform is the best choice of yours. Seed your future profits now. More detailed information can be found here.
As we recently expanded our operations to yet unknown for many Moldovan market we decided it would be good to make an overview of the country as such. The result of it You can see in this blog article.
hello, i am armando cela from albania. i am looking for a peer to peer lending company who wants to expand in countries like albania. i will help with anything needed towards a clients commission. feel free to contact me on my email email@example.com
Hi, community! Taking into account recent events in the p2p industry, we have made this blog post! We believe it can save many of you from bad investment decisions. Read it carefully and good luck with your investments! Stay safe! Reinvest24 team
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.
This week Estonian police started a criminal investigation regarding the crowdfunding platform Envestio. The case is being investigated as investment fraud.
According to figures from the Envestio website before it went offline, around 33 million euros in investor funds were collected from around 13,000 investors.
There’s no easy way to make money and p2p lending is tremendously great, however, mostly sold to people who wouldn’t otherwise put money at risk this much. I’m a big believer into P2P but haven’t seen a very compelling model yet.
Last replied by runted on Saturday, 14 January 2017
Today I received an e-mail from Envestio, reacting on the recent developments around Kuetzal.
Envestio reacts to panic on Baltic crowdfunding market, caused by collapse of Estonian platform Kuetzal, by returning its former COO Evgeniy Kukin back on his position.
The end of 2019 on Baltic crowdfunding market has been quite challenging for all players, as failure of Kuetzal platform caused a crisis of trust and provoked many investors to withdraw their funds from the market.
Envestio also faced a number of pre-mature investment buybacks and subsequent withdrawal of funds, which were accomplished without any delay and in full amount thanks to Envestio’s reserve fund, which in present circumstances varies from EUR 500 000 up to EUR 800 000.
Furthermore, in order to minimize the room for negative rumors and speculations, caused by changes in the management board of Envestio, which took place almost simultaneously with similar changes in Kuetzal (due to absolutely different reasons, though – Envestio was purchased by a solid European investor) the new owner of Envestio, Mr. Arkadi Ganzin has reached the agreement with former COO of Mr. Envestio Evgeniy Kukin to return to this position starting from January 15, 2020.
At the same time, Mr. Eduard Ritsmann, who was appointed to the position of COO and Development Director right after the sale of the platform in December 2019, will continue working for Envestio as the Head of Sales.
Hence, no parallels should be drawn between Envestio and Kuetzal cases, as Envestio retains onboard the whole team of professionals, with which it became one of the leaders of the Baltic crowdinvesting market, earned trust of almost 15 000 registered investors, and kept perfect payment discipline as well as is in command of solid financial reserves to ensure uninterrupted and trustworthy operational activity.
On FundingSecure home page:
Important UpdateFundingSecure Limited ("the Company")
Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson (‘the Administrators’) of CG & Co (‘CG’) were appointed Administrators of the Company on 23rd October 2019. The administrators are working closely with the FCA who consented to their appointment over the Companies.
The Company was placed into administration on 23rd October 2019 by a resolution of the board of directors of the Company. As a result of the administration no legal proceedings may be commenced or continued with against the Company without the consent of the Administrators or leave of the Court. The Company is now protected from any third party actions by virtue of a statutory moratorium.
The administrators have set up a dedicated email address for creditors to contact the administration team.
We will only be able to respond to urgent queries. However, key updates on loans will be ongoing and accessable on the investor platform.
Due to the early stages of the administrations, the information we have is limited, we therefore request that creditors continue to consult the website and historic investor updates in the first instance. We will continue to update investors and creditors as additional information becomes available so please watch this website for updates.
The business and affairs of the Company are now controlled by the Administrators who act as agents of the Company and act without personal liability.
Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson are licensed as insolvency practitioners in the United Kingdom by the Institute of Chartered Accountants In England and Wales and the Insolvency Practitioners Association.
Last replied by runted on Thursday, 24 October 2019
The P2P lending platform is going to manage well if people are going to be willing to invest. Everyone who wants to lend on a P2P platform needs to make sure that they are going to get better results by making sure that they have picked the right place to go. People that do not feel safe will not lend, and the industry is going to have to do some work to help make people feel as safe as possible when they are lending.
Last replied by sedgerhy10 on Wednesday, 23 October 2019