The number of new investors joining Mintos was almost 150% higher in 2019 than in 2018. In total, last year investors on Mintos earned EUR 45 million in interest. On average, a single Mintos investor has an outstanding balance of EUR 4 725 invested across 241 different loans.
After reaching the first billion euros funded in loans on Mintos in August 2018, the next three milestones came in 2019: EUR 2 billion of loans funded in April, EUR 3 billion in August, and EUR 4 billion in November. This impressive growth rate illustrates not only demand for the Mintos service, but overall growing interest in investing in loans among individual investors globally.
Debitum Network joins forces with Cardec Factoring. Debitum Network is happy to announce that today they have formed a new partnership with a loan originator from the Netherlands – “Cardec Factoring”. This is great news for Debitum Network’s investors as they will be getting new assets to invest in with attractive interest rates and a buyback guarantee.
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