Tagged: progress report

PeerBerry Business Partner Litelektra Repays €0.7M Loan to Investors, Paid €35,685 in Interest

On June 22, 2022, PeerBerry’s business partner, renewable energy company Litelektra, “repaid a EUR 0.7 million loan to investors and paid EUR 35,685 in interest.” Currently, PeerBerry investors can “invest in another Litelektra wind farm project available on the PeerBerry platform with a 10% ROI.”… Read More

Lithuania’s Financing Platform Debitum Releases Annual Financial Report

Lithuania’s borderless financing platform Debitum recently shared its annual financial report. The team at Debitum noted that they are happy that the number of registrations “reached 8360 at the end of 2021.” This means “an increase of 41%,” the company revealed while adding that it… Read More

Investors Backed Nearly €20M in Loans via EstateGuru in May 2022

European lender EstateGuru notes that their investors backed nearly €20.0 million worth of loans in May of 2022. The “best-performing” market was Estonia (€7.0M), “followed by Lithuania (€5.0M) and Finland (€3.6M).” As EstateGuru predicted last month, repayments “improved during May.” Their borrowers “paid back €14.6M… Read More

Marketplace Lender Prosper Shares Performance Update for May 2022

The team at Prosper recently shared their performance data from the Prosper Portfolio for May 2022. Highlights from the Prosper Performance Update – May 2022 are as follows: In May, approximately 58% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size… Read More

PeerBerry Loan Portfolio Grew 177% YoY, Exceeding €85.43M at End of 2021

2021 was the year of considerable growth for PeerBerry, the company claims. The platform has “almost tripled within the previous year.” PeerBerry’s loan portfolio “grew 2,77 times or 177% exceeding EUR 85,43 million at the end of the year 2021.” Last year, through the PeerBerry… Read More

Decentralized, High-Throughput, Gas Efficient IOST Platform Releases Mainnet Olympus v3.8.1

  As the crucial underlying infrastructure of a public chain ecosystem, the mainnet’s performance “determines its development,” the IOST team notes in an update. Since the mainnet launch, the IOST development team claims it has “maintained an innovative attitude and has released frequent updates and… Read More

Around 335,000 Loans Were Funded, Equivalent to €60.3M via Mintos

Mintos notes in its Mintos Insight update that for certain investment products, regulation happens from the get-go, but for others, they might “not fall into a regulatory framework straight away.” While sharing other key takeaways from the Mintos Insight report, the team noted that new… Read More

Finix Payments Reports Doubling TPV from 2020 to 2021, Firm Now Supports Many SMBs

For the past year and a half, the Finix team has reportedly been heads down, evolving their product. Now, they’re pleased to share what they’ve been up to. The Finix team reveals that they have been enhancing their products “to allow software platforms (e.g., vertical… Read More

Loans Worth €15.7M Were Funded Last Month via Robo.cash Investment Platform

A year ago, the Robo.cash platform was joined by the Philippine originator UnaPay. Presently, it is operating within the holding under the UnaCash brand. The Robocash team noted that they are pleased to share the company results for the beginning of 2022. Here are the… Read More

Alternative Investment Platform PeerBerry Reports 16% Increase in Funded Loans Volumes during May 2022

After “very positive” growth in April, in May, the volumes of funded loans on PeerBerry further “grew by 16%.” EUR 38,48 million of loans have been funded on PeerBerry last month. PeerBerry is a marketplace platform where investors can participate in short term, high interest… Read More

Croatian Lender Robo.cash Gains 25,000 Investors

Since the beginning of 2022, more than 3,000 investors have reportedly joined Robo.cash. For the first quarter, investors’ earnings amounted to a record number and the platform reached a new milestone in financed loans. On average, about 600 people a month have been “registered on… Read More

Online Pension Provider PensionBee Reveals What Happened to UK Pensions in May

The team at online pension provider PensionBee notes that they havewritten during the first few months of the year about “the challenges affecting pensions; inflation, supply chain issues and the ongoing war in Ukraine among other things.” This combination of factors “is driving down market… Read More

Notes are Now Live on European Lending Platform Mintos

The team at Mintos notes that they are pleased to confirm that the first Notes are now available on the platform. According to Mintos, here’s what you should know about the arrival of the new financial instruments on the platform. Key takeaways shared by Mintos:… Read More

European Lender Bondora Reports Record Number of Recoveries in April

Even though Bondora‘s cash recoveries declined in April 2022, the number of recovered loans increased considerably. Across all countries, recovered missed payments “increased by 2.3% to 79,281.” This means they have “a new record for the most missed payments recovered.” In March, Bondora claims it… Read More

€14.7M Worth of Loans Financed via EstateGuru in April 2022

European lender EstateGuru reports that €14,7M worth of loans were financed during April of 2022. New loans in Estonia “contributed nearly 50% of the volume, followed by Germany and Latvia.” During the past month, EstateGuru reports it has “seen a rise in investor activity and… Read More

Marketplace Lender Prosper Shares Performance Update for April 2022

The team at Prosper recently shared their performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022 are as follows: In April, approximately 56% of loan originations “were rated AA- B, remaining stable month-over-month.” Average loan size in… Read More

Consumer Finance Services Provider CreamFinance Reports “Record” €3.4M Net Profit for FY 2021

CreamFinance reports that 2021 was a “record-setting” year for the company, “finishing with a €3.4 million net profit – the highest in Group’s history.” It also reports that it continued “to improve on these results during Q1 2022.” CreamFinance has provided the following operational and… Read More

P2P Consumer Lending Platforms Are “Most Stable” in their Growth, Robo.cash Report Claims

P2P consumer lending platforms are the “most stable” in their growth, while the business segment is “increasing faster than the others,” the team at Croatian lender Robo.cash claims. Geographically, sustainable development is “mainly shown” by Croatian and Italian platforms, the Robo.cash writes in a blog… Read More

Neon, Brazil’s Newest Unicorn, Drives Innovation to Address Financial Inequalities

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

Insurtech: Pie Insurance Doubles Premium, Number of Clients, Business Partners

Pie Insurance, a technology-enabled provider of workers’ compensation insurance to small businesses, released its latest figures, “highlighting the company’s strong and sustainable growth since its founding in 2017.” In the first quarter of 2022, Pie more than doubled its gross written premium “over the same… Read More

Send this to a friend