Tagged: repayments

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

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

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

Financing Platform Debite Launches to Support UK Startups

Debite, the “dynamic” financing platform for early-stage companies, has announced its UK launch with a mission “to help businesses more effectively manage their cashflow and maximize their growth potential.” Tackling one of the primary reasons why most start-ups fail, Debite’s Buy Now Pay Later model… 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

Real Estate Developer SIB Group Repays €1M Loan, Plus €74,490 Interest to PeerBerry Investors

PeerBerry’s business partner – real estate developer SIB Group – successfully “closed the residential building project ‘Talino’” in Vilnius, the capital of Lithuania. The real estate loan of €1 million, plus an interest rate of €74,490 (total amount of EUR 1 074 490) was reportedly… Read More

Alternative Investment Platform PeerBerry Repays an Additional €0.7M on War-affected Loans

PeerBerry business partners are reportedly repaying an additional €0.7 million on war-affected Ukrainian and Russian short-term loans. After today’s repayment, the total amount of repaid war-affected loans in April “will be €3.64 million (significantly more than the planned amount of EUR 1,3 million at the… Read More

EstateGuru Financed €16.7M in Loans in March, Despite Macroeconomic Changes: Report

As the EstateGuru team claims to have predicted, the total funded amount in March was “similar to February.” EstateGuru‘s management writes in a blog post that investors “financed €16.7M worth of loans and, despite macroeconomic changes, investor and borrower behavior remains stable.” During March, Estonia… Read More

Aventus Group Business Operations in Kazakhstan Grew Over 3 Times in 2021

Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.” At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with… Read More

Mikkel Velin: Co-CEO at YouLend Explains How Revenue based Finance Helps E-Commerce Businesses

We recently connected with Mikkel Velin, Co-CEO, YouLend, which works with digital commerce platforms (inc. eBay and Shopify) in order to offer merchants access to fast and reliable funding. During a discussion with CI,  YouLend‘s management noted that the UK government’s Help to Grow scheme… Read More

EstateGuru Reports Germany, Estonia Contributing Over Half of Total Funding via Platform in Jan 2022

The first month of this year saw €16.3M in loans originated via EstateGuru with Estonia and Germany together contributing more than half the total amount of funding. Due to seasonality, repayments came in at a “modest” at €2.5M, accounting for 23 loans with “an average… Read More

EstateGuru Platform Investors Financed €18.6M Worth of Loans in December 2021

EstateGuru notes that 2021 ended “strongly” for their platform, with their investors financing €18.6M worth of loans in December 2021. As mentioned in the update from EstateGuru, the total funded amount for the year was €2028M. In December, Estonia, Lithuania and Germany all “contributed over… Read More

EstateGuru has Financed €484M in Loans Since Inception, with Germany Remaining Platform’s Largest Market

The team at European online lender EstateGuru notes that during 2021, they have primarily focused on developing their loan origination tech and hiring new loan managers and credit analysts. This has helped them to support the relatively high volume of loan projects while maintaining a… Read More

EstateGuru Reports that Investors Financed 104 Loans Valued at €16.9M via Platform in October 2021

EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, notes that in October 2021, their investors financed a total of 104 loans, “valued at €16.9M.” Germany, which is EstateGuru’s largest market, “contributed €4.1M, while the largest volume was in Estonia (€6.1M),”… Read More

EstateGuru Finances 95 Loans Worth €21.2M in September 2021

EstateGuru, a property-backed loan marketplace catering to retail investors, notes that in September 2021, they came very close to “breaking the record set in March 2021, financing 95 loans worth a total of €21.2 million.” The team at EstateGuru writes in a blog post that… Read More

EstateGuru Reports Solid Monthly Performance with Investors Financing 84 Loans Valued at €17.M

In August 2021, investors remained quite active on European online investment platform EstateGuru and financed a total of €17.0M worth of loans (84 loans). As expected, the top-performing markets on EstateGuru this past month were Estonia and Germany, with loan volumes of €5.3M and €6.9M,… Read More

European Online Lender October Explains How Repayments are Handled Via its Platform

European online lender October explains that they aim to effectively connect borrowers and lenders. Lenders are able to invest their savings “usefully” and “profitably” in order to facilitate the funding of the “real economy” while companies or businesses “find new, simple and effective sources of… Read More

Latvian P2P Lender Grupeer Reveals it has Received Some “Positive” News from Legal Team

Latvian P2P lender Grupeer reveals that they’ve received some “positive” news from their legal team (on March 31, 2021). According to Grupeer, this is a time to be “cautiously optimistic.” The Grupeer team writes in a blog post that they had begun legal enforcement proceedings… Read More

Latvian P2P Lender Grupeer Confirms that Recollecta has Taken Over its Debt Collection, Management of Repayment Process

Latvia-based peer to peer (P2P) lender Grupeer noted on October 7, 2020 that Recollecta has taken over its debt collection and management of the repayment process. This should help speed up repayments to the platform’s investors, the lender claims. The Grupeer team confirmed that they… Read More

Social Impact Fintech Chipper Launches Mobile Feature For Student Loan Repayment After CARES Act Expires

Chipper, a U.S. social impact fintech, announced on Wednesday the launch of Explore, which is a feature designed to transform the way student loan borrowers navigate the complex repayment process after the CARES Act expires in December. According to Chipper, the feature enables borrowers to… Read More

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