UK crowdlending with TFGCrowd – Interview and review

Hello to another blog post on Invest diversified blog EN. After my interview and short review of Boldyield* I checked my watchlist and stumpled again over the crowdlending platform TFGCrowd*. The platform is around some time and there are plenty of projects available. That triggered me and I created an account on the platform and invested 100€ in my first project. That’s the minimum investment needed.


Platform

TFGCrowd* was founded in Estonia in June 2017 (registration number 14278391) and is part of the TFG conglomerate (The Financial Group Limited) which offers also other branches like the FCA regulated TFG Pay service. The platform is registered under the Estonian regulator authority.

Registration & Identification

In general the registration is like on other platforms. As investor you have to give your personal information, address etc. and verify this information with an id card. So no big deal!

Dashboard

At my first login I expected to see a dashboard right away. But instead the platform displayed the current open project. The Overview, how the dashboard is called at TFGCrowd*, is hidden in a menu under the investor’s name. It shows rudimentary numbers. The only available language is English.

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Under My investements you can find more information like the scheduled payment plan. Here you can see also the expected monthly payments. The one with the green color is the first payment I received. Also the loan agreement is attached in this section.

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Projects

Of course the interesting part of a crowdlending platform like TFGCrowd* are the projects the platform offers. The newest project for example is a business loan for a cosmeceuticals company from Switzerland. Most of the projects have a 6 to 12 months term. I prefer to invest in the ‘short-term’ ones because everything is getting more predictable. Interests are paid monthly.

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The investors are called Backers which sounds somehow weird even if the word itself is correct. Like on some other platforms there is a minimum investment target and also a deadline.

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Inside a project there is of course a project description and some more information like the purpose of a loan, images of e.g. a product. Also interesting are the documents attached to the description. My first project I invested in was the Indoor playground for kids and here you can find a business plan.

That’s it for a short impression. If time goes by and I decide to stay for a longer period on a platform and invest more of my money I’ll doing a longer review next year.


Interview
First of all thank you for the interview. Let’s start with a introduction of TFGCrowd. Can you say some word about the platform, the business model and the history?

TFGcrowd* is the business crowdlending branch of TFG (The Financial Group Limited), which has a number of companies dedicated to providing specific services in the conglomerate, the best known being TFG Pay a credit company authorized by the Financial Conduct Authority of United Kingdom (FCA).

Despite being registered since 2017, TFGcrowd recently opened its operations at the beginning of 2019 to any European investor interested in participating. We were inspired by belief in entrepreneurs that dream big and were motivated to make equity investment accessible, so businesses could harness the belief they get from customers, investors and friends to fuel a more wonderful tomorrow.

Could you introduce yourself and a the team for the readers?

Emil Kerimov – Founder and Executive President
Emil is an ambitious and audacious entrepreneur who has more than a decade of experience in financial institutions, during which he has successfully created and managed different startups across Europe.

Natalja Nikitina – Commercial Director
Natalja is a successful specialist in Business Management who puts all her experience and talent at the service of TFGcrowd in order to achieve the objectives set by the Company’s Management.

Elans Dimitrijevs – Business Development
With a double degree in International Business and Law, Elans contributes all his good work in the business development of the TFGcrowd team.

Vladislavs Ovcarovs – Technology Director
Specialist in Marketing and Information Technology, Vladislavs is the technology manager of this business crowdfunding company.

You have three offices. Are they specialized on project types?

We are headquartered in the UK, but have offices in other countries for our customers and investors convenience.

Could you give me a step-by-step example how a project comes to the your page (and how long that process is normally)?

We receive full package of information and documents that we need, then we carefully evaluate each borrower’s ability to repay the loan. We are examining the information about the borrower, his reputation, financial background and current commitments. Our expert team evaluates the business plans, financial reporting and loan security. Normally it takes 1-2 weeks, but the deadline may be extended if additional information is needed.

What if a project missed the funding goal? Do you invest your ‘own’ money to fill it up?

Typically, each project has a minimum and a maximum amount required. If we have collected at least the minimum amount, then the project will be launched. We do not have the right to invest our capital, as at present only private persons have such an opportunity.

How does the risk management work exactly?

Our main priority is 100% customer satisfaction and enabling the right choice for our investors. All deals (whether investment projects or property deals) are transparent, secure and are subject to any requirements specified by law. Our expert team has a risk rating for investment projects which is an expression of investment opportunity’s aggregated risk level, calculated as a sum of qualitative and quantitative evaluations of opportunity’s different parameters. Amongst other criteria, that rating considers investment opportunity’s capital structure, financial leverage, location, stage, cash flows, teams’ track record, collaterals etc.

Do you want to release features like an auto invest?

We already have included that option into our next release of the website as the main keywords for the auto invest feature are comfort, speed and automatization. Auto invest ensures our investors will not miss an investment opportunity due to high demand and the investment will be placed based on their chosen criteria automatically, without having to stress about it.

Minimal investment is about 100€. Do you think about lowering it?

The minimum amount you can invest is 100 EUR and there are no future plans to lower it.

In September you introduced a buy-back fund for cases of default like Crowdestor. What if there is a default and the fund is empty at some point. What happens in such a situation?

More than that, now we offer Buyback Guarantee EXTRA! You already know that here at TFGcrowd we provide a Buyback Guarantee from the TFG Buyback Guarantee Fund for projects market with Buyback Guarantee. We are now taking another step towards even safer investments for our investors and setting up Buyback Guarantee EXTRA for all the projects currently open for investments on our platform. This buyback guarantee will be provided directly from TFGcrowd funds (not the Buyback Funds or the Loan Originator’s funds);

Do you have plans for a secondary market?

The same as with Auto Invest function we already have included that option into our next release of the website.

How do you invest personally?

Like anyone else we evaluate the risks and the opportunity to earn.

What are your plans for 2019/2020? And what is the next milestone?

Business customers, auto invest and secondary market

At the moment there are no options to invest from a company’s account, only private investors have that opportunity.


My thoughts

TFGCrowd* is unique in that way that they physically have an office in UK. And at least one person sits there. Also the projects are somewhat interesting. Never saw cosmeceuticals projects on a crowdlending platform so far. What I also like is the project term of around 6 months, which I will focus on, and of course the high yields. That’s at least enough to find the way in my portfolio for a trial period. 

I’m sorry that there is no bonus which I can forward to you. To make it transparent: I’m getting 20€ if you invest at 100€. So if you are interesting in trying out a new platform, you can use my links. And if not I’m not mad at you 🙂 Anyway thank you for reading so far! See you next time!


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016), Instagram (invest diversified) and Facebook in which I invest myself. There are also a few insights into how I invest in other areas. If you are interested I would be glad if you follow me.

 

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

Boldyield – High yields? – Review

With Boldyield – High yields? – Review I would like to introduce you to a very fresh platform that just was launched. It’s Boldyield* which is registered in Estonia, but with its head office located in Riga, Latvia. It is a crowdlending platform that focuses on three areas. Real estate and business loans, as we already know from other platforms. However the third area is new which is why I am so interested in Boldyield*. This area is maritime transportation. Also real estate loans open up opportunities for diversification. For example, the first project is a real estate development from Norway.

Platform & Team

Boldyield* was founded by the former Chief Business Development Officer of Grupeer, Edgards Mass, in April 2019. There is once the Boldyield SIA (Registration No. 40203207715) and Boldyield OÜ (Commercial Register No. 14720152). Arturs Sneiders as Head of Legal and Aivars Locmelis as Board Advisor are still on board. Also coming from Grupeer is Marketing & Communications Manager Viktorija Bondarjonoka which was my contact for the interview and answered all of my questions very quickly.

The Boldyield team

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In total the team has up to 25 years of experience in real estate and business loans as well as in maritime transportation.

Registration & Identification

Registration is actually standard and should be feasible for everyone. In order to identify both sides of the id card and a confirmation of the address (e.g. electricity bill etc.) have to be uploaded.

Only the personal pin code, which is necessary to confirm an investment, is important. This can be generated or edited under ‘Profiles’ and ‘My Profile’.

Dashboard

The dashboard

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Boldyield* starts in English only. But that should not be a problem. Further languages will follow. The website is still very simple and the design is in maritime blue. In the dashboard you get the usual information. It is quite nice that accrued interests  are also displayed.

Projects

So far one project is available. As already described, it’s a real estate development in Norway. Grupeer once had Norwegian development loans, but besides that I don’t know other platforms with Norwegian loans. That’s why it’s a good chance for me to diversify further.

Rough project overview

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14% for 10 months is probably the most important information for investors. Furthermore, the project overview provides information about the minimum and the maximum amount to be financed. The project details show a little more information and also offer a detailed project description.

Detailed project overview

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A very interesting point for investors is at the bottom of the project description. Possible exit opportunities are listed there.

 

Possible exit strategies

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That’s it for a first very rough summary of the Boldyield* platform itself. Let’s continue with some answers to my questions.

Interview
What do you think is the USP compared to other platforms?

The main USP is that all of our projects provided will be asset-based. As well as the possibility to invest in 3 different industries such as Maritime Transportation, Real Estate and Business Financing within one marketplace. As I know, no one from the Baltic region market players provides investment opportunities in Maritime Transportation as here we are talking about dry bulk cargo vessel class as the general, which has proved most of the stability through even tough years.

Could you give me a step-by-step example how a project comes to the your page (and how long that process is normally)?

Sure, the whole review process is divided into 2 parts: preliminary and final round. A preliminary round usually takes from 2 to 5 days and the final round depends on the complexity of the project, but usually, it takes from 2-5 weeks (considering that all necessary documents are prepared in advance).
The process starts with locating potential interest from our pool of contacts receiving first feedbacks and offers from them, as well as adding proactive activities to find new opportunities. After receiving the offer, we do preliminary checks, where the basic information is reviewed and our independent calculations are made. If this offer meets the standards of our approach, we continue the onboarding process. Further, we request detailed information. When appropriate, we order a independent 3rd party opinion, even more competent in the necessary field. Summarizing all perceived data and making certain decisions, we agree on the final terms with the borrower. Additionally, on our website, we have a “Offer” section with the form, made for collecting offers from the borrowers.

Do you plan to release features like an auto-invest?

Yes, an auto-invest is the feature we are looking forward to implementing in the future. But our first priority is to find and keep the balance of demand and supply as from the beginning there will be no new projects each week. 

The minimal investment is about 100€. Do you think about lowering it?

The minimal investment will vary from project to project. As for the first one- it will be 100€. This information will be available in the description of each project. 

You have no buy-back fund for defaults like Crowdestor or other platforms. Do you plan with such features?

Instead of that we already are operating with asset-based projects, so even in case of default, there is a limited opportunity to lose money. Also, we have other ideas, how investors’ funds will be secured even more, but that is a question of the near future.

If I want to sell my projects, that isn’t possbile at the moment. Do you have plans for a secondary market?

As you can see, section 8 in our Terms&Conditions is for the secondary market, therefore yes, we are planning to add it as well, but it is not planned in the nearest future as we would like to have the market response first, to see how everything will run and how fast/slow projects will be financed. Whenever we will feel that there is a demand for it, the secondary market will be delivered. 

What are your plans for 2019/2020? And what is the next milestone?

Until the end of 2019, our target is to onboard and get financed 2-3 projects and for 2020 we want to stabilize our operations: project and new investors’ flow; As we have in plans to launch many interesting projects for investments, 2020 is going to be the year of BOLD.

My assessment

As already mentioned, I find the platform very interesting for reasons of diversification. I already have Finnish real estate in my portfolio (via EstateGuru*) but not yet Norwegian ones. Maritime transportation projects are also something I haven’t seen so far on other platforms. With the 100€ minimum investment, I will invest slowly and see how Boldyield* develops in the next months.

Bonus

As the platform is new to the market and wants to attract investors, Boldyield* offers new investors an additional 0,5% on their investments. This offer is valid until 30.04.2020. After that the bonus will be reduced to 0,3%.


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. There are also a few insights into how I am invested in other areas. If you are interested I would be glad if you follow me.

 

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

Portfolio-Update October 2019

Hello dear investors,
portfolio-update-october-2019
today the portfolio update October 2019 is on the agenda. What has happened in my portfolio? Well, if you look at the total amount it’s less than in September. However, there have been some redeployments as part of my platform consolidation. What exactly was moved from where to where and why I would like to describe in the following blog post.


XIRR Table
portfolio-update-october-2019
PlatformXIRRChange to previous monthInvested
Wisefund*25,01%- 1,85%1.130€
Monethera*20,83%- 0,43%1.200€
Kuetzal*18,78%- 0,49%1.730€
Envestio*16,84%- 0,40%1.830€
Grupeer*13,10%+ 0,60%1.770€
Mintos*12,86%+ 0,26%5.100€
IUVO11,94%- 0,32%1.095€
Bondster*11,67%- 0,18%655€
PeerBerry*11,69%+ 0,55%665€
NeoFinance*11,03%+ 0,68%1.045€
Viainvest*10,46%+ 0,26%1.055€
Crowdestor*9,50%+ 0,31%4.760€
EstateGuru*9,42%+ 3,26%1.575€
Viventor11,62%+ 3,78%130€
Bondora GG*5,93%-0,17%890€
Crowdestate*3,38%+ 1,66%1.595€
Bondora*0,33%- 3,11%355€
ReInvest241,08%+ 0,22%490€
Exporo*1,99%+ 1,99%1.005€
Bulkestate*0,15%+ 0,02%1.215€
EvoEstate*-0,31%+ 1,53%1.215€

portfolio-update-october-2019

Wisefund confirms his 1st and now comes to an XIRR of 25,01%. The XIRR is now likely to fall further, adjusting somewhere at 18-19%. I have now invested in 13 projects at Wisefund. Three projects are not yet fully funded and are suitable for a first investment. My investment in the individual projects is 50-200€. In total I’m invested at Wisefund with 1.200€. For more information about the platform, read the interview with CMO Ingus Linkevics.

Wisefund* by the way offers you 0,5% cashback on your investment in the first 270 days!
portfolio-update-october-2019

The No. 2 in the XIRR ranking in October is also Monethera with an XIRR of 20,52% (-0,74%). I’m invested in all available projects, in total 12, with 50-175€. Also on this platform I am now with 1,200€. By the way the project ‘Transportation of lumber‘ was successfully repaid when writing this blog post. In an interview with CEO Andis Tauber, you can get more information about Monethera.

At Monethera* with my link you get 5€ as a starting bonus and 0,5% cashback on your investments in the first 90 days.
portfolio-update-october-2019

3rd place also goes in October with 18,78% (-0,49%)  to Kuetzal. Other than in September there were enough projects this time and I was able to invest in 4 of them. A total of 1,730€ has now been invested there. Kuetzal runs completely silent and interests are paid on time. That’s how it can go on!

The Kuetzal link gives you 0,5% cashback on your investments for 180 days.

4th place also remains unchanged and goes to Envestio with an XIRR of 16,84% (-0,40%). Interest at Envestio are paid on time. In October two new projects were added and also a few old ones, as know from Envestio in several tiers. In total, there are now approx.  1.830€ invested.

5€ are available as a bonus* at the start (100€ minimum investment) and also 0,5% cashback during the first 270 days.

Also in October, 5th place goes to Grupeer again. The XIRR is now 13,10% (+0,23%). After the three new loan originators from Kenya (e-Mkopo), Latvia (Sauleskredits.lv) and Great Britain (Cubefunder) in the previous month, Epic Cash (Russia) and Lion Lender (Russia) were also added in October (incl. cashback). In addition, Grupeer has introduced a rating of its loan lenders, which you can read here.

After my thoughts to increase the investment at Grupeer I did it and moved a part from Mintos to Grupeer. So now I come to approx. 1.770€.

Until November 17th there is  with is still a 1% cashback on your investments at Grupeer with my link.
portfolio-update-october-2019

Mintos also holds its place in the XIRR ranking and still stands at 12,86%. As mentioned and despite my announcement not to withdraw any money, I have money transferred to Grupeer. This also benefits diversification.

Unfortunately there were negative news. It seems that the loan originator Rápido finance have some bigger problems. I didn’t have any of their loans in my Mintos portfolio. Also the Aforti story isn’t over. There was also a adjustment of the loan originator ratings at Mintos. But there is still some positive news. The Ukranian loan originator Dinero is now also paying interest on late payments.

Mintos* offers you a 1% bonus on the average investment at the start on the platform. This will be charged after 30, 60 and 90 days.

IUVO comes to 11,94% (-0,32%) at 1.095€ investment. IUVO or the loan originators do not pay interest on late loans. Therefore, there is a difference between the XIRR and the return displayed in the dashboard (14,14%). Furthermore, everything is nicely reinvested.

By the way, IUVO offers you up to 90€ for the start on the platform. 30€ is available for an investment of 1.000€, another 60€ for 2.500€. If you’re interested just send me a short message. Unfortunately a small manual interaction is required.

11,69% (+0,55%) is the XIRR on PeerBerry . All short-term loans have now expired and only long-term loans are left in the portfolio. These are then transferred bit by bit elsewhere, so that sooner or later I withdraw completely from PeerBerry. As mentioned above the divestment is mainly (but not only) due to the consolidation of my platforms. 

PeerBerry* has introduced a loyalty bonus even if the requirements are very high:

    • 0,5% for 10.000€
    • 0,75% for 25.000€
    • 1% for 40.000€

Bondster* continues to grow nicely. Currently approx. 655€ are invested. As part of the consolidation of my platforms, PeerBerry has been reduced and Bondster* has been increased. As a result the XIRR drops slightly to 11,67% (- 0,18%). I have planned to increase to a total of 1.000€.
The platform is ideally suited for diversification!

The XIRR continues to climb to 11,03% (+0,68%). I’m still happy with NeoFinance, but it’s now clear that there will be definitely some defaults. The return calculated by the platform is now 18,31%. There is a deduction of 15% withholding tax (can be reduced to 10% by the way). I now have three default loans that I could sell to NeoFinance which I won’t.

NeoFinance* has a 25€ bonus.

The XIRR at Viainvest is 10,46% (+0,26%) and is moving closer to 11%. As a platform for diversification I can clearly recommend Viainvest and I will continue to invest here.

For the start at Viainvest* there is a 10€ bonus. For this only 50€ need to be invested.

Crowdestor* provides every month highlights with interesting and slightly different projects. The financing of a fur farm, which has already filed for bankruptcy, has caused an uproar. Nevertheless, Crowdestor is very confident about recovery. Also in October I invested a little more, but not quite as much as in September. Nevertheless, I now come to 4.770€ investment with an XIRR of now 9,50% (+0,31%).

Why is the XIRR that low?  Now often the new projects have a slightly different structure, e.g. that the interests are accumulated and only payed after 6 months and so on.

Why did I increase the investment so much? The reasons for this is, on the one hand, increased trust in the platform and the mentioned consolidation in which I would like to increase the share of crowdlending platforms. If you want to know more about Crowdestor, I recommend my interview. On the other hand, I would like to refer to the blog post by Georg from Crowdlendingrocks.eu. He has a very interesting Q&A with Janis and Gunars from Crowdestor with great insights on his blog.

With this link* you can get 1% on top for 180 days on your investment!

At Viventor* only approx. 130€ are left. So my withdrawal is almost complete. Of course the XIRR increases due to sale to 11,69% (+3,78%) . The money was transferred to Bondster and EvoEstate.

I’m now invested in 26 projects at EstateGuru*. The XIRR is at 9,42% (+0,29%) increased to 1.575€. Also in October I was able to trade a little bit at the secondary market. As part of the consolidation I will continue to increase at EstateGuru.

At EstateGuru* there is 0,5% cashback for 3 months.

Go & Grow

The better product at Bondora* despite a cap of 6,75% is Go & Grow*. I mainly use it for a small part of my cash. Since there are some debits taking place here and there and you have to pay a fee of 1€, the XIRR is slightly lower with 5,92%. However, I do not want to miss the liquidity available here. 

5€ are available at Bondora* right after registration. If someone wants to invest a larger sum, just send me a message (I share my bonus).

The problem child in October is definitely Crowdestate*. There are now a total of 1.600€ invested in loans with 13.5-17%. In September it was 1.700€, so I deducted 100€. This could happen more often in the future. The Baltic Forest X project now has very big problems so that payments are stopped until summer 2020. Furthermore, the project can no longer be traded on the secondary market. On the secondary market I was a bit more active in October and so the XIRR also increases to 3,38% (+1,66%). The other  projects have paid the interest as planned. 

For me the loan portfolio at Bondora* consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I’m not reliant on the ~370€. Therefore, the money stays where it is for the time being.

I can’t really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora’s* recovery process is one of the best in the p2p industry, there are plenty of alternatives.

1,08% is the XIRR in October at ReInvest24*. Of course the 2% fees per project have a negative influence. The first apartments have been sold at the buy-and-flip project Majaka 54. Round about 490€ are still invested at ReInvest24.

If you want to invest directly through ReInvest24* and not like me via EvoEstate*, the platform offers a nice cashback promotion with 1% cashbackin the first year!

Exporo made the first quarterly distributions. I invested there with 1.000€ and was happy about a 7€ gross dividend. This means that the XIRR is currently at 1,99%. It’s possible that one or the other suitable objects will be added. However I think I’ll invest more in the REIT direction.

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland. (yet). I am invested in a stock property (so an existing building which is already rented) at Exporo* with 1000€. The expected return is expected at 4,5% and payments come in every quarter. However, I would like to expand the investment in the future.

Exporo* does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you.

By the way, Exporo offers you 100€ cashback for your first investment.

1.250€ are invested on Bulkestate*. September was really quiet except the second payment of interest of a project. Therefore XIRR jumps to 0,10%. I want to mention that almost all projects are final. In the event that there are no defaults (which I hope so, of course), the return is expected to be around 15%.

I’m not going to increase my investment in Bulkestate for the time being. Initially, I had considered investing in Bulkestate projects through EvoEstate. But that doesn’t work, which is why I leave my investment that way. So what is the reason? You can read about this in the EvoEstate – project originator overview blog post.

The last platform is now EvoEstate*. In September I still had about 625€ invested on the platform. This has now been almost doubled to 1.215€. The second market announced in the interview and my buy at the secondary market is still responsible for the negative return of now -0,32%. However, I have already received the first interest payments from three projects. I also recently published a blog post in which I take a closer look at all project promoters connected via EvoEstate.

Many more project originators  will be added (the project originator overview will then be updated) and in the near future also interesting features such as e.g. margin trading and a new design.

All in all I’m very satisfied with the development of the platform and I think you can still get ready for a lot more :).

EvoEstate* offers you 15€ for a good start on the platform. The bonus will be there after the 1st investment.


Outlook & Summary

The share of buy-back p2p platforms was significantly reduced as planned and the crowdlending platforms were increased in return. Overall, the distribution now looks like this:

    • 35,94% (-6,81%) Buy-back P2P
    • 35.64% (+6.87%) Crowdlending
    • 20.67% (+2.15%) Real estate P2B
    • 4,74% (-0,16%) Real P2P
    • 3,02% (-2,04%) ‘Short-term’ P2P

As seen in the XIRR ranking the crowdlending platforms Wisefund*, Monethera*, Kuetzal*, Envestio* are of course at the top. And Crowdestor* will also line up there. A new platform will be added soon. In the coming months I would also like to strengthen the real estate p2b platforms with EstateGuru* and EvoEstate* without completely neglecting the buy-back p2p platforms.

I hope you find my summary interesting. I am always open to constructive criticism and proposals. See you next months!


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. There are also a few insights into how I am invested in other areas. So just follow me :).
portfolio-update-september-2019

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

EvoEstate – project originators overview

A while ago I was able to conduct an interview with Gustas Germanavičius, the co-founder of EvoEstate, and presented the platform briefly. A lot has happened since then. A secondary market has been added, many new projects and above all  many new project originators were connected. Some of them are certainly known such as Brickstarter, Crowdestor or ReInvest24. Others, however are completely unknown to new investors. In this blog post I would therefore like to shed some light on these and give an EvoEstate project originators overview.

Spanish project originators

As you can see from the graph the majority of the project originators are Spanish companies. Directly followed by the Baltic project originators. This should be taken into account if you want to build a diversified portfolio at EvoEstate.

Brickbro is one of the smaller project originators based in Barcelona. Brickbro specializes in fix & flip projects in the Barcelona metropolitan area and in the madrid area in the future. The company is still relatively young and was founded in 2018 by Guillermo Preckler. If you want to invest directly via Brickbro, a project-dependent minimum investment of 50€ to 300€ is required. In addition, you have to be a Spanish citizen in order to be able to invest at all. EvoEstate offers a unique opportunity here where the Brickbro parent company offers an opportunity to invest in their private deal. Usually this investment has a 50.000€ minimum ticket, but with EvoEstate you can invest from 50€.

Brickstarter is a little more well-known, but also a relatively young company (founded in 2017). The loan volume is similar to Brickbro. Brickstarter specializes in apartments in Seville, Alicante and Malaga, which are first rented out and later flipped. Their apartments are rented out in Airbnb and Booking.com platforms and generated attractive net 5-6% annual returns, but also with these returns investors participate in capital gains which are expected to be 2-3%. At Brickstarter directly, investors can invest in projects with just 50€.

For Brickstarter 0,5% cashback is available for 90 days.

The next Spanish project originator is called Civislend . Civislend was founded like Brickstarter in 2017. The platform specialises in development projects in the Madrid and Malaga area. This project originator is also one of the smaller ones, but is regulated by the National Securities Market Commision (CNMV). The same applies to Civislend as brickbro, and you can only invest through EvoEstate if you are not a Spanish resident. Civislend is considered a quality lender and their returns might not be the highest (6-8% annualy), but they carry out a high quality research. As well if you compare it to Housers, their fees for the borrowers range between 3-4%, housers 7-9%. Which means that Civislend’s borrowers borrow for 10-12% intrest rate, while Housers for 17-20%. You see it’s a different risk level.

The largest connected project developer at EvoEstate is Housers. The company was founded in 2016 and was the first real estate platform in Spain. To be precise, Housers is a marketplace. It can invest not only in Spanish loans, but also in development loans from Italy and Portugal. You can also invest with Housers from 50€.

EvoEstate lists only those Housers projects that have development licenses or are renovation projects. This has to do with the changed risk profile, because many of their projects are high risk, due to the borrowers’ interest rate explained before.

Also founded in 2016 was Inveslar – The Urban Investors. The platform has focused on the markets of Madrid, Barcelona, Valencia and the Costa Brava. On the positive side, there have been no failed projects since its inception and investors have not had any outages. At Inveslar, a minimum investment of 100€ is required. Inveslar from last month became regulated, as they are using Socilen regulatory umbrella. Inveslar as Brickstarter and Reinvest24 are directly the project owners. They have been in Catalonia’s real estate market for the last 30 years.

Propcrowd was founded in 2018 and is working with Forcadell. This company has over 60 years of experience in the Spanish real estate market. Propcrowd also requires a minimum of 100€.

At EvoEstate there was no Propcrowd deal so far. As soon as there is a project fitting the criteria, it will be offered at the platform.

Stockcrowd is the second largest project developer at EvoEstate. The Barcelona-based company was founded in 2015. They are also directly regulated by the CNMV. They provide sort of a small platforms to real estate developers and real estate investment funds- Brickbro is one of their clients, without the technical solution, they also provide the regulatory umbrella. To invest through Stockcrowd investors shall provide NIE/NIF which is only possible if you are a Spanish resident. However, with EvoEstate you can invest from anywhere in the world. Their investments are usually fixed-interest loans in Spain- mostly in Barcelona area.

Urbanitae (founded in 2017) is a project originator that is directly regulated by the CNMV. Spanish residentship is necessary in order to be able to invest directly in Urbanitae. Urbanitae specialises in new developments in Madrid area, the form of investment is equity- meaning highest risk / highest returns. Their target returns rate is 14-15% annual returns. The minimum investment on their platform starts from 500€, while investing through EvoEstate you can do it just for 50€.


Baltic project originators

The Baltic project originators from Estonia, Latvia and Lithuania are the second largest group. Three of them are already known to many investors. The other two not, at least for me.

The Latvian platform has focused on buying whole apartments, renovating them and then selling the individual apartments. Since its foundation in 2016, Bulkestate has had no defaults and many successful projects. With as old as 50€ you can invest directly at Bulkestate, if you want to. It should be noted that almost all projects are final. In the future, however, there will also be more projects that pay monthly interest. That’s the positive thing.

The negative thing is that there will be no more Bulkestate deals at EvoEstate anymore. Mainly it’s because the deals doesn’t fit the skin-in-the-game criteria of EvoEstate.

But a thing that has really brought to them concerns, was that Bulkestate has been financing their own deals, switching mortgages without providing the necessary documents to help investors make informed decisions. 

When EvoEstate has ordered documents about their companies from the state registry they have found complicated ownership structures and they were reluctant to explain why have they chosen to do it this way. That’s the reason why EvoEstate will not offere Bulkestate deals anymore.

Yes, my favorite platform Crowdestor is also represented at EvoEstate. To be precise, one could invest in the ‘Industrial business center Tvaikonis’. Gunars and Janis founded Crowdestor 2018 and the platform has a steep track of success. Not for nothing is Crowdestor the second largest platform in my portfolio after Mintos.

By the way there is a special deal with my link. 1% cashback on your investments in the first 180 days.

However, it’s important to note that EvoEstate does not take all their deals for financing, where they find too high risk or lack of documentation to make proper financial analysis.

Projects from the Nordstreet project originator are more common at EvoEstate. Three projects have already been successfully repaid at EvoEstate. There are many more successful projects to be found directly on Nordstreet. The platform was founded in Lithuania in 2018 and investors can invest in real estate projects as early as 100€. Projects from Lithuania and Vilnius are mainly financed. An interesting exception, however, was a property from North Carolina, which was also listed on EvoEstate. Nordstreet is directly regulated by the central bank of Lithuania and is the 2nd largest platform in Lithuania. 

Another rather unknown project originator is Profitus. The lithuanian-based company was founded in 2017 and mainly finances projects from the Lithuanian cities of Vilnius, Kaunas and Palanga. Like Nordstreet, Profitus is regulated by the Central Bank of Lithuania.

EvoEstate will finance deals from Profitus which fit their skin-in-the-game philospohy.

If you look at the lower end of my XIRR ranking, you will also find ReInvest24 there. Responsible is the 2% fee per project. Nevertheless, the business model of the Estonian platform is, in my opinion, very good. They specialize in real estate projects, which are either renovated and then rented out or even sold through. ReInvest24 was founded in 2017, but the team has a long experience (since 2005). On the platform you have to invest at least 100€.


German project originators

Germany and the real estate market there are also represented at EvoEstate. Although only two platforms have been used so far, this will change in the future.

One of the most famous German platforms is certainly Bergfürst. The Berlin-based company was founded in 2011 and finances projects from Germany, Austria and Spain. On EvoEstate, Bergfürst is the second largest project operator. There you can invest from 10€ by savings plan.

Rather unknown, at least for me, is iFunded. Founded in 2015, the Berlin real estate agency focuses mainly on Berlin real estate. The portfolio also includes those from Erfurt or Leipzig. Most projects are subordinated loans, but there are also loan receivables and bonds. The available projects have a return of 5-7% over a term of one to five years.


Project originators from Great Britain

The UK is also represented by EvoEstate with two platforms. What is exciting is how the whole thing will behave with Brexit. EvoEstate informed that they shall launch the UK dealflow as soon as they implement internal currency exchange tool.

Founded in 2015, Blend specializes in growth projects with up to 15% return on investment. For this, however, investors must also put at least 1,000 Pounds on the table.

The Birmingham-based investment consultancy was founded in 2013 by current CEO Mike Bristow and is regulated by the Financial Conduct Authority (FCA). Crowdproperty has a mega track record. The minimum investment on the platform is £500.


Dutch project originators

Our neighbour is also represented with a platform.

evoestate-project-originators-overview

Max Crowdfund was founded in Rotterdam in 2015 and is the first Dutch crowdfunding platform for real estate in the country. The platform can already have 75,000 users, who can invest between 100€ and 1000€ depending on the project.


Italian project originators

The smallest project operator called Re-Lender comes from Italy (founded in 2018) and can only boast a single project of €400,000. Two more projects are expected to be added soon. However, it remains to be seen how the whole thing will develop. In the blog of EvoEstate, Re-Lender was introduced in more detail.


Facts

Let’s take a look at the different types of loans. Development loans represent the largest part. There are a variety of different types of credit. Personally, I find buy-to-let, buy-to-sell and buy-to-let-then-flip the most exciting.

As with many real estate projects, there is of course a large proportion of final projects. This must, of course, be taken into account if we want to diversify sensibly. However, the proportion of projects that pay monthly or partly monthly is still quite high.

The following diagram shows project starters after the loans granted. It is striking that many Spanish project originators have rather lent smaller amounts of credit. Apart from Housers.


Summary

A total of 19 platforms are now connected via the EvoEstate aggregator platform. And to anticipate it, it won’t be the last. In my opinion, EvoEstate offers above all the opportunity to invest in the southern European real estate market. But the Baltic states, Great Britain and Germany are also covered. In addition, there are 16 different types of credit. True to my motto ‘Invest diversified’ nothing stands in the way of maximum diversification.

If EvoEstate is worth a look my link gives you a starting bonus of 15€.


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. There are also a few insights into how I am invested in other areas. So just follow me :).

 

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

Portfolio-Update September 2019

Hello dear readers,
portfolio-update-september-2019
today I would like to write about my portfolio update for September 2019.  My portfolio has grown to almost 30.000€. After 2.100€ in August it was even more in September. In fact, almost 2.800€ were investen on various platforms. Which ones? You can read this in the blog post below. 

XIRR Table
portfolio-update-september-20192019

PlatformXIRRChange to previous monthInvested
Wisefund26,86%+ 16,07%1.000€
Monethera21,26%- 0,11%1.000€
Kuetzal19,07%+ 0,96%1.345€
Envestio16,29%+ 1,07%1.700€
Grupeer12,87%+ 0,37%1.250€
Mintos12,60%+ 0,18%6.460€
IUVO*12,18%- 0,10%1.085€
Bondster11,85%- 0,45%635€
PeerBerry11,14%+ 0,01%960€
NeoFinance10,35%+ 1,16%1.035€
Viainvest10,20%+ 0,37%1.045€
Crowdestor9,19%- 1,66%4.170€
EstateGuru9,13%+ 2,97%1.435€
Viventor7,84%+ 0,91%515€
Bondora GG6,10%+ 0,02%1.440€
Bondora3,44%- 4,64%360€
Crowdestate1,72%- 0,40%1.700€
ReInvest240,86%+ 3,50%600€
Bulkestate0,13%+ 0,13%1.215€
Exporo0,00%1.000€
EvoEstate- 1,84%- 1,84%615€

portfolio-update-september-2019

Wisefund

The biggest news first. There is a new 1st place in the XIRR ranking. Namely Wisefund. Also due to the cashback, the platform comes to massive 26,86%! 4 out of 7 projects have already paid interest and the free 670€ from last month I could invest in 3 new projects. Incidentally, one of them is not yet fully funded, thus providing the opportunity for a first investment. In total, I am involved in all available projects with 50-200€. So I’m curious to see how the platform deleops in the future and whether new projects will be added at this pace. For more information about the platform, read the interview with Ingus Linkevics.

Wisefund offers you 0.5% cashback on your investment in the first 270 days!
portfolio-update-september-2019

Monethera

I have also increased my investment in Monethera to 1.000€. 125€ are currently still available for new projects. I’m invested in all projects with 50-175€. These are published regularly and are sometimes let’s say special. For example you could invest in a full-service luxury transport company for VIPs. A first real estate project is also available for investment. There is a change of -0.11% in the XIRR ranking, but this still means 21,26%. In an interview with CEO Andis Tauber you can learn a little bit more about Monethera. In addition, Thomas of p2p-game.com (only available in German) had an even closer look at the platform. I’ts worth reading!

At Monethera, you’re going to get 5€ as a starting bonus and 0.5% cashback in the first 90 days on your investments.
portfolio-update-september-2019

Kuetzal

3rd place with 19.07% (+0.96%) goes to Kuetzal. The interest is paid perfectly. Unfortunately, there was no buy-back project in September. That is why I have invested the money elsewhere. Only yesterday, however, there was another big project with a strong 20% for 24 months. In the next few weeks Kuetzal will have other projects with 16-20%..9

Envestio

Envestio is 4th and was able to increase again by 1.07% compared to August. This accounts for 16,97%. This exceeds the forecast 16% in a positive sense. The interest at Envestio is all paid on time. I was able to increase the investment volume by 365€ and now comes to approx. 1,715€ on the platform. In September I was able to invest in 5 new projects (13 in total).

5€ is available as a start bonus (at 100€ minimum investment) and also 0,5% cashback during the first 270 days.

Grupeer

After four crowdlending platforms the next place goes to Grupeer which was able to increase again.  The XIRR now stands at 12,87% (+0.37%). Grupeer is growing steadily and three new loan originators from Kenya (e-Mkopo), Latvia (Sauleskredits.lv) and Great Britain (Cubefunder) have recently been added. There is also a cashback action with 1% for the loans of the new loan originators.

I am also considering my investment of approx. 1,260€ in the near future because I believe that the platform is developing positively. If Grupeer now delivers the features on the roadmap, that would be great of course.
portfolio-update-september-201

Mintos

Mintos holds his place in the XIRR ranking. However, the decrease in interest rates caused some panic. I have adapted my auto-invests. The minimum is now 10%, which I will not undercut. Nevertheless I’m not going to withdraw any money, that just doesn’t make sense. Presumably the whole thing is a seasonal phenomenon again and interest rates will rise again. Furthermore, I am completely satisfied!

Also at Mintos some new newcomers were added and there are more news. The following is the brief summary:

  • Bulgarian Stikkredit joins Mintos (up to 12%)
  • Zenka Finance from Kenya joins Mintos (up to 12%)
  • E-cash from Ukraine as well (up to 11%)
  • Creamfinance now also offers Spanish loans (up to 10%)
  • Mogo offers Belarusian loans (up to 12%)
  • Aforti pays again!
  • Estonian provider ESTO now offers loans (up to 10%)

Mintos offers you a 1% bonus on the average investment at the start on the platform. This will be charged after 30, 60 and 90 days.

IUVO

IUVO* comes to 12,18% (-0.10%) at 1.085€ investment. IUVO* or the loan originators do not pay interest on delayed loans. Therefore there is a difference between the XIRR and the return displayed in the dashboard (14.12%). Furthermore, everything is nicely reinvested.

By the way, IUVO* offers you up to 90€ for the start on the platform. If you’re interested, just send me a short message. Unfortunately, a small manual intervention is required.

Bondster

Bondster grows and thrives. Currently, approx. 635€. As part of the consolidation of my platforms, PeerBerry has been reduced and Bondster raised for this purpose. As a result, the XIRR drops slightly to 11,85% (- 0,45%). I have planned to increase to a total of 1.000€.
The platform is ideally suited for diversification!

PeerBerry

11,14% (+0,01%) is the XIRR at PeerBerry. The auto-invest is set at 12% and the platform itself now shows 12,21%. As I have already announced, the free funds will be transferred to Bondster. The long-term car and real estate loans, which are expected to be worth 650€, will remain. These will be invested bit by bit elsewhere.

The divestment is mainly due to the consolidation of my platforms. However, PeerBerry also annoyed me a little with their little technical problems.

NeoFinance

The XIRR continues to climb to 10,35% (+ 1,16%). I am still satisfied with NeoFinance, but a real conclusion can only be drawn here when some time has passed. The return calculated by the platform is now 18,25%! And this despite the deduction of 15% withholding tax (can be reduced to 10% by the way). Meanwhile I have two loans which I could sell to NeoFinance, but I won’t do that.

At NeoFinance there is a 25€ bonus.

Viainvest

The XIRR at Viainvest also continues to rise to 10,20% (+0,37%) in September. Soon the 11% will be reached. I really can’t say anything negative about the platform. It just runs on its own. As a platform for diversification, I can clearly recommend Viainvest.

To start at Viainvest there is a 10€ start bonus. For this only 50€ need to be invested.

Crowdestor

Yes Crowdestor is still my favorite platform! And yet the XIRR drops to 9,19% (-1,66%). Whaaaat? A large part of my new investments were also transferred to Crowdestor in September and there are now more projects that pay interest only once a quarter or half-year. My investment at Crowdestor of just under 2,500€ last month, I increased in September at about  4,200€ massively. The reasons for this are on the one hand increased trust in the platform and the mentioned consolidation, in which I would like to increase the share of crowdlending platforms. If you want to know more about Crowdestor, I recommend my interview. On the other hand, I would like to refer to the blog post by Georg von Crowdlendingrocks.eu. He has a very interesting Q&A with Janis and Gunars from Crowdestor with great insights on his blog.

With this link you can get 1% on top on your investment!

EstateGuru

Now let’s move on to EstateGuru and the 21 projects I’m invested in. The XIRR is up 9,13% (+ 2,96%) and I have increased my investment to approx. 1,450€. The high increase in the XIRR is due to the introduction of the secondary market, where I was able to sell my late loans with a premium.

EstateGuru offers a special deal in October. 1% cashback is available on your investment in the first 30 days. If you register in October , e.g. on October 30th., the bonus is still available until November 30th.

Viventor

At Viventor, I am now on the retreat as announced. Nevertheless, the XIRR climbs to 7,84% (+ 0,91% compared to the previous month), but this is still meager. There are still approx. 515€, which will be repaid soon. Then I will probably move the free funds to Bondster.

Bondora Go & Grow

The better product at Bondora despite a cap of 6,75% is Go & Grow. I mainly use it for a small part of my cash. Since there are some debits taking place here and there and you have to pay a fee of 1€, the XIRR is slightly lower with 6,10%. However, I do not want to miss the liquidity available here. Especially in the current phase of the stock market, I am trying to build up somewhat larger cash reserves. In a separate blog post, I will explain my strategy regarding the stocks if someone is interested.

5€ are available at Bondora right after registration. If someone wants to invest a larger sum, just send me a message (I share my bonus).

Bondora

For me the loan portfolio at Bondora consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I’m not reliant on the ~370€. Therefore, the money stays where it is for the time being.

I can’t really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora’s recovery process is one of the best in the p2p industry, there are plenty of alternatives.

Crowdestate

Crowdestate has also increased. There are now a total of 1,700€ invested in loans with 13.5-17%. One project (Baltic Forest X) is a bit of a concern to me right now, because the interest payment has been postponed 3 times. Today, however, something came. Nevertheless, I have discontinued the project on the secondary market. 1,72% (-0,40%) is the XIRR in September. Crowdestate  will develop slowly, as some projects are final or pay interest only per quarter. Nevertheless due to the track record and the previous projects I’m very optimistic.

Bulkestate

1250€ are invested on Bulkestate. September was really quiet except the second payment of interest of a project. Therefore XIRR jumps to 0,13%. I want to mention that almost all projects are final. In the event that there are no defaults (which I hope so, of course), the return is expected to be around 15%. I will also increase my investment at Bulkestate (maybe over EvoEstate).

Exporo

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland. (yet). I am invested in a stock property (so an existing building which is already rented) at Exporo with 1000€. The expected return is expected at 4,5% and payments come in every quarter. However, I would like to expand the investment in the future.

Exporo does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you.

By the way, Exporo offers you 100€ cashback for your first investment.

ReInvest24

0,86% is now actually accounted for by ReInvest24. Of course the 2% fees per project have a negative influence. The highlight in September was the early sale of the Luxurious rental apartment project. The result was really impressive. 24,36% ROI!! The dividends continued to be paid and the buy-and-flip project Majaka 54 is about to be sold soon. Almost 500€ is still invested. I have placed the repayment from the Luxurious rental apartment project at EvoEstate.

If you want to invest directly via ReInvest24 and not like me via EvoEstate, the platform offers a nice cashback promotion with 1% cashback in the first year!

EvoEstate

On EvoEstate I increased my investment to 625€. The aggregator platform for real estate loans is really interesting and now the second market announced in the interview has been published. The XIRR is now -1,84%, as I bought a loan with a bit of a premium. EvoEstate paid out the first interest on two projects in time for the end of the month.

In the coming weeks and months the number of supported platforms in which projects can be invested will increase significantly! So be curious.

EvoEstate offers 15€ for a good start on the platform.

Outlook & Summary

The crowdlending platforms again dominate the XIRR ranking. The new star is Wisefund, followed by Monethera. Directly behind them are Kuetzal and Envestio. Wisefund and Monethera will also settle at their level. Crowdestor continues to fall a bit because of my high investment, but that will change again. Grupeer and IUVO* continue to develop magnificently.  Mintos is holding firm despite falling interest rates. 

Viventor is about to be at 0€. PeerBerry is further downed and transferred to Bondster.

I hope you found my summary interesting. I am always open to constructive criticism and proposals. See you at the next portfolio update of October!


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. There are also a few insights into how I am invested in other areas. So just follow me :).
portfolio-update-september-2019

Portfolio-Update August 2019

Welcome back!
portfolio-update-august-2019
Let’s continue with the portfolio update for August 2019. In August a lot of (re-)investments were made and two new platforms were added. But I’m also withdrawing my money on two other platforms. In total I have reinvested almost 2.100€ and the P2P portfolio has clearly broken my magic limit of 25.000€! Let’s take a closer look at the platforms.

XIRR Table
PlatformXIRRChange to previous monthInvested
Monethera21,37%+ 21,37%800€
Kuetzal18,11%- 0,40%1325€
Envestio15,22%+ 1,85%1350€
Grupeer12,50%+ 0,37%1240€
Mintos12,42%+ 0,41%6400€
Bondster12,30%+ 3,22%450€
IUVO*12,28%+ 0,28%1075€
PeerBerry11,13%- 0,02%1270€
Crowdestor10,85%- 1,98%2500€
Wisefund10,79%+ 10,79%1000€
Viainvest9,83%+ 0,49%1035€
NeoFinance9,19%+ 1,39%1020€
Bondora8,08%- 2,37%370€
Viventor6,93%+ 0,29%1040€
EstateGuru6,17%+ 0,20%1315€
Bondora GG6,08%870€
Crowdestate2,12%+ 2,12%1515€
Bulkestate0,00%1215€
EvoEstate0,00%1000€
Exporo0,00%215€
ReInvest24-2,64%+ 1,46%600€
Monethera

Since I am a bit more risk-taking on the road here and there, I also looked at Monethera in June and invested a small amount of 275€, but just before writing the last portfolio update I added another 250€. And also just before the publication of this blog post there was a new project and 250€ have been transferred to Monethera. The first interest rates have already been paid. This brings me to a amazing 21,37% XIRR, which is very remarkable due to the short time I’m invested. At the same time, this means 1st place in the XIRR ranking. In the interview with CEO Andis Tauber you get more information about Monethera.

At Monethera you’re going to get 5€ as a starting bonus and 0.5% cashback in the first 90 days on your investments.

Kuetzal

At Kuetzal another 200€ were added and 1325€ are now invested there. Furthermore, all payments are made on time. However, we still have to wait and see what the situation will be in a year. Kuetzal can’t defent the 1st place in the XIRR ranking and now comes to 18,11% (-0.40% compared to the previous month).

At Kuetzal, there is 0,5% cashback on your investment within the first 180 days.

Envestio

Envestio grew strong and now stands at 15,22% (+1,85% compared to July). As in the last portfolio update, the return is slowly approaching the expected 16%. The 160€ from July has now also been invested. So now I’m invested in 8 projects. By the way, the new Auto-Invest invests usually before the email for new projects arrives. So far, everything at Envestio is running as planned.

5€ you get as a start bonus (at 100€ minimum investment) and also 0,5% cashback during the first 270 days.

Grupeer

New 4st place with 12,50% (+0,37% compared to the previous month) goes  to Grupeer . I really have to do little to nothing here, because everything is reinvested automatically. In addition, many 13% loans are available, which makes the whole platform very attractive. In addition, Grupeer often has 1-2% cashback for certain loans.

Mintos

Mintos (6400€) runs smoothly. In July it was 12,01%, now 12,42%. The weighted interest rate of my loans at Mintos is  13,40%, so XIRR will still increase a bit.

Mintos also offers you a start bonus.

Bondster

Bondster has made a huge jump. On the Czech platform there are already 6 loan originators and you can achieve a fairly good diversification. In addition, many 13% loans are offered. The initial investment of 400€ was increased by 50€ in July, so 450€ are invested. In the near future, a lot of the returns from PeerBerry will be transferred to Bondster.
By the way, the minimum investment for loans is only 5€ compared to many other platforms. In the last portfolio update XIRR was 9,08% . This time we are at 12,30% (+ 3,22%) and so Bondster jumps to the 6th place behind Mintos.

At Bondster you get a start bonus of 10€ for an investment of 1000€ in the first 30 days.

IUVO

Just behind the two, IUVO* is back with a XIRR of 12,28% at 1075€ (+0,28 compared to July). The platform itself now shows 14,24% in the dashboard. The difference here is due to the fact that IUVO or the loan originators do not pay interest on delayed payments. However IUVO* runs very smoothly.

By the way, IUVO* offers you up to 90€ for the start on the platform. If you’re interested, just send me a short message.

PeerBerry

11,13% (-0,02%) is the XIRR for PeerBerry. The auto invest is set at 12% and the platform itself shows 12,17%. I used to have some 11% loans in my portfolio, so I think that explains the difference. PeerBerry is doing well, but I’m very annoyed by the problem with incorrect numbers in the dashboard and the broken bank statement. Since I have repeatedly expressed my displeasure via mail to the support and received the same response as a few months ago, I’ll pull the rip cord at PeerBerry. Auto invest is stopped, all repayments of short-term loans will flow to Bondster. The long-term loans will follow later.

Crowdestor

Unfortunately, my favorite platform Crowdestor has dropped a bit in the XIRR ranking and now comes to 10,85% (-1,98%). What’s the reason? A lot of the 2.100€ I invested was transferred to Crowdestor and there are now more projects that pay interest only once a quarter or every 6 months instead of monthly payment. My investment is now close to 2.500€. An auto invest and a second market will (hopefullye) be added soon at Crowdestor!

With this link you can get 1% on top on your investment!

Wisefund

One of the new platforms I added is Wisefund. I have already presented the platform in an interview with Ingus Linkevics. Short summary, very high return for relatively short-term business and/or development loans. The projects that are currently available for investment range from 17% to 19% with a 3-9 month term.
In total I invested almost 330€ at Wisefund, but another 670€ a few days ago for upcoming projects. With interest already paid out, XIRR is already 10,79% after just one month!

Wisefund offers you 0,5% cashback on your investments within the first 270 days.

Viainvest

My Twino-Replacement Viainvest is probably the most supple and has a XIRR of 9,83% (+0,49%) which is very good for this short time, especially as there are only 11% loans available on the platform. 

There is a 10€ start bonus at Viainvest. For this only 50€ have to be invested.

NeoFinance

As a replacement for Bondora Portfolio Pro, I wanted to have another ‘real’ p2p platform in my portfolio. I found it in NeoFinance in March and I’m there with ~1.000€. XIRR recovers after my sale last month and comes to 9,19% (+1,39%). I am still very satisfied with NeoFinance, but a real conclusion can only be drawn here when some time has passed. The return calculated by the platform is now 18,30%! And this despite the deduction of 15% withholding tax (can be reduced to 10% by the way).

At NeoFinance there is a €10 start bonus for an investment of at least 150€ within the first 90 days.

Bondora

For me the loan portfolio at Bondora consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I’m not reliant on the ~370€. Therefore, the money stays where it is for the time being.

I can’t really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora’s recovery process is one of the best in the p2p industry, there are plenty of alternatives.

Viventor

Viventor hardly moves. Here I had invested just over 1.000€. My loans range somewhere between 12% and 16%. At 6,93% (+0,29% compared to the previous month) XIRR is still really poor. That’ why I’ve made a decision and so I will withdraw all my money from Viventor. Meanwhile, 80% of loans are also delayed. I was somehow affected by the Aforti ‘technical’ problems, but it is only a handful of loans. However, I didn’t like the way in which Viventor communicates on this subject at all.  So I’m going to sell my loans on the secondary market and then decide where the money goes. (keyword: platform consolidation).

EstateGuru

Now let’s move on to EstateGuru and the 20 projects I’m invested in. XIRR currently stands at 6,17% (+0,20%). That’s ok, because many of the projects are final or pay only once a quarter. I’m invested at EstateGuru with 1315€. There are (yet) no defaults, but two late loans. So far I can highly recommend EstateGuru in the real estate sector and I will also expand my investment there.

At EstateGuru, there is 0,5% cashback on your investment in the first 3 months.

Bondora Go & Grow

The better product at Bondora despite a cap of 6,75% is Go & Grow. I mainly use it for a small part of my cash. Since there are some debits taking place here and there and you have to pay a fee of 1€, the XIRR is slightly lower with 6,08%. However, I do not want to miss the liquidity available here. Especially in the current phase of the stock market, I am trying to build up somewhat larger cash reserves. In a separate blog post, I will explain my strategy regarding the stocks if someone is interested.

5€ are available at Bondora right after registration. If someone wants to invest a larger sum, just send me a message (I share my bonus).

EvoEstate

I was also able to do an interview with EvoEstate, an aggregator platform for real estate loans. Interest rates are not as high as on other platforms, of course, but that is not what matters. EvoEstate is a tool for even more diversification. In addition, I prevent myself from registering on other platforms :). I am invested in projects at EvoEstate with 215€. Just take a look at the platform, it’s worth it!

Bulkestate

1250€ are invested on Bulkestate. I have invested in two new projects. This is easily possible due to the 50€ minimum investment. XIRR is still 0,00% as all projects are final. In the event that there are no defaults (which I hope so, of course), the return is expected to be around 15%. I will also increase my investment at Bulkestate.

Exporo

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland. (yet). I am invested in a stock property (so an existing building which is already rented) at Exporo with 1000€. The expected return is expected at 4,5% and payments come in every quarter. However, I would like to expand the investment in the future.

Exporo does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you.

By the way, Exporo offers you 100€ cashback for your first investment.

Crowdestate

My third-largest position with 1.500€ I invested at Crowdestate with a dashboard return of 15,25%. 5 out of 6 projects have already paid interest, one is delayed. 2,12% XIRR it’s in August. Also Crowdestate develops slowly, as some projects are final or pay interest only per quarter. Nevertheless, due to the track record and the previous projects, I am very optimistic.

ReInvest24

For ReInvest24 the 2% fees per project have a negative influence. The first dividends have already arrived and there is also a new project, which looks very interesting (have a look ?). Almost 600€ are invested here.

Outlook & Summary

Crowdlending platforms continue to dominate. Led by Monethera and Kuetzal and Envestio on 3rd position. Crowdestor falls short a bit, but that’s logical and will change in the next few months. Grupeer and IUVO* continue to develop magnificently.  Mintos aswell.  Let’s see how interest rate normalization is reflected in the XIRR ranking in September. My newcomer platform Wisefund also had a great start. 

For Viventor time is up. Where the invested capital goes, I still have to think about. I reduced my investments at Peerberry and transferred the funds to Bondster.

See you at the next portfolio update!


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter and Instagram, in which I invest myself. So just follow me :).

EvoEstate – Aggregator platform – Interview with Gustas Germanavičius

Hello to a new blog post.
evoestate aggregator platform interview
This time it’s about  EvoEstate, the first aggregator platform in the P2P segment. In the blog post you will find a short presentation of the platform, followed by an interview with CEO Gustas Germanavičius. Finally, I would like to share my thoughts for includingEvoEstate in my portfolio. Happy reading!


Platform

As mentioned before, EvoEstate is the first aggregator platform in the field of P2P. As of today, 10 platforms are already connected via API. More will follow. For example well-known platforms such as Crowdestor, Bulkestate or ReInvest24 and even with Bergfürst a German platform.

Once a project is listed on the a particular platforms, it is also available for investment at EvoEstate. The minimum investment of 50 euros is positive. EvoEstate can also be used to invest in platforms that normally require significantly higher investment. An example here is ReInvest24 with 100€ or Bergfürst with even 500€.

Furthermore, the projects are divided into skin-in-the-game projects and other projects. In the first the two founders are invested with their own capital. As usual there is a project description for each platform and for the skin-in-the-game projects also the reasons why they are invested or for other projects why not! There are also interesting information of already funded projects on Bulkestate or Crowdestor.

EvoEstate offers an auto-invest, which has been offering a great feature since yesterday. After all, you can exit projects that have been invested in by  your auto-invest within 24 hours!

In the following interview there is some interesting information about the expertise in the real estate segment and the architecture of the platform. If there are any questions, just write in the comments or email me. Enjoy reading!


Interview

Since EvoEstate is still quite new, what exactly are you doing? I think you are the first aggregator platform in this segment.

Yes, indeed. We are an aggregator for real estate deals, in Germany people often refer to as Meta Platform. The platform provides investors with a possibility to invest over 10 platforms deal-flow without having the hassle of signing up to every each of them. On top of that, we provide an additional layer of due diligence and supply investors with state of the art auto-invest and soon with the secondary market. Many of the platforms we work with do not have auto-invest or secondary market. We make money by charging a commission to the platform from the invested amount because we invest larger amounts of money.

Gustas Germanavičius

As transpareny is key I’d like to know some things. When did you found the company. And why?

We have established the company back in February 2019, however, we started out by working in a private mode with selected investors, that we could get the feedback and work on finding bugs and improving the security side of the platform.

Our team has been investing in P2P real estate deals for more than 6 years now and we felt that there’s a need for such a platform. If you want to truly diversify your portfolio, it’s impossible to keep track of upcoming and already existing investments, not to mention the accounting.

Gustas Germanavičius

Can you tell me more about the team behind EvoEstate?

My name is Gustas Germanavičiusand I’m the CEO of EvoEstate, before starting EvoEstate I had built and sold a venture-backed startup WellParko. (Interesting fact: we had the same investors as EstateGuru)

Audrius Visniauskas CIO- has spent long years in internet businesses and sold 2 of them in the past. Before EvoEstate he was a full-time investor in startups, stocks, real estate and P2P.

Our CTO Volodimyr Gizny has been developing internet products and platforms for close to 20 years now and is in charge of the technical aspects.

Although we are 3 people working full time, we have a property advisory network and work with multiple law firms in different countries and the rest is being outsourced.

Gustas Germanavisius

Where does your expertise in real estates come from?

Our expertise comes from personal real estate investments, family property businesses and our advisory network, which helps us understand the investment opportunities in different countries.

Gustas Germanavičius

How many platforms you support at the moment? And are there plans to integrate more of them?

At this moment our clients were able to invest in 10 platforms through EvoEstate, however, the number of the partners is higher we haven’t launched their first deals yet.

Yes, we are always working to integrate more platforms, our goal with time, of course, it to integrate every platform. I believe that by the end of the year we should have 17-20 platforms.

Gustas Germanavičius

How does the ‘integration’ work in detail?

It is spread out to few stages. First is to get the data, the pictures, descriptions and the documents. Secondly, is to enable us to reserve the amounts, meaning, that we only make the transfer when the project is fully financed.

Gustas Germanavičius

Could you give me a step-by-step example how a project comes to the your page?

Basically, once we have the systems integrated with the API the project comes instantly if we don’t have it fully integrated at that moment, it can take a little longer. Before we publish the projects we always try to asses the risks, write about them to investors and make an investment decision ourselves to decide whether or not it’s a skin in the game project.

Gustas Germanavičius

How do you select the ones you have skin-in-the-game yourself?

It always has to have a proper risk-reward ratio. If it’s a high-risk project we always expect to have high returns in order for us to invest, usually we are always looking for low risk, medium or high returns projects or some lower risk lower returns projects for diversification.

In order to have a well-balanced portfolio it has to be mixed with both loans and buy to let projects, the way I personally look at this it’s like having stocks and bonds, bonds are the buy-to-let projects which help to reduce the risk. Here’re some additional thoughts.

Gustas Germanavičius

What if a project missed the funding goal?

Nothing happens. The investors’ capital is returned to their wallet. So the regular approach.

Gustas Germanavičius

Minimal investment is about 50€. What if the platform the project comes from has a minimal invest of 100€ and there is a gap at the end. Do you invest more of your own money?

Yes, we are always investing our personal money. At this stage me & Audrius already have 30,000 Euros invested through EvoEstate already. When we have skin in the game project, we are investing at least 1000 euros per deal.
Gustas Germanavičius
 
In which frequency new projects come in?
I think, the low number of deals at this stage is mainly due to the summer. In comparison we had 19 projects in July. We are integrating few platforms now and I believe with September the deal-flow should increase.
Gustas Germanavičius
 
In case of defaults the platforms are responsible or do you do something, e.g. for the skin-in-the-game projects?
The platforms are in charge of the recovery process, however, we always represent our clients and in such situation, we would act on their behalf. In case of misconducts we would also be able to use our legal power.
Gustas Germanavičius
 
Other platforms have introduced a buy-back fund for cases of default. What are your opinion on this? Would that fit in your business model?

I think this is a marketing trick. Those funds or guarantees would not have enough funds to cover a default. 

We will not introduce it as with EvoEstate we believe that the truth is the essential foundation for positive outcomes. Real Estate P2P already has underlying assets (mortgaged property) which could be used to recover investors capital.

Gustas Germanavičius
 
Do you have plans for a secondary market?
Yes, we are actually testing it privately and hope to open it in a period of weeks.
Gustas Germanavisius
 
How do you invest in personally?

I’m restructuring my portfolio and growing the stake EvoEstate. By the end of this year should look:
50% ETFs & stocks / 45% EvoEstate P2P investments  / 5% private investments i.e. startups

Gustas Germanavičius
 
What are your plans for 2019? And what is the next milestone?
Our plan for 2019 is to complete the product. That means we have the secondary market, make it liquid and have 17 partner platforms in total. Next milestone is to have all the Spanish platforms available on EvoEstate.
Gustas Germanavičius

Why I invest in EvoEstate?

What is my blog’s name again? Exactly Invest diversified! And that’s what it’s all about. EvoEstate is a great way to diversify even further. It opens up the possibility to invest in other projects of platforms that I didn’t know until now and also offers projects from previously foreign real estate markets. In addition I find the skin-in-the-game projects very interesting, especially the descriptions. All in all, I will increase my investment at EvoEstate significantly in the future. At the moment, I am only invested in three projects with a total of 215 Euro.

If you want to try out EvoEstate, you will receive a starting bonus of 15 Euro with the links in the blog post.


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter and Instagram, in which I invest myself. So just follow me :).

Wisefund – Crowdfunding with 10 Euro – Interview

Hello together,
wisefund crowdfunding 10 euro interview
it’s time again and I’ve launched another crowdfunding test balloon. I actually wanted to start consolidating my platforms. Well, that have to wait.

So let’s move on to my latest investment on Wisefund Capital where crowdfunding is possible from with only 10€. You will find an interview later in the blog post. There I asked some questions to Wisefund and CMO Ingus Linkevics answered them. But read for yourself.


Platform

The Estonian platform, based in Latvia, joins the list of new platforms such as Kuetzal and Monethera. Wisefund currently lists three projects, one of them has already been funded. Interest rates are up to an insane 19.7% to a maximum of 8 months! Of course, the high interest rate also comes from the low maturity, but it is a high-risk investment.

no images were found

I have invested in both available projects. 125€ in Railway forwarding operations and 75€ in Electronic device stock purchase. For each project there is a short description of the project itself and the company. All in all, it’s expandable.

Let us come to a unique selling point of Wisefund namely the minimum investment. Foor other crowdfunding platforms 50€ or 100€ have to invested in a single project, this is possible on Wisefund for as little as 10€. There is also a maximum investment, i.e. 10% of the total financing amount. New for me.

In addition, there is a buyback guarantee, which applies from 60 days on, but here only the original investment is repayed, not the interests. If you want to exit a project earlier, you have to pay a fee of 5% for it.


Interview

Since Wisefund is still new and unknown. Could you please explain the platform and the business model? I think there are already some differences compared to other platforms.

Me and my colleagues have seen and examined very very closely Envestio/Monethera as well many other platforms on the market, their approach, their success etc. With close everyday work with the borrowers we’re looking to offer the investors chance to make the right decision with a very comprehensive background information on each project.
Our business model is to become a good partner for businesses willing to grow while they struggle with getting the trust from the banks, but in the same time benefit the investors with high interest rates and short term investment opportunities. There will certainly be loans listed with lower interest rates in near future (I do hope the interest in those will be maintained anyway), because not all of the businesses can afford such high rates. But we’re looking at a quick turnaround for both parties – businesses get funding for certain ventures, investors get payback in less than a year feeling more secure on the investment.
Platform itself is dedicated to be very selective on loans listed to ensure firstly the safety of the investors, but still, we’re looking to create a platform towards which many SMEs willing to grow would likely turn to.

Ingus Linkevics

As transpareny is key I’d like to know some things. When did you found Wisefund? And why?

The company was founded in 2019. To be exact, March of 2019. But the idea was there for couple of years already in the mind of each of the team members. We saw how Mintos and Crowdestate grew, not even mentioning Funding Circle, October and Linked Finance. They all have different approach and eventually they grew into great companies. Together our team somehow came to an idea to found the company, with Olga as the leader and funder of the project, Rinalds with background in commercial partnerships and real estate development, and me, with experience in online platform operations and legal activities. What we were missing was a technical development and professional legal assistance. Once those parts were covered, we could start talks with businesses looking for loans and go live with the platform for the crowd. The main idea always stays to create a trusted funding partner for growing businesses. My own belief is that businesses create added value which allows the economy and overall prosperity of people to grow. 

Ingus Linkevics

Would you please tell readers a little more about yourself and the team around Wisefund?

I am Ingus Linkevics. Some years I have been working in the legal background at a notary office which allowed me to gain a vast legal knowledge and background, as well as see how businesses and real estates get developed and managed. Other part of my activities have involved online activities with online SaaS platform success development and management and going into international market. At one point I decided to turn to international and online business to expand my reach and future possibilities. This was a wholly different industry, but developed skills of business development going internationally. 
 
Rinalds Ters has been a businessman for a long time, and mostly worked with real estate development under Remax brand. His main role in the company is partnership management and company representation – he’s a professional in this area and looking to build a strong brand from the Wisefund.
 
Olga Bobrova has a vast experience in financial industry, working previously with business professionals in financial analytics for many years. As the most experienced member of the team, she headed the company with providing the funding and investment, founded it in Estonia, although we’re establishing an office in Latvia also.
 
Then there is customer support who takes care of all inquiries and customer experience, technical support so we’re in control of everything, and a specialist on partnerships, Dmitry, who’s very well established with contacts in logistics and industrial space – he’s working with possible borrowers.

Ingus Linkevics

Could you give me a step-by-step example how a project comes to the your page? And how long that process is normally?

The borrower if approaching is presented with a fee structure of the platform and requirements of our due diligence partners.
If they agree with that, we ask to fill in Application form, provide a set of documents, financial statements and description why funding is required. Once that is meat, we do the checks on the company and it’s management. 
After that project is listed with a deadline to meet a certain target. We don’t fund them ourselves. If the investors don’t see them attractive enough within 3 weeks, return all investment principals and project is not funded.
But if the project is fully funded, we compile all the loan agreements, sign additional syndicated loan agreement and issue a loan to the borrower.
The process until listing on the platform can take from 1 to 2 weeks.

Ingus Linkevics

What if a project missed the funding goal? Does Wisefund invest ‘own’ money? 

No, we don’t. If project does not meet its target, we credit investor accounts with the principal invested. Unfortunately, no interest is paid for that. But if the project meets its target, investor receives interest from the first day of investment, not the date when the target is met. This is a condition borrowers have to agree with in the fee letter.

Ingus Linkevics

How exactly does risk management work?

An outsourced lawyer with a very professional background takes care of this, does the risk analysis and provides us with final suggestion on each loan request. Of course, there are many things considered in the approach. The analysis for each industry and amount of the loan is taken individually.  

Ingus Linkevics

Will Wisefund also implement an auto-invest?

It’s possible, and we’ve thought about that. But there’s no need for it yet, at the beginning of the operations. We’ll integrate it once loans start meeting their targets quick enough, and there are requests for this feature from investors.  

Ingus Linkevics

Minimal investment is about 10€. It’s nice, but is there a reason for setting it to 10€ and not 50€ or 100€ like other plaltforms?

Why should we do like other platforms? We don’t want to limit people who want to start with 10€ a road towards their financial independence. 

Ingus Linkevics

Are there more than the three current projects in the pipeline? And in which frequency new projects come in on Wisefund?

Yes, we have 8 projects under review which, and more are applying each day. We’re planning to maintain a frequency of 3-4 projects per month.

Ingus Linkevics

A little bit more into detail. Could you explain the buy-back process in case of default? Only principal and no interests are covered?

We have an agreement with a partner to buy out the loan within 2 business days, if such a request is made by investor, but this will incur a commission charge. Each loan has its early exit commission determined and listed on the Project description. Things may happen, you might need money earlier and wish to get your funds before the term. Our partner takes advantage of that, buys your loan at a reduced rate with an assignment agreement and becomes new lender. They benefit from the difference.
 

In case of Borrower defaults, we’ve ‘insured’ each loan currently listed with the same third-party partner to buyout the loans in case if the borrower is late with the payments for more than 60 days. Our partner will buyout the principal with an Assignment agreement and deal with the borrower and loan collection without the involvement of investors. But the interest for investors will be covered from the protection fund. With this type of approach we’re looking to guarantee investors full return of the investment + the interest. 

Protection fund covers things like investor interest rates. Further on there might be loan offers which are not covered by buy-out from third-party partner (this information will be available with the loan offers) – in this case our growing protection fund will be as an insurance for investors in case of borrower late payments or default cases.

 
We understand that sounds like a quite of a burden on borrower shoulders. But those are things they have to agree with before getting funded on crowd lending platform.

Ingus Linkevics

Are there any plans for a secondary market?
Yes, certainly. Once the platform operations expand, we’re looking to introduce secondary market so the investors can benefit in short term or would not have to choose to exit with a fee if such a need appears
Ingus Linkevics
 
How do you invest personally? Also in other P2P platforms?
Yes, I have indeed. I have portfolios in Mintos, Crowdestate, Linked Finance and October.
Ingus Linkevics
 
What are your other plans and milestones this year?
We’re hoping to fully fund at least 20 projects until the end of this year. And for sure, gain trust from the investors. We hope you will like our selection on the investment opportunities.
Ingus Linkevics
 

Crowdfunding with 10 Euros – a prelimiary conclusion

Wisefund offers a nice website and all looks a bit more professional than other new platforms of the same calibre. The 10€ minimum investment is also great. But that may just be my personal opinion. The fact is, it’s a new platform that has to prove itself as always. A complete conclusion can therefore only be drawn when there are possible defaults incoming. Only then we know whether the buyback guarantee really works well or for example the mentioned security fund jumps in and is sufficient.

I’ll keep you up to date on new projects and features on Wisefund. I’ll also include the platform in the monthly portfolio update.


Information about new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects Twitter and Instagram, in which I invest myself. So follow me :).

Portfolio-Update July 2019

Hello everyone.

Today I would like to launch the Portfolio-Update July 2019 series, in which I would like to present my portfolio and performance approximately every one to two months. I’m just going through all the platforms and try to explain any XIRR anomalies and have a look at some of my investment decisions.

Kuetzal

On Kuetzal I have been invested in three projects since May with just over 1.100€ and the interest payments so far have been arriven on time. Of course, you have to wait and see. Currently, Kuetzal the XIRR ranking by a clear margin and 18.51% (+2.85% compared to the previous month).

As I am writing about the platform, I would like to point out again the cashback marathon . It runs until 31. October.

Unfortunately there is a small catch. You have to invest minimum 1000€ in a single project if you want the cashback.

Envestio

Since beginning of April about 1300€ have moved from me to one of Envestio’s countless bank accounts. However 160€ is still waiting for a new suitable investment opportunity. XIRR is down and is currently at 13.37% (-0.38% compared to June), but is approaching the forecasted 16%. I have invested in five projects there. By the way, I handle this in such a way that I put the money first in larger sums per project and then in smaller sums of €50. The newly introduced auto-invest makes it a little easier when new projects come in. They were always gone very quickly. However, a minimum investment of 100€ is also required. I personally would prefer 50€. Nevertheless, everything at Envestio has been working smoothly so far.

Crowdestor

My favorite platform Crowdestor is ranked 3rd in the XIRR ranking with 12.87% since April, gradually approaching the 17.01% displayed in the dashboard. In the previous month it was 12.25%, so an increase of 0.62%! If you’re wondering why there’s a difference here (and on other platforms too)? Easy to explain. On the one hand, I haven’t invested that long, on the other hand, there are e.g. on Crowdestor projects that pay interest only once a quarter or half-year. So the whole thing becomes really meaningful only after round about one year. My investment is almost 2000€ and will certainly get bigger :). An auto-invest and a second market will (hopefully) be added soon at Crowdestor.

Grupeer

With 12.13% (+0.28% compared to the previous month), Grupeer is in 4th place. I’m actually quite happy with the platform. The interest rates are getting in quite slowly, but at the end of the month I am always surprised how much interest came in. I am invested at Grupeer with 1250€.

Mintos

Yes, what can be said about my biggest position Mintos (~6300€). It’s running perfect and so I also profit. In the previous month XIRR was 11.45%. At the end of July 12.01%. The jump was made due to the current interest rate high and the sale of some older loans, which are still approximately 10% and had to give way to new 15/16% loans. The weighted interest rate of my loans at Mintos is approx. 14.20%, so XIRR will continue to rise.

Mintos offers you a bonus to start on the platform.

IUVO

Smooth 12% indicates portfolio performance for IUVO, at 1050€ investment. The platform itself shows 14.21% in the dashboard. The difference here is due to the fact that IUVO or the loan originators do not pay interest on late loans. Nevertheless, the internal interest rate is steadily increasing and I am very, very satisfied with IUVO. This is one of the platforms that once set up properly, just run. No auto-invest problems and a very fast and nice support!

By the way, IUVO offers you up to 90€ for the start on the platform. If you’re interested, just send me a short message.

PeerBerry

11.15% is attributable to PeerBerry. The Auto-Invest is set at 12% and the platform itself shows 12.31%. I used to have some 11% loans in my portfolio, so I think that explains it. PeerBerry actually runs top, only the bank statement doesn’t work for some time now, which is a bit annoying. I’m invested there with approx. 1200€.

Viainvest

Since April I have been investing at Viainvest with just over 1000€. Why? I said goodbye to Twino, searched for a replacement and found it in Viainvest. An XIRR of 9.34% is very good for this short time, especially since there are only 11% loans on the platform anyway. So approach is coming bit by bit.

You get 10€ for the start at Viainvest. For this a minimum investment of only 50€ is necessary.

Bondster

I just realize that I have many favorite platforms. Bondster is one of them. On the Czech platform there are already 6 loan originators and you can achieve a fairly good diversification. In addition many 13% loans are offered. The start of the investment was with a small sum of approx. 400€ in May, which is why the 9.08% already look very good. Highly recommended!

With the promo code 05772, Bondster has 1% on top in the first 30, 60 and 90 days!

Bondora

Child of sorrow… For me the loan portfolio at Bondora consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I’m not reliant on the ~380€. Therefore, the money stays where it is for the time being.

I can’t really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora’s recovery process is one of the best in the p2p industry, there are plenty of alternatives.

NeoFinance

As a ‘replacement’ I wanted to have another ‘real’ P2P platform in my portfolio. I found it in NeoFinance, where I invested 1000€ since March. But huh, 10.24% last month and only 7.80% this July? Yes, I once tested the sale of an overdue loan. This is, of course, directly reflected in the XIRR. So far I am quite satisfied with NeoFinance, but a real conclusion can only be drawn here after some time has passed. By the way, the return calculated by the platform is 18.46%! And this despite the deduction of 15% withholding tax (can be reduced to 10%, by the way).

At NeoFinance, there is a 10€ bonus for an investment of at least €150 within the first 90 days.

Viventor

I am a bit disappointed with the performance at Viventor. Here I have invested a little over 1000€. My loans range somewhere between 12% and 16%. The XIRR is however really miserable at 6.64% (+0.18% compared to the previous month). About 1/3 of the loans are delayed. Maybe Viventor just needs some more time. I’ll keep you updated!

Bondora Go & Grow

The better product despite a capped interest rate of 6.75% is Go & Grow. I mainly use it for a small part of my cash inventory. Since there are some debits taking place here and there and you have to pay a fee of 1€, the XIRR is slightly lower with 6.22%. However, I do not want to miss the liquidity available here.

5€ is available at Bondora right after registration. If someone has a larger sum and want to invest it in Go & Grow, just write me a short message (I’ll share my bonus then).

EstateGuru

Now let’s move on to EstateGuru and the 18 projects I’m invested in. XIRR currently stands at 5.97%. That’s ok, because some of the projects are final or pay per quarter. I’m invested there with 1200€. There are (yet) no defaults. So far I can highly recommend EstateGuru in the real estate sector and I will also expand my investment there.

At EstateGuru there is 0.5% cashback on your investment in the first three months.

Monethera

Since I am a bit more risk-taking on the road here and there, I also had a look at Monethera. I have been investing there since June with a small amount of 275€, but I invested another 250€ a few minutes ago. The first interest rates were already there. You can find an interview with CEO Andis Tauber on my blog. I set XIRR to 0.00% because it’s not yet indicative. But all the available projects offers interest of >18%!

Bulkestate

1150€ I have invested in Bulkestate. XIRR = 0.00%. What’s the reason? All projects are final. In the event that there are no defaults (which I hope so, of course), the return is expected to be around 15% commute. I will also increase my investment at Bulkestate

Exporo

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland. (yet). I am invested in an stock property (so an existing building which is already rented) at Exporo with 1000€. The expected return is expected at 4.5% and payments come in every quarter. However, I would like to expand the investment in the future.

Exporo does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you.

By the way, Exporo offers you 100€ cashback for your first investment.

Crowdestate

My third-largest position with 1500€ I invested at Crowdestate with a dashboard return of 15.25%. Yesterday I already received the first interest of two projects, skin in the game I have at 6 projects. The negative XIRR is due to a purchase of a project via the secondary market. Also Crowdestate, will develop slowly I think, as some projects are final or pay interest only per quarter. Nevertheless, due to the good track record and the previous projects, I am very optimistic.

ReInvest24

For ReInvest24 the 2% fees per project have a negative influence. The first dividends have already arrived and there is also a new project, which looks very interesting (have a look 😉). Almost 600€ are invested here.

Outlook & Summary

Of course the top performers are  the crowdlending platforms. Led by Kuetzal and close behind Envestio and Crowdestor. High returns, high risk, but as we all know, you can’t get something from nothing. Grupeer and IUVO are developing very well and Mintos will continue to be my biggest position, which will certainly be increased again. All in all I’m curious to see what how the portfolio develops in August.

Disappointed and skeptical I’m with Viventor, which would normally have to deliver up to 14%.  There will also be a new platform in my portfolio in August. So be curious! See you on the next portfolio update!


Revolut – My account for p2p and crowdlending

Since I don’t want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I’m now a big fan of the app. Transactions to the different platforms and also withdrawals are executed very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!


About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter and Instagram, in which I invest myself. So just follow me :).

Monethera – Interview with Envestio light?


A few days ago a new platform called Monethera was mentioned in P2P Facebook groups and forums. I registered there for testing and would like to give you some information and a short interview.


Dashboard, projects and project descriptions

Monethera does not yet have a significant track record as a platform. So you should look at the whole thing calmly and with argus eyes. At first glance I noticed the very good German translations (relevant for me) – in contrast to some other young platforms. Otherwise the platform offers similar features to Envestio. Very similar. But there are smaller differences as you will read.

Monethera offers a project overview like other platforms too. Currently there are only three projects. Namely one real estate development, a business loan for a luxury clothing company and a business loan for a sturgeon farm. Pretty fishy :). However the projects are very attractive with an interest rate of 18%. The maturities are 6, 8 and 12 months.

There is also an information page for each project. However this is very sparse. There are only one or two sentences to the borrower and what the loan should be used for. I would definitely expect more here.

In the following interview I wanted to know from the platform who they are and how some things like the buy-back work exactly.


The interview

Monethera is a very young and fresh platform. Does the platform briefly present?

The business model of Monethera is associated with the financing of a project by a large number of individuals. Fundraising begins with an announcement introducing the public to a project that needs financial contributions. After the implementation of the project – the borrower under the contract must return the money by paying pre-determined interest. Funding is usually based on the “all or nothing” principle. In other words, the project starts implementation only when collecting the necessary amount of funds.

Andis Taubers

Since transparency is a key element in this investment area, I would like to know a few things about Monethera. You founded Monethera as a private investment fund in 2017. The platform itself in November 2018, but the URL was only released about 4 months. How did the platform come about?

As a private investment fund, we have achieved some success. The idea of opening an open crowd-investing platform was born in 2018. This decision was made to give individual investors the opportunity to invest with us in the most interesting, profitable and noteworthy projects.

Andis Taubers

Can you say anything about your career and the team?

Andis sent me his CV and that of his colleagues. I publish this without comment. But I don’t know what to think of the individual positions. If there are any further questions, just write it to the comments.

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Monethera – Team CVs

How does project acquisition work at Monethera and how long does it take for a project to be available for investors?

1) We are looking for profitable projects or project owners send us projects for consideration.

2) We conduct our own research and comprehensive verification.

3) We approve the project if Due Diligence was successful.

4) We conclude a loan agreement with the project.

5) The project is provided to the attention of investors on the platform.

Due Diligence may take from 2 weeks up to 2 months, depending on a project and area of activity.

Andis Taubers

How does your risk management work?

First our risk analysts are looking for any possible investments risks in the selected project/borrower. If they are identifying any risks – they have to rank them.

After rating the risk they are looking for a way to get rid of them. If previous steps are passed successfully we conclude a loan agreement with a borrower.

Andis Taubers

The platform currently lacks an auto-invest. Are you planning something like this?

Probably auto invest will be implemented to our platform in July 2019.

Andis Taubers

Currently, there are only three projects. Are further projects planned or ready for publication?

There are 2 projects already pre-approved and 5 more on the stage of Due Diligence.

Andis Taubers

Other platforms have introduced a buy-back fund. How do you think about this idea?

This is a great solution and we fully support it. In the event of a default of a project – Monethera will cover 35% of users’ investments.

Andis Taubers

More into detail. Can you explain the buy-back process in the event of a default? Does this work exactly as e. g. on Envestio?

There are two buy back options.

1) You have invested 100 EUR in one of the projects on our platform.

If you want to exit earlier you, you will get back 95EUR back and no any profit extra. (The buy-back system will be fully integrated to our platform soon)

2) Monethera keep a reserve fund to cover Investors in a case of default.

If any project will be unsuccessful all investors will have back 35% of their investments.

Andis Taubers

Are there already plans for a secondary market?

Not for a present moment. If situation will change – we will make an announcement.

Andis Taubers

Are there any annual reports when Monethera was a private fund that you can make available to investors?

Soon we will publish reports for the time when Monethera was a private fund where you can see the investment statistics.

Andis Taubers

What are your pleadings for 2019? And what is the next milestone?

We are going to increase the user base of our platform in order to diversify investment portfolios to the maximum, which accordingly reduces investment risks.

We will look at the results at the end of 2019, after which we will draw up a development plan for 2020.

Andis Taubers

Preliminary assessment

New platform, new happiness? Possible. Very attractive offer, but just a very young platform, similar to Kuetzal. However, the fact that I have already been able to speak to Kuetzal CEO Albers Cevers in person means that the investment there is something else.
Nevertheless I will start at Monethera with a small test balloon of 100€ and continue to report on how the platform is developing. Even after the interview there some open questions for me which I want to clarify.

If you still have any questions, please post them in the comments. I will forward them to Monethera!


Digging deeper! Facts!

Because e.g. the FAQ is 95% identical to Envestio there is a plagiarism suspicion. There were also other inconsistencies regarding a not mentioned person of the management.

Since I and certainly also other investors are skeptical about new platforms at first, I perstered the Monethera team a little bit.

Buy-Back
  • When will interest be paid?

From the project start date.

Projekte und mögliche Ausfälle
  • What happens if a project is not fully funded?

There are two scenarios here. If more than 80% of the target is reached, Monethera contributes the remaining 20%. If <80% investors receive their money back.

  • What happens exactly in the case of a default?

Investors receive 35% of the investment in case of project failure. At the end of the project.

  • What about the remaining 65%?

The remaining 65% and interest will be issued when Monethera collects the entire debt from the project owners. The term depends on the speed of the judicial process. Based on judicial practice, this may take up to one and a half years.

Monethera carefully selects the investment targets. Furthermore, the platform monitors compliance with the contracts. Guarantees are required from the borrowers (personal guarantees and commercial pledging).

Transparency
  • What is there to know about the copied texts?

Monethera claims to have hired an external copywriter here. He did his work in “bad faith”. They are already working on a global text change. Conceptually all information is correct. The necessary changes are made in the “Cooperation” area. It takes a few days to solve the problem.

  • Who is Andrei Bogdanov?

Andrei Bogdanov is a business man. Togehter with Andis Taubers he is owner of the company. Andis Tauber is the CEO.

  • Inconsistencies with business address

You can find the official address of Monethera on the website. The company is registered in Estonia for tax and legal reasons. This has led to confusion due to the Google Street View images of a residential building. The office is located in Riga. To be precise, Krišjāņa Valdemāra street 118, Riga, Latvia, LV-1013 .

  • Is there an annual report when Monethera was a private investment fund?

They sent me a PDF which I publish below without any comment.


Referral program

For the sake of completeness I would also like to inform you about monethera’s referral program. But again I would like to take some further advice. It is a veeeeeery fresh platform. As a result it still needs to prove itself and build trust. We are already moving in high-risk investment area. If you want to launch a test balloon please do it only with play money!

Finally Monethera offers the possibility to receive a starting bonus of 5€ via this promo code. You have to invest at least 100€. In addition thereis 0.5% cashback on the invested amount within the first 90 days.

If you register via this link I will also receive 5€ if you invest 100€. In addition 2.5% within the first 90 days.