European Investors Financed 330.000 Short-term PDL-Loans

European Investors Financed 330.000 Short-term PDL-Loans
06.03.2018 07:32 am

European Investors Financed 330.000 Short-term PDL-Loans

Investment Management

The investment service outlined the results of the first year in operation on the European P2P lending market: 2.000 investors from the EU and Switzerland invested over €3 million in the issue of 330 thousand short-term PDL-loans in Kazakhstan and Spain. The results and the platform dynamics are considered to prove the growing demand for complex automated solutions in the global alternative fintech. 

The European P2P-platform was launched in Latvia on February 21, 2017. It has achieved to attract over €3 million and 2.000 investors from 29 European countries (the EU and Switzerland) in one year. The average inflow of investments is €240 000 with 150 new investors joining the platform monthly.

These dynamics are believed to be greatly supported by the complete automation of the platform which allows reinvesting funds automatically and provides a high turnover of assets. The results also prove the interest of investors in the solutions of such kind in the alternative fintech: the reinvested funds have amounted to €25 million. Investors have already financed 330.000 short-term PDL-loans in Kazakhstan and Spain. In February 2018 investors funded 1.500 loans daily. The total income of investors reached €190.000.

“In many respects, the results of the investment platform reflect the general trend in the market. There is an evident and significant growth of volumes in the last years. At the same time, the demand for the credit funds exceeds the supply. It is obvious that the market has a large potential for the further development, but it challenges its players to be fully engaged in the process as the market has just stepped onto the regulation path”, — commented Sergey Sedov, the founder and CEO of the platform.

Related News

DriveWealth Teams with Stockal, HDFC Securities to Make U.S. Stock Investing Straightforward, Affordable for Indian Investors

DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced it has partnered with SV... Read more »

Natixis Investment Managers Chooses ALPIMA For Web-Based Portfolio Design Within Solutions Business

Natixis Investment Managers, one of the world’s leading asset management firms, has selected ALPIMA for web-based portfolio design, optimisation and visualisation within its... Read more »

Finzo selects JHC’s Neon to provide greater portfolio monitoring efficiency for wealth managers

Wealth management fintech firm JHC Systems (JHC) today announces that Finzo, a New Zealand-based integrated financial solutions provider, will be implementing JHC Neon (Neon).... Read more »

InvestCloud Reveals Unique CRM Solutions for investment managers

InvestCloud, a platform for the development of financial digital solutions, pre-integrated into the cloud with $2... Read more »

MUFG Signs Agreement with Saudi Arabian General Investment Authority to promote Japanese investment in the Kingdom

MUFG Bank today announced it has signed an agreement with the Saudi Arabian General Investment Authority (SAGIA) to promote Japanese investment in the Kingdom of Saudi Arabia... Read more »

Objectway signs with vdk bank to enhance their advisory and portfolio management capabilities

Objectway, a leader in the Digital Wealth, Investment & Asset Management sector, and vdk bank announced today that they agreed to implement two components of Objectway’s... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel