European Crowdlending fund monthly review (August 2019)

We are continuing with the monthly column of results of the European Crowd Lending Fund (the Fund) in which we briefly overview what is happening in the European P2P and crowd funding market and how it affects the performance of the Fund.

Monthly result: +0.64% Result from the beginning of the year: +5.80% Result from the start of the activity: +26.15%

Platforms, providing investment data publicly, through the month of August, funded EUR 634.7 million of loans and the Latvian platform – Mintos, funded EUR 270.6 million of loans (increase of 1.48% from the previous month). The total amount of Mintos financed loans reached 3 billion EUR.

Respectively, platforms Zopa and Ratesetter, which are registered in UK, were in the second and the third place, financing 100 million EUR (increase of 2% from the previous month) and 83.1 million EUR (increase of 7% from the previous month) of loans.

After Mintos, Twino, Bondora, PeerBerry, Vianinvest and EstateGuru financed most of the loans in Baltic States, respectively, 16 million EUR, 14.5 million EUR, 13.3 million EUR, 7.5 million EUR and 6.9 million EUR.

Platforms, providing investment data publicly and funding to Lithuanian businesses and individuals, collected EUR 5.28 million in August (increase of 2.9% from the previous month).

The distribution of funded amounts of loans was as follows (brackets shows the changes compared to the previous month):

  • Paskolų klubas – EUR 1.657 million (decrease of 5.54%);
  • Lenndy (Latvian based platform) – EUR 1.188 million (increase of 1.83%);
  • Finbee (consumer and business loans collectively) – EUR 871 thousand (decrease of 13.69%);
  • Savy – EUR 640 thousand (decrease of 18.69%);
  • Profitus – EUR 923 thousand (increase of 123.49%).

The European Crowdlending Fund increased by 0.64%. The net asset value at the end of the month was almost EUR 15.2 million. Since the beginning of its activity, the Fund has reached EUR 39.8 million of funded loans.

The insolvent loans were written-off at the end of the month. The liquidity of the portfolio – 64% of the net asset value are investments with a maturity of 12 months or less.