European Crowdlending fund monthly review (July 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: +0.80%
Result from the beginning of the year: +5.13%
Result from the start of the activity: +25.36%

Platforms, providing investment data publicly, through the month of July, funded EUR 611 million of loans and the Latvian platform – Mintos, funded EUR 266.6 million of loans (increase of 12% from the previous month), widening the gap between all of the remaining European platforms.

Respectively, platforms Zopa and Ratesetter, which are registered in UK, were in the second and the third place financing 97.2 million EUR (decrease of 7% from the previous month) and 77.5 million EUR (increase of 5% from the previous month) of loans.

After Mintos, Bondora, Twino, PeerBerry, Vianinvest and EstateGuru financed most of the loans in Baltic States, respectively, 14.7 million EUR, 14.5 million EUR, 12.3 million EUR, 7.1 million EUR and 6.8 million EUR.

Platforms, providing investment data publicly and funding to Lithuanian businesses and individuals, collected EUR 5.131 million in July (increase of 9.53% 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 1.755 million (increase of 24.26%);
  • Lenndy (Latvian based platform) – EUR 1.167 million (increase of 36.25%);
  • Finbee (consumer and business loans collectively) – EUR 1.009 million (decrease of 2.07%);
  • Savy – EUR 787 thousand (increase of 22.92%);
  • Profitus – EUR 413 thousand (decrease of 44.56%).

The European Crowdlending Fund increased by 0.80%. The net asset value at the end of the month was EUR 14.79 million. Since the beginning of its activity, the Fund has reached EUR 37.2 million of funded loans.

The insolvent loans were written-off at the end of the month. The liquidity of the portfolio – 57% of the net asset value are investments with a maturity of 12 months or less.