European Crowdlending fund monthly review (January 2019)

At the beginning of each month we publish brief article about crowdfunding and peer-to-peer European markets and how they affect fund‘s performance.

Monthly result: +0.77%
Year-to-date result: +0.77%
Result since Fund launch (2016): +20.15%

 

We analyze newly issued loan amounts by crowdfunding and peer-to-peer lending companies in Europe. Not all companies publish their statistics publically. Therefore, according to public data, companies funded 527 mln. EUR of loans in January, 2019 (17% more than the previous month). Latvian lending marketplace Mintos has established a leading position with 150.2 mln. EUR newly issued loans (10% more than the previous month). Second largest platform by loan amount funded was Zopa (UK), which reached 120.4 mln. EUR of new loans (staggering 55% more than the previous month). UK platform Ratesetter was third with 85.8 mln. Loans funded (20% increase from the previous month).

The amount of loans funded in the Baltic States grew by 10% in January and amounted to 220 mln. EUR. The fastest monthly growth was demonstrated by the Lithuanian platform Profitus, Finbee and the Latvian platform Swaper, which funded 1112%, 40% and 265%, respectively, more than the previous month.

Platforms that lend to Lithuanian businesses and individuals collectively funded 5.56 mln. EUR in January (23% more than the previous month).

The distribution of funded amounts was the following:

  • Paskolų Klubas was ahead with 1.459 mln. EUR funded amount;
  • Latvian lending marketplace with multiple loan originators from Lithuania funded 1.255 mln. EUR of loans;
  • Finbee for business and individuals combined funded 0.981 thousand EUR of loans;
  • Savy peer-to-peer platform funded 605 thousand EUR of loans;
  • Real estate development platform Nordstreet reached 225 thousand EUR.
  • Freshly launched real estate platform Profitus funded 2 projects totaling 485 thousand EUR.

European Crowdlending fund (ECF) class B share price increased by 0.77% in January, 2019. Net asset value grew by 7.2% crossing 10 mln. EUR milestone and reached 10.581 mln. EUR. Additional capital was allocated to platforms that are already in the portfolio based on supply of suitable investments. Moreover, first deposit (0.5% of NAV) was transferred to Latvian crowdfunding platform Debitum Network.

At the end of the month, write-offs of insolvent loans totaled to 4.7 thousand. EUR. Majority of write-offs came from Lenndy and Bondora portfolios. Portfolio liquidity remains optimal – 66% of the NAV are investments with a maturity of 12 months or less.