Synergy European Crowdlending Fund monthly review (July 2020)

We are continuing with the monthly report of the Synergy European Crowdlending 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: +0.76%
Result from the beginning of the year: -3.03%
Result from the start of the activity: +25.66%

Platforms, providing investment data publicly, through the month of July, funded EUR 275 million of loans and the Latvian platform – Mintos, funded EUR 103.7 million of loans (increase of 27.31% from the previous month).

Respectively, platform Ratesetter, which is registered in UK, were in the second place, financing 29.4 million EUR (increase of 22% from the previous month) of loans.

After Mintos, PeerBerry, Twino, EstateGuru, Iuvo-Group, Viainvest and Bondora financed most of the loans in Baltic States, respectively, 12.45 million EUR, 12 million EUR, 8 million EUR, 4.8 million EUR, 4.2 million EUR and 2.9 million EUR.

Platforms, providing investment data publicly and funding to Lithuanian businesses and individuals, collected EUR 3.365 million in July (increase of 5.32% 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 1.477 million (decrease of 1.57%);
  • Lenndy (Latvian based platform) – EUR 694 thousand (increase of 66.62%);
  • Savy – EUR 633.5 thousand (increase of 6.68%);
  • Profitus – EUR 560.2 thousand (decrease of 18.1%);
  • Finbee didn¢t submit data of July.

Synergy European Crowdlending Fund increased by 0.76%. The net asset value at the end of the month was EUR 14.803 million. Since the beginning of its activity, the Fund has reached EUR 65.9 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.