Synergy European Crowdlending Fund monthly review (August 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: +0.79%
Result from the beginning of the year: -2.26%
Result from the start of the activity: +26.65%

Platforms, providing investment data publicly, through the month of August, funded EUR 239 million of loans and the Latvian platform – Mintos, funded EUR 92.23 million of loans (decrease of 11.09% from the previous month).

Respectively, platform Ratesetter, which is registered in UK, were in the second place, financing 37.1 million EUR (increase of 25% from the previous month) of loans.

After Mintos, PeerBerry, EstateGuru, Twino, Iuvo-Group, Viainvest and Bondora financed most of the loans in Baltic States, respectively, 14.84 million EUR, 10.8 million EUR, 10.29 million EUR, 4.4 million EUR, 3.9 million EUR and 2.7 million EUR.

Platforms, providing investment data publicly and funding to Lithuanian businesses and individuals, collected EUR 4.67 million in August (increase of 38.68% 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 1.78 million (increase of 20.7%);
  • Lenndy (Latvian based platform) – EUR 346 thousand (decrease of 50.08%);
  • Savy – EUR 714.5 thousand (increase of 12.79%);
  • Profitus – EUR 1.822 million (increase of 225.32%).

Synergy European Crowdlending Fund increased by 0.79%. The net asset value at the end of the month was almost EUR 14.94 million. Since the beginning of its activity, the Fund has reached EUR 67.3 million of funded loans. The insolvent loans were written-off at the end of the month. The liquidity of the portfolio – 65% of the net asset value are investments with a maturity of 12 months or less.