Synergy European Crowdlending Fund monthly review (February 2020)

We are continuing with the monthly review 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: +0.72%
Result from the beginning of the year: +1.32%
Result from the start of the activity: +31.3%

Platforms, providing investment data publicly, through the month of February, funded EUR 657.7 million of loans and the Latvian platform – Mintos, funded EUR 317.2 million of loans (decrease of 0.02% from the previous month) and in the end of February Mintos has funded almost Eur 5 billion of loans.

Respectively, platforms Zopa and Ratesetter, which are registered in UK, were in the second and the third place, financing 106 million EUR (decrease of 10% from the previous month) and 63.2 million EUR (decrease of 6% from the previous month) of loans.

After Mintos, PeerBerry, Twino, Bondora, EstateGuru and Viainvest financed most of the loans in Baltic States, respectively, 19.5 million EUR, 13 million EUR, 12 million EUR, 9.2 million EUR and 5.8 million EUR.

Platforms, providing investment data publicly and funding to Lithuanian businesses and individuals, collected EUR 5.376 million in February (increase of 5.61% 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 1.665 million (decrease of 3.31%);
  • Lenndy (Latvian based platform) – EUR 952 thousand (decrease of 6.66%);
  • Finbee (consumer and business loans collectively) – EUR 1.084 million (increase of 11.19%);
  • Savy – EUR 698 thousand (decrease of 21.79%);
  • Profitus – EUR 976 thousand (increase of 114.43%).

In February, the Fund started investing in the Lendermarket platform on short-term consumer loans from the Creditstar Group.

Synergy European Crowdlending Fund increased by 0.72%. The net asset value at the end of the month was EUR 19.345 million. Since the beginning of its activity, the Fund has reached EUR 57.8 million of funded loans.

The insolvent loans were written-off at the end of the month. Portfolio liquidity – 65% of the funds employed are allocated to investments with a maturity of less than 12 months.