My p2p lending portfolio – April update
The core of my p2p lending portfolio is still based on Mintos, Fast Invest, Neo Finance, Envestio, EstateGuru, Crowdestate and Viventor.
My p2p investing profit last month was 177 EUR, a bit higher than the one I had in March. Out of those, 9 EUR were from referrals (thanks for using my links), so they’re a one time bonus.
Since I have lots of free time now, I can play around with all sorts of new platforms. I’ve added some funds to 5 new lending platforms: Robocash, doFinance, Swaper, Debitum Network and AssetzCapital.
I’ve received a 37 EUR referral bonus last month from TargetCircle, as a few people registered on Mintos, Fast Invest, Robocash, EstateGuru and Neo Finance from my website. Thanks for trusting my reviews, whoever you are.
Since I started to invest in peer to peer loans (not too long ago) my profit has reached a fantastic sum of 835 EUR. With my current lifestyle, I could probably manage to survive a month with it. It’s still far from the moment when I’ll be able to survive from the return of my investments, but it’s a step ahead.
The profit from p2p investing is still small compared to the capital invested. But I’m patient.
Below is the breakdown of my p2p investments. The increase/decrease since last month is displayed in the parentheses.
|Platform||Invested capital||Current value||Profit||Interest Rate/Annual return||Started Investing|
|Fast Invest||4010||4295 (+50)||285 (+50)||13.95% / ??||August 2018|
|Mintos||3494||3811 (+43)||317 (+43)||11.61% / 11.06%||June 2018|
|EstateGuru||1259||1325 (+8)||66 (+8)||10.88% / 11.07%||August 2018|
|PeerBerry||975 (-355)||1084 (-342)||110 (+13)||12.21% / 11.95%||December 2018|
|Viventor||1003||1018 (+7)||15 (+7)||12.5% / 13.96%||December 2018|
|Grupeer||980||1010 (+13)||30 (+13)||13.73% / ??||December 2018|
|Crowdestate||993 (-7)||1004||11 (+8)||12.7% / 12.81||December 2018|
|Envestio||890 (-112)||955 (-93)||65 (+19)||18.26% / ??||November 2018|
|NEO Finance||962||880 (+8)||-82 (+8)||17.28% / 11.7%||November 2018|
|Crowdestor||600||617 (+7)||17 (+7)||16.58% / ??||April 2019|
|Robocash||500||500||0||12% / ??||April 2019|
|Brickowner||200 (GBP)||203 (+3)||3 (+3)||18% / ??||January 2019|
|DoFinance||150||151||1||9% / ??||April 2019|
|Debitum Network||150||150||0||9.9% / ??||April 2019|
|Assetz Capital||100 (GBP)||100||0||5.87% / ??||April 2019|
|Abundance||100 (GBP)||100||0||10% / ??||January 2019|
|Bulkestate||100||100||0||12% / ??||December 2018|
|Swaper||100||100||0||12% / ??||April 2019|
|Total||16630 (+541)||17465 (+719)||835(+177)|
A few details on each p2p lending platform
Fast Invest doesn’t have anymore the 15% interest rate loans. At a 13% interest rate, and with a buyback guarantee, it’s still one of the best platforms to keep my money in.
This month my portfolio increased by 1.17%.
If you’re interested in Fast Invest, you can read more about my experience with them here.
Mintos keeps changing every month, and it gets bigger and better. Every month new loan originators are added to the platform. Most of the loan originators pay interest on late payments, a thing unheard of last year. And there are thousands of loans at 14% available on the platform.
I’m changing my auto-invest settings to include A to B rated loan originators that offer 13-14% interest rates, pay interest on late loans and have a maximum of 5 days grace period.
I’ve received an 8 EUR reward because somebody used my referral link (thank you, kind stranger!), so my actual income this month is only 0.93%.
If you’re not on Mintos yet, you can read more about them here.
The income from EstateGuru is steady each month.
All my 11 loans are up to date with their payments but 3 of them will only pay interest in August. That’s why my return this month is only 0.6%.
The interest rates offered on the new projects are still decent, between 10% and 12%. However, there are other platforms offering better returns even for the same type of assets so I’m not planning to increase my stake here.
Since the minimum investment in a project is 50 EUR. and my monthly income is only around 8 EUR, I’ll withdraw the interest payments received here and invest them elsewhere.
If you’re interested in EstateGuru, you can read more about them here.
I’ve finally received payments for all the short-term loans I’ve invested in.
Things I don’t like about PeerBerry so far:
- I don’t know how much I’m being paid for the late loans. I don’t see those details in my finished investments. I need to make a tool to see how much PeerBerry is actually paying for keeping the loans late for 2 months.
- Their FAQ used to state that you can sell back to PeerBerry your loans. To my surprise, there was no such “sell back” feature on the platform at all. Now they’ve updated the FAQ stating that this feature will be available “in the nearest future”. I feel a bit cheated.
The returns seem good so far, even though I have no way to track my investments on the platform.
Viventor keeps increasing its interest rates and adding new loan originators. The website states that my annual return should be 14%.
However, my return this month was only 0.7%, far away from the expected return. Some of the loans are usually late but it pays interest on late loans as well.
I’m expecting more from Viventor next month.
From the list of platforms that offer business loans, Grupeer is in my top 3. It offers great returns and it also has a buyback guarantee.
I’ve also received 1 EUR referral bonus because somebody used my referral link and invested in the platform (Thank you!).
The return on my loans this month is only 1.2%.
Crowdestate is delivering as expected. My return for April has been 0.8%, a bit low for the expected 12.8% annual return. Some of the projects I’ve invested in pay dividends twice a year, so the return is in line with what I’m expecting.
They’ve done a bit of redesign on the website, adding more information about your current investments, but I can’t say I like it.
I like that they have a constant flow of projects. They also get funded relatively quick (less than a week). However, I’m not ready to invest more in platforms without a buyback guarantee, so I’ll keep taking out any profits I make and invest them in other platforms.
If you’re interested in Crowdestate, you can read more about them here.
While Envestio is still one of my favourite p2p business lending platforms, I wasn’t able to invest in any new projects this month.
I had to withdraw part of the funds I kept on Envestio (from a loan that reached maturity and got repaid) because I couldn’t find a project to invest in.
Their loan volume is much lower than what investors are willing to put in. At this point, each time there’s a new loan available, it gets funded in the first 10 minutes.
There’s a crypto mining project currently available, but I wouldn’t touch anything related to crypto mining, no matter how much collateral they have.
I’m waiting for them to add more loans to the platform. The high interest rates and the buyback guarantee makes Envestio hard to ignore.
If you’re not on Envestio yet, you can use my referral link and get a 5 EUR bonus plus 0.5% cashback on all investments made in the first 9 months.
Neo Finance keeps growing slowly and steady. They’re focused only on the Lithuanian consumer lending market so far, where they are currently the market leader (53% of the market). If they wish to keep growing, they’ll soon need to expand to other countries too.
My returns this month amount to 0.91% of my portfolio. I’m slowly climbing out of the negative profit zone.
I’m still investing only in loans with a provision fund, even if my returns will turn out to be a bit lower. It requires less maintenance from me. I don’t need to check every once in a while if I need to sell some of my loans back to Neo Finance because their payments are overdue.
Neo Finance is not focused only on p2p lending. They recently launched a payment initiation service, Neo Pay. This adds revenue to the company and ensures its financial stability.
As I own some shares on Neo Finance through Seedrs, I’m directly interested in their well being.
You can read more about Neo Finance here. If you plan to invest with Neo Finance, use my referral link and get a 25 EUR bonus when you sign up. You can use those funds to test out the platform and see if you like it.
Crowdestor keeps delivering steady returns. My monthly returns were at 1.14%. The average interest rate of 16.58% makes it the second most profitable platform I’ve invested in, after Envestio.
As with Crowdestate, I’m not ready to invest any new funds in projects without a buyback guarantee. While the returns are great, I don’t want to be exposed to too much risk on this platform.
I just couldn’t resist it. Robocash is a great platform belonging to a very profitable group. In the consumer loan area, they’re as safe as it could get.
I’ve added some funds to the platform to see if they’re as good as advertised.
It has a few strong traits that make it a good platform to invest in:
- 12% interest rates on all loans
- buyback guarantee
- low maintenance (you can only invest through the auto-invest tool)
- the company is profitable and this doesn’t seem to change in the near future
You can read more about Robocash here.
Brickowner promises big returns from big UK development projects.
This month, I’ve received my first payment for one of the loans on Brickowner. 3 GBP long awaited. The other loan I’ve invested in is still in a pending state.
I’m waiting to see what new projects they add to the platform. I also own a few shares bought through their Seedrs campaign last year, one more reason why I hope they’ll continue to expand.
It runs the same operating model as these 3 platforms. AlfaFinance, the mother company, has consumer lending operations in various countries (Latvia, Poland and Indonesia).
Then it uses doFinance, a p2p lending marketplace, to publish loans from its own lending companies and by doing so it releases capital for these companies that is used to offer more loans.
In a nutshell, I’m providing working capital for a lending company, with an 11% interest rate.
For now, my 150 EUR investment will satisfy my curiosity regarding doFinance. Maybe at some point in the future doFinance will become a bit more appealing.
Debitum Network is an interesting player in the p2p investing market. They use blockchain tokens to connect different parties from the lending ecosystem (credit rating companies, loan originators, borrowers).
I wouldn’t buy the actual token as I don’t see how it would actually increase in price. So far all utility tokens have been just a way for companies to get free money. However, the platform is really interesting.
The loans come with a buyback guarantee and the interest rates range from 10% to 12%, depending on the credit risk.
If you plan to try out Debitum Network, you can use my referral link and get a 10 EUR bonus when you invest at least 250 EUR on the platform.
Assetz Capital isn’t the typical p2p business lending candidate for EU citizens to invest in.
Their manual investment portfolio renders around 8% annual returns, a lot lower than what you’d get investing in any of the Baltics platforms.
Their auto-invest funds offer even lower returns, up to 6%.
However, I do like that they’re very transparent about their provision funds and they know how many defaults they can cover. All their provision funds can cover 4 times the current default rates, so the platform looks like a good bet when the economy will go downhill.
They’re also planning to raise some funds on Seedrs soon. Depending on how their financials look, it might be a good platform to buy equity in.
The 100 GBP I’ve added on Assetz Capital so far won’t generate too much revenue but it will make sure I keep an eye on how the platform is evolving.
I was planning to invest more in Abundance Investments. The prospect of impact investing tickles a bit my ego and makes me think I’m contributing to a better future. I get to pat myself on the shoulder every morning and tell myself I’m a good man.
The project I’ve invested in has a 10% interest rate and is paying dividends twice a year (with the first payment due in August). That was the only project available at the time and I was eager to see what’s on the pipeline. That project is still in funding until the end of May. (it takes a while to fund a 7 million GBP project with only 5000 investors registered on the platform).
So far, they had an entire quarter with no new projects listed on the platform. That shows in their revenue and their new signups. According to their latest quarterly update, they do have 2 new projects in the pipeline. The sooner the better.
I stopped investing in Bulkestate a long time ago because the projects kept being funded before I had the chance to send funds to my account. There was no need to rush as there were many other interesting platforms and projects on the market.
Now I’m stuck with a 100 EUR investment that is due in July when I should also receive my 7.5 EUR interest payment.
Lately, I’ve seen a few projects available for more than a few days. Maybe it’s a good time to have a second look at the platform.
Swaper is a p2p lending platform very similar to Robocash.
It’s the offspring of Wandoo Finance Group that has consumer lending operations in different countries (Spain, Georgia, Denmark, Poland and Russia). Wandoo is using Swaper as a marketplace to finance its lending operations in these countries.
Investors get 12% interest rates, buyback guarantees and interest payments on late loans.
They don’t sound bad, so I want to try them out.
Some closing words
This has been a lot longer than I expected. It gets a bit addictive to test out new platforms. As I’m writing this, I’ve already added some new funds into Bondster and Flender, from the Czech Republic and Ireland.
On a different note, travelling around the world is great so far. We’ve been this month to Sydney, Kuala Lumpur, Singapore, Hong Kong, Osaka and now Tokyo.
The thing I miss the most from my work is my paycheck. I had none at the beginning of the month, so I’m eating my way into my hard earned savings.
I’ve spent so far in the 2.5 months since I’ve been travelling around 3.500 EUR, on flights, buses, trains, health insurance, Airbnb, food, booze and museum tickets.
The funny thing is, I would have spent around the same amount while I was at home and working, without enjoying travelling. Carrying my life in a backpack really diminishes my appetite for buying stuff. I need to think twice before buying something, as I’ll need to carry it around from place to place.
This might be a great method for increasing your savings rate. Carry in a backpack with you all the stuff you buy. I can even see the book title: “How I saved 1 million dollars. The backpack method”. Just think about it.