Hello,
We had a record-breaking August. I would like to share the results and platform news.
How was August?
Record breaking originations
In August, we issued 1.8M Eur consumer loans (37% more than the average of the last 12 months) and 1.63M Eur business loans (69% above the average) and we had an excellent 3.4M Eur month!
10 Million Business Loan Portfolio
A significant increase in the issuance of business loans helped to reach another important mark – a portfolio of active business loans of 10M euros.
Since the beginning of issuing our business loans, investors have already earned more than 2 million euros in interest!
How many instalments were paid on time?
In August, 89% of companies and 72% of private individuals paid their contributions on time, excluding early repayments. The average of the last 12 months is 85% and 73% respectively.
Platform updates
This months we have three news on the platform:
1. For investors with a large amount of transactions, loading the account statement in the self-service took a long time and stopped. We have programmed that after 30 seconds loading a message pops up informing that the generation of the statement has stopped offering to download the statement by e-mail.
2. In some cases, the display of recovery actions on the platform was duplicated. We’ve fixed this place and it won’t happen again.
3. From now on, State-agency Invega will invest in D-rated business loans. This will help ensure prompt disbursement of loans to all borrowers.
I would like to thank our investors for the update suggestions provided. If you notice what could be improved on the platform, feel free to get in touch. :)
Simas.
