Get a quick overview of the latest news from the P2P lending industry
The company reports the following financials for 2023: €170,000 in net profit, €758,456 in revenue, and €350,596 in equity. According to the auditor, the financial statements give a true and fair view of the financial position.
Money for Finance released its financials for 2023. The company reports €28.57 M in revenue, €4.16 M in net profit, and €5.49 M in equity. From April 29th, the platform will list Jordanian EUR loans at 11% and USD loans at 12%.
Crowdestor released information about the status of outstanding projects. The platform identifies €27.94 M of its portfolio as problematic.
CrowdedHero offers the option to invest in SIMPLEROS, a Spanish lending company founded and operated by Santa Lemsa, former Chief Risk Officer at the Robocash Group. The project offers a fixed loan term of 2 years and semi-annual interest payouts.
LANDE announce new collaborations with debt collection lawyers in Latvia and Lithuania to speed up the recovery of defaulted loans.
The AvaFin group ended FY 2023 with €32 M in equity, €80 M in liabilities, and €7.8 M in net profit. Auditors did not report any misstatements.
TWINO announced that it will exit the joint venture lending business with VIA SMS Group in Vietnam due to the "increasingly challenging local business environment." Additionally, the TWINO Group has made a strategic decision to exit the Philippines venture, therefore suspending its operations in the Asia-Pacific region.
Capitalia has added more risk-related features that help investors better understand the risks connected to the funding of business loans.
Lending companies operating under the Aventus Group name made €53.8 M in net profits in 2023, an annual increase of 260%.
The South African bank Capitec is increasing its shares in Avafin Holding Limited from 40.66% to 97.69% for a purchase price of €26.3 million.