Another month another platfrom I will not invest anymore. Last month I decided to tighten my portfolio and stop investing on 7 platforms. This month I am fed up with Mintos. As long as nothing happens on the funds in recovery, I will not invest in new loans.

Do Finance:

In September I received 14,75€ interest on Do Finance and around 400€ of loan Repayments. I was able to withdraw 500€ my total invest is now 10.743! Makes me laugh that they still mention their buyback everywhere.

Auxmoney:

Already made a post about my Auxmoney time. Just a few € every month. I will remove Auxmoney from the table next month.

Fellow Finance:

Interest of 16,9€ from Fellow Finance and I was also able to withdraw another batch of 500€.

Twino:

Twino ran smooth throughout the whole Corona Crisis. I got 39.43 € in interested and will deposit more funds this month.

Bondora:

Wrote already a post about the situation on Bondora a week ago. I will remain as investor on the secondary and the G&G. No positive returns on the primary market possible.

Finbee:

Just keeps running despite the crisis. I think a will have to take another look at this maybe I will restart investing. Interest of 32.58 €.

Lenndy:

Lenndy also runs like a clockwork, though many loans are late, but that was also the case before the crisis.

Peerberry:

I mentioned in my month summary from August that I will not invest anymore with loans at 9%. Yet I kept my Auto Invest at 11%+ and all my money got invested. If Peerberry can keep this interest level I will remain.

My takeaways:

It´s interesting how some small and non buyback platforms have gone through the crisis. In the Sepember Volumes the biggest losses are for Mintos and Bondora. While Twino, Swaper, Finbee Peerberry have restored or even increased their volume. Considering the high amount of interest Finbee delivered in the last months, I will rethink my decision to leave.

Have a nice week!

Matt

As you might know Do Finance is my #1 when it comes to troubled platforms. Therefore everything related to it has my attention.

What has happend since my last post ?

Do Finance released two new blog post since my initial report.

Post #1: “As most of investors are requesting small amounts every other day and costs of transactions is very high, we changed the minimum amount from 10 EUR to 30 EUR.”

Does not bother me much, as due to my investment amount, my payouts are larger. What bothers me more is the portfolio overview they released. Of 3,356 Millions in loans, only 683 are current, 80% overdue and most of it 91+. Additionally in Poland is almost every loan 91+ Late

Post #2: Was a general post on the COVID Situation in Indonesia and Poland. Considering the fact that we have already a second COVID wave rolling, it´s news from yesterday…

In a nutshell they ramp up the Indonesia market but no high hopes for Poland. I wonder how short term loan financing is done in Poland currently. At least the online market is completely dead. Are people financing loans in pawn shops ?

My Account:

In September I got 449.46€ ~ 4% of my total assets! Another 25 MONTHS if we continue that pace. 14€ were profit interest, I do not expect to receive any late interest fees.

I tried to make a payout let´s see if that works ;-). Have you paid out anything lately and if yes how long did it take ?

As long as money keeps flowing monthly I will stay optimistic!

Have a nice Weekend!

Matt