Gabriela Bergmane

gabriela

UK's P2P platform $Zopa has announced the closure of their retail investing business.

Zopa Bank will be buying the P2P loan portfolio and investors will receive their investment balances back by the end of January.
As reasons for the closure Zopa mentions that customer trust in P2P investing has been damaged by some other businesses whose approach led to losses for investors. They add that the changing regulation has increased the operational costs of running the business and attracting new investors. ''To offset these increased costs and ensure we have a sustainable and profitable business, we’d need to reduce investor returns to a point where they’d no longer be attractive and commensurate with the risk that investors take on.''


Creditstar has published the 2020 financial report, with a qualified opinion from KPMG.
The reason for the qualified opinion is that the company had revalued upwards the value of intangible assets in both 2019 and 2020, which is not permitted under the Estonian accounting standards.

Key figures:
Profit = € 5.5m
Assets = € 160.0m
Equity = € 30.6m
Debt = € 129.3m



We have added 2021 Q3 financials for two $Mintos loan originators: Creditstar and Iute Credit.

Creditstar - key figures:
Profit = € 2.1m
Assets = € 188.0m
Equity = € 38.3m
Debt = € 149.7m

Iute Credit - key figures:
Profit = € 4.4m
Assets = € 130.0m
Equity = € 23.7m
Debt = € 106.3m

The full reports can be viewed here: p2p.holdings/mintos/loan-originators



$NEO Finance has published 2021 Q3 financials.

Highlights:

- Based on non-audited accounting data, income has grown significantly up to EUR 914 K. Compared to
2020 Q3, it increased by 34 %.
• Debt recovery costs decreased by 45 % from EUR 133 K to EUR 63 K.
• Salary expenses rose by 99 % from EUR 111 K to EUR 220 K.
• Number of registered users grew by 20 %, up to almost 125 K users.
• EUR 7,7 M of financed loans were granted.


Key figures:
Profit = € 0.3m
Assets = € 12.2m
Equity = € 2.2m
Debt = € 9.7m


We have added the 2020 annual report of IDF Eurasia.

Key figures:
Profit = € 4.2m
Assets = € 74.9m
Equity = € 18.6m
Debt = € 56.3m


$Reinvest24 have released the 2020 annual report.

Key figures:
Profit = € 0.0m
Assets = € 0.1m
Equity = € 0.0m
Debt = € 0.1m

The 2020 annual report of $Lendermarket, audited by Grant Thornton, has been published.

Key figures:
Profit = € -0.4m
Assets = € 0.4m
Equity = € -0.2m
Debt = € 0.6m

We have added the 2020 annual report of Credissimo, a $Mintos loan originator.

Key figures:
Profit = € 2.7m
Assets = € 24.1m
Equity = € 18.8m
Debt = € 5.2m

We have added the 2021 Q2 financial report of $Debitum Network.

Key figures:

Profit/loss: € -21k
Assets: € 313k
Equity: € 286k
Debt: € 27k

We've added Investly Technologies OU financial report 2020, key figures:

Loss = € -0.1m
Assets = € 0.1m
Equity = € 0.0m
Debt = € 0.1m



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