I don’t know how warm it has been at wherever you are currently residing, but it’s certainly been a hot start for a summer in Tallinn. The sunny days and lighter restrictions energize people and it really shows in many ways. Let’s peek into the new data and see how fruitful the month of June has been for Swaper and our investors.
Our most recent Statistics show that our investors had earned a cumulative of 3,45m eur return by the end of June. Last month we added 23 342 new loans to the platform and it’s nearly twice as many as in June ’20. The total count of loans grew to 764 681. Thus, we managed to fund 6,41m eur in loans last month which means that this number has grown 112% compared to June 2020. We are certainly pleased with our active investors and look forward to increasing these numbers with the help from all of you.
We have also kept up with the content on our website. As every Monday, we have published some new posts in June to help our investors keep up-to-date with the happenings in the industry. The topics vary largely enabling you to get a wide picture of things. It also allows pretty much everyone to find some reads that interest them.
What do you think is the best p2p investing platform? It really depends on who can deliver regarding the metrics that are specifically important to you, right? Knowing that one size hardly fits all, we think it’s difficult to underline just one platform and claim that we know the answer. Thus, we have tried to conclude some of the metrics that may be most important to you when finding the favorite platform for your p2p investments – like the speed of deposits and withdrawals, interest rate, BuyBack option and the amount of investors. We have compared these details of some of the most popular p2p marketplaces and the blog post can be found right here: https://swaper.com/blog/best-peer-to-peer-lending/.
Closely related to this topic, we have also published a post about some of the reasons why it may be a good idea to invest in consumer loans. In this post we will walk you through the definition of consumer loans as well as the differences between secured and unsecured loans. Here’s a little takeout from the post to give you a better idea of what it’s all about:
Unsecured consumer loans are peer to peer loans that don’t involve collateral — collateral being assets that can be repossessed if a borrower does not pay back, such as a car or business. Usually, these loans are only issued to individuals with good credit scores. These types of loans are riskier, so the interest rates are higher and loan originators can make returns of over 200%.
On this Monday’s post we shared some knowledge and thoughts on the history and possible future of alternative lending. Packed with juicy data and statistics of the industry, it’s an engaging piece for everyone who’s into alternative lending, no matter how advanced you are in this field at the moment. Go ahead – read the post and find out for yourself.
If there’s anything else you would like to read or know about, let us know. We are really thankful for all the feedback we receive from our investors and truly value your input. Your involvement means a lot to us and helps us to keep on the right course. Our team wishes you the most fruitful and sunny summer! Talk soon!
Your Swaper Team