Welcome to my latest P2P lending income update for the month of November 2019!

Like every month, I am going to show you exactly how much I invested on each peer to peer lending platform, my deposits and my returns for the month.

I took a slightly different approach to displaying everything compared to my last few updates, so please let me know if you like it or not.

I also wanted to find a way to keep the repetitive parts short, while focusing more time on relevant changes that happen month by month on a platform level.

Apart from that, this month has been very eventful. I feel overwhelmed by all the positive feedback I received on my last two articles and videos. Thank you everyone!

In case you missed them:

Alright, I think that’s enough of an introduction. Let’s get into the good stuff!

P2P Lending Income – November 2019 Overview

Platform Income IRR Invested Value
Envestio 60,25€ 22,21% 3.029€ 3.955€
Iuvo Group 29,35€ 14,50% 2.850€ 3.399€
Mintos 83,44€ 13,03% 7.505€ 8.154€
Mintos I&A 10,25€ 10,60% 1.000€ 1.049€
Bondora G&G 5,52€ 6,62% 900€ 1.031€
Grupeer 32,34€ 13,79% 2.825€ 3.080€
Crowdestor 32,81€ 11,72% 3.900€ 4.060€
Monethera 19,58€ 25,55% 1.250€ 1.315€
Wisefund 19,94€ 23,26% 1.250€ 1.312€
Swaper 18,12€ 8,40% 1.500€ 1.519€
Viainvest 12,11€ 7,48% 1.500€ 1.515€
Lendermarket* 0,39€ 1,17%* 1.450€ 1.450€
Total 324,1€ 14,93% 28.959€ 31.839€

*recently added

Taking a closer look at my P2P returns

  • Income from P2P Lending (Nov. 2019): 324,1€ (+4,99€)
  • Total Earned: 2.879,78€
  • Internal Rate of Return: 14,93%
  • Start: 01.09.2018

I reached a new passive income record from P2P lending in November. As a result, I’m at 22% (+0,7%) of my first goal, 1.500€ monthly passive income from investments.

Let’s take a look at each P2P platform individually.

Envestio

  • Income (Nov. 2019): 60,25€ (-7,07€)
  • IRR: 22,21%
  • Invested since: 04.10.2018

Envestio published 6 projects with interest rates of 17,9%-19% per year last month.

I still wish they would start spreading out new loans more evenly over the entire month, instead of their habit of publishing several at once.

Hostel Renovation: Envestio vs. Crowdestor?

Interestingly, the loan Financing of refurbishment of hostel was for the same hostel that had previously been financed on Crowdestor.

Apparently, Crowdestor was open to discussing further funding via its platform, but it looks as if the borrower (Spade SIA) chose to refinance and work with Envestio instead.

Here is the full response I received from Janis Timma (Crowdestor CEO) on Facebook:

New management at Envestio?

Apart from that, Envestio announced a change in management yesterday (December 2nd): You can find the full press release here.

Apparently the platform was purchased by Arkadi Ganzin from Germany (Linkedin). Eduard Ritsmann (Linkedin) will join Envestio as the new COO and Development Director.

The former Envestio COO Evgeniy Kukin will continue working as General Advisor for at least six more months after the acquisition and all team members are staying with the company.

I don’t know what to think of this change yet, so I’ll reserve my judgement until we find out more about the new owner and management in the coming weeks. 

Who knows, maybe the new COO will bring a more regular flow of projects to the platform. Either way, I’m hoping Envestio will be able to keep up its track record. 

Iuvo Group

Note: Oct. 2018 shows the 90€ refer-a-friend bonus
  • Income (Nov. 2019): 29,35€ (-0,4€)
  • IRR: 14,50%
  • Invested since: 05.10.2018

While Iuvo Group kept running nicely on its own last month, I’ve noticed that the 14%+ interest iCredit loans seem to sell out pretty quickly every week, probably because many new investors joined the platform.

Personally, I don’t mind waiting for my AutoInvest to automatically pick them up as soon as they’re released. They’re usually added either Wednesday, Thursday or Friday morning every week.

Mintos

  • Income (Nov. 2019): 83,44€ (-8,36€)
  • IRR: 13,03%
  • Invested since: 27.09.2018

Mintos has been running smoothly and reinvesting reliably in November, as we are now back to having plenty of available loans with interest rates up to 11,5% on the platform.

I’m still hoping we’ll see a further increase in available interest rates in the coming weeks.

Mintos Invest & Access

  • Income (Nov. 2019): 10,25€ (+2,43€)
  • IRR: 10,60%
  • Invested since: 12.06.2019

The average interest rate of my Mintos Invest & Access portfolio keeps decreasing and is currently sitting at 9,89% per year.

We’re unable to withdraw around 26,25% of the portfolio at the moment, as that part is either late or in grace period.

If that’s a priority for you, then you should probably look at the next platform on my list.

And if you’re curious about why I opened an Invest & Access account in the first place:

Bondora Go & Grow

Note: I invested an extra 7.000€ for less than a month on Go & Grow during Sept. 2018
  • Income (Nov. 2019): 5,52€ (-0,16€)
  • IRR (incl. withdrawals): 6,62%
  • Invested since: 01.09.2018

For short-term investments in P2P lending, I have yet to find a better platform than Bondora Go & Grow.

While getting a slightly lower interest rate of 6,75% per year, I can withdraw the full amount of my deposit, including interest at any time (-1€ flat withdrawal fee). 

At the moment I can withdraw 1.030,26€

Grupeer

  • Income (Nov. 2019): 32,34€ (+1,31€)
  • IRR: 13,79%
  • Invested since: 02.10.2018

Grupeer‘s Auto Invest has been running reliably last month, reinvesting my funds into buyback loans with 13% interest per year. 

Over the course of November, the loan originator Monify left Grupeer, while Lime joined the platform.

Grupeer is currently running another Cashback campaign:

  • Until December 8th, Grupeer is offering an instant 0,5%-1% Cashback when investing into loans by Cubefunder, Right Choice Finance and Lime.

Crowdestor

Paid interest: Interest payments I received on a monthly basis; Accrued interest: Includes outstanding interest that I should receive at a later date
  • Income (Nov. 2019): 32,81€ (-7,25€)
  • IRR: 11,72%
  • Invested since: 03.04.2019

Crowdestor redesigned its website last month. While I generally like the redesign with the graphs for upcoming payments and profit so far, I think there’s still room for improvement.

It also seems as if the platform is working on an AutoInvest feature, which I’m looking forward to.

As far as loans are concerned, I received a full repayment of my Hostel Renovation loan and reinvested my funds into these projects on Crowdestor:

  • Premium Foods Confectionary: 15% interest
  • Mortgage Backed Financing Company: 18% interest
  • M119: 16,5% interest

Monethera

  • Income (Nov. 2019): 19,58€ (+0,15€)
  • IRR: 25,55%
  • Invested since: 16.08.2019

Monethera has done a good job adding new projects with interest rates up to 19,8% per year over the course of November.

All payments arrived on time so far and I received my first full loan repayment last month, so I can’t complain.

Apart from that, I asked Monethera to extend the cashback for existing investors, as I didn’t think it was fair that early investors (like me) received a shorter cashback duration compared to new investors.

The team told me they’re adding new features to the website this week, including the option for existing investors to use promo codes (like the one below) to extend the 0,5% cashback.

Wisefund

  • Income (Nov. 2019): 19,94€ (-2,30€)
  • IRR: 23,26%
  • Invested since: 21.08.2019

The month started out well for Wisefund, with some available loans in the beginning of November and all interest payments arriving on time.

However, If you’re a Wisefund investor already, you probably noticed the following message when logging into the account over the past few days:

The platform had some trouble with their payment provider and are working on faster payment processing as well as new deposit options.

According to Wisefund, the issue should be fixed by tomorrow. Apart from deposits, everything else (including withdrawals) is working as usual.

That’s also the reason why they haven’t added new loans. They already have new projects waiting for funding, which will be added as soon as the payment upgrade is completed.

On the plus side, my first loan, Railway forwarding operations with an interest rate of 19,7% per year, has been fully repaid on November 8th:

Swaper

  • Income (Nov. 2019): 18,12€ (+17,23€)
  • IRR: 8,40%
  • Invested since: 02.10.2019

My 1.500€ investment on Swaper started generating a nice amount of passive income last month, which I’m happy to see.

Apart from the occasional 40-50€ on my account, I’ve been fully invested in November.

Viainvest

  • Income (Nov. 2019): 12,11€ (+9,02€)
  • IRR: 7,48%
  • Invested since: 11.10.2019

Just like Crowdestor, Viainvest also redesigned its website last month.

I’m sticking to mostly Swedish loans with 11% interest on Viainvest, which I can’t find on any other platform.

Lendermarket

  • Income (Nov. 2019): 0,39€ (+0,39€)
  • IRR: 1,17%
  • Invested since: 21.11.2019

I added Lendermarket, another peer to peer lending platform, to my portfolio on the 21st of November.

Why I added Lendermarket to my P2P Portfolio

Lendermarket was recently launched by Creditstar, one of my favorite loan originators on Mintos.

Creditstar itself was founded in 2006 and has been offering financial services (loans) ever since. The Credistar Group currently operates in 8 countries all over Europe and has been profitable for over 7 years.

I added 1.450€ to the platform last month:

  • 1.000€ on November 1st
  • 450€ on November 26th

The Auto Invest was very easy to set up and my money was invested right away, into 12% interest loans with a 30-day buyback guarantee.

Lendermarket offers mostly short-term personal loans from Spain, Finland, The Czech Republic, Estonia and Poland.

I’m currently working on a more in-depth article about Lendermarket, stay tuned!

That’s it!

Thank you for reading my latest monthly update. I hope you had a successful month as well!

You might find this useful as well:

6 Comments

  1. Hello Angelo, thanks for another great article and so many details for each platform. I following you a while now and you are doing a great job, It would be great if someday you make a platform on your own for managing investments across p2p platforms :).

    Questions about your portfolio: why are you keeping such a large amount on Mintos and not moving to another platform whit higher IRR?

    Cheers

    • thank you Vlad! I think I’ll leave that part to other people for now 🙂

      It’s not worth it for me to move money from the account, I’ll just add new money to other opportunities. I still have a lot of trust in Mintos and I do think it’s possible that the interest rate could increase a bit in the coming weeks. Of course I would act differently if they were only offering 10% or less.

  2. Finance Freedom Reply

    Hey Angelo, about the Mintos 11.5% loans, from which Loan Originator? I still have close to 2k euros cash on the account, which needs reinvesting.

    • Hi Lukas, the last few 11,5% interest purchases my AI made were from Cashwagon Vietnam, Dinero and Expresscredit. Peachy also has 11,5% loans from time to time.

  3. Hey Angelo. Does this income report include all the affiliate bonuses from signups? The monthly income looks quite high on some of these platforms for the amounts invested.

    • Hi Basil!
      No, that would make no sense to me.

      I’m including signup bonuses I received as an investor though, but only if they’re still available today.

      Any platform in particular you’re wondering about?

      Edit: I just noticed I made a mistake with Viainvest, I had the correct amount in the overview but not in the article. It’s fixed now.

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