Viainvest sees increase in asset-backed securities in July
European peer-to-peer lending marketplace Viainvest published €6,744,286 (£5,804,329) of loans last month, most of which were securities backed by loans originated by its network.
The Latvia-headquartered firm, which connects investors with consumer loans from a variety of originators, said that “the amount of asset-backed securities published increased in tandem with the activity of loan originators.”
Viainvest funded €6,747,667-worth of loans last month.
The platform launched asset-backed securities a year ago and is transitioning its entire portfolio into the product. Earlier this month it revealed that 80 per cent of its book now comprises asset-backed securities and 20 per cent is other types of finance including business loans.
The platform expects the remainder of its portfolio not invested in asset-backed securities to be repaid by the end of the year.
Viainvest’s July update also showed that the platform has a total of 35,071 registered investors, who made an average deposit of €3,567 in July.
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Viainvest said that the average annual interest rate on newly issued asset-backed securities remained stable at 13 per cent.
“The July figures highlight a consistent pattern of trust, growth, and competitive returns,” Viainvest said in a. blog post on its website. “These insights will shape strategies and initiatives in the future, ensuring that the platform remains aligned with investor needs and market dynamics.”
Read more: Viainvest launches new auto-invest product
Last month, Viainvest announced that its auto-invest settings page has been redesigned to be more user-friendly.
“Investors can now create a custom strategy with a minimal number of settings, and additional filters can be added to meet their specific needs,” it said. “When one of the filters is selected, an explanatory message is displayed to help the investor understand the filter’s potential impact.”
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