ViaInvest funds €7.3m in August loans
ViaInvest financed more than €7.3m (£6.24m) in consumer loans during the month of August, as the platform hailed its “unwavering growth trajectory and promising yields.”
The Latvia-based peer-to-peer lending platform published €7.8m in loans last month, with €7.3m of these loans funded by its retail investment community.
This represents an increase on July’s €6.7m funding record.
Read more: ViaInvest hires new risk director, debuts new offerings
The platform grew its investor base to 35,535, up from 35,017 in July, while maintaining a consistent rate of return of 13 per cent.
The average investor deposit remained largely unchanged from the previous month, at €3,570 per person.
“August saw our community flourish to 35,535 registered investors,” said a ViaInvest spokesperson in a blog post.
Read more: Viainvest funds €67.6m of asset-backed securities in year since transition
“We recognise the interests and aims of our newcomers and will support their journey towards realising them.
“The numbers for August underline our unwavering growth trajectory and promising yields.”
The August update marks the continuation of a successful summer for ViaInvest, which has seen the amount of its asset-backed securities increase in tandem with the activity of loan originators.
Earlier this month, the platform announced that it had funded €67.6m of asset-backed securities and paid out €1.45m in interest, since launching the product one year ago.
Read more: Viainvest sees increase in asset-backed securities in July