Klear streamlines auto-invest product
Klear Lending has streamlined its auto-invest product to make it easier for investors to remain invested in new projects.
The Bulgarian peer-to-peer lending platform rolled out its Standard Auto Invest strategy at the end of September, with a new feature that allows investors to activate automated investing in one click.
The change came after Klear noticed that many of its new investors wanted a more hands-off experience with their investments.
“They want to be sure that their money is invested, and they look for the average return,” said a platform spokesperson.
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“This strategy has no filters and dynamically adjusts the maximum invested amount per loan to ensure a high diversification level while limiting the idle money on the wallet.”
In response, Klear built an algorithm that takes into account the supply and the demand of loans, now and in the future, to “dynamically adjust for each investor the maximum amount per loan” every hour before the Auto Invest batch runs, or when a new deposit arrives on the wallet.
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It means that new investors can put their money to work more quickly, while existing investors can reinvest their money more easily.
“This standard strategy does not pretend to be perfect,” said the platform spokesperson.
“But we believe it is a very good no-brainer solution for anyone who wants to start investing without making mistakes and with the comfort of making the most out of his money.”
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