ViaInvest settles Swedish cession repayments

ViaInvest has settled cession repayments by one of its Swedish loan originators and will now focus its attention on settling its Latvia-based cession investments.

The Latvia-based peer-to-peer lending platform said that it expects to complete all remaining cession repayments within the first half of 2024.

The cession payments refer to investments made before 2 August 2022, and cover loans from originators in the Czech Republic, Romania, Poland, Latvia and Sweden. Only the Latvia-based payments remain outstanding.

Read more: ESG-linked loans fall out of favour, for now

Last month, Eduards Lapkovskis, ViaInvest chairman, said that just 15 per cent of what was originally invested in Latvia remains.

In an update to investors, ViaInvest reported that €7.79m (£6.71m) of loans were published during the month of December, and €7.53m loans were funded.

Almost €300,000 was paid in interest to investors, and the maximum interest rate remained at 13 per cent.

Read more: ViaInvest hires new risk director, debuts new offerings

Total client registrations reached 37,277 last month.

Late last year, ViaInvest said that it plans to launch new investment products in 2024 as it prepares for accelerated growth.

The platform ended 2023 with its largest investment portfolio to date, and its largest ever community of investors.

Read more: ViaInvest to launch new investment products in 2024