What Lendermarket 2.0 means for investors
Earlier this year, Dublin-based peer-to-peer lending marketplace Lendermarket launched ‘Lendermarket 2.0’ – an upgraded version of the platform which came with a slew of new features for existing and new investors.
Two months after its launch, Lendermarket 2.0 is well established, and the feedback from investors has been overwhelmingly positive.
“The feedback from investors and borrowers regarding Lendermarket 2.0 has been highly positive,” says Carles Federico, chief executive of Lendermarket.
“Investors appreciate the smoother and more reliable platform experience. “Additionally, we are looking forward to the introduction of new features, further enhancing the overall user satisfaction and trust in the platform.”
The new iteration of the website was designed to offer more support to the platform’s growing community, and to allow for even more robust growth in the years ahead.
Unlike the previous version of the platform, Lendermarket 2.0 allows investors to deposit funds, automate investments and review their account details. They can also review investment details and download reports for investments.
“Continuous innovation and growth are paramount in the P2P investment sector to remain competitive and meet the evolving needs of investors,” said Federico.
“By innovating, we have enhanced the user experience, introduced new investment opportunities, and improved our risk management practices.
Read more: European P2P returns hit 10.6 per cent
“Moreover, this growth allows us to expand our reach, attract more investors, and forge strategic partnerships, ultimately contributing to the sustainability and success of our platform.”
Since its launch in 2019, Lendermarket has onboarded more than 17,000 new investors, and facilitated investments exceeding €400m (£343m) in loans. To date, investors have earned returns of almost €18m.
“We have grown together with our investors and our loan originator partners to offer a secure, innovative and transparent platform that gives our investors the opportunity to diversify their investments around the world,” Federico added.
To mark the launch of Lendermarket 2.0 as well as the platform’s fifth birthday, the lender has rolled out a series of new incentives for investors. These include a new 2.5 per cent cashback bonus on all new investments with a minimum deposit of €500.
During each week of this cashback campaign period, Lendermarket will give away €300 to investors as a ‘birthday gift’. This follows the conclusion of another successful cashback campaign towards the end of last year, which saw €31,000 paid out in bonuses to investors who signed up to the platform’s ‘Cashback Carols’ offer.
Read more: Lendermarket launches 2.0 platform
Federico is committed to rewarding investors for their loyalty and support, and he sees Lendermarket 2.0 as the key to the next stage of the platform’s growth.
“Looking ahead, our aspirations for the next five years are ambitious yet achievable,” he says.
“We aim to continue our trajectory of growth, expanding our investor base, loan offerings, and geographical reach, while being a leading player in the P2P investment sector, known for our innovation, transparency, and commitment to investors’ success.
“Additionally, we strive to foster even stronger partnerships with loan originators and regulatory bodies, ensuring sustainable growth and long-term viability.”
Read more: Continental European P2P market forecast to grow by 20pc next year