P2P platform DoFinance passes EUR1m investment milestone
Over EUR1 million has now been invested in P2P platform DoFinance since its launch seven months ago.
“We’ve achieved one of our first major milestones, and DoFinance platform has been recognised by its investors. We’ve moved to this goal strategically and it is proven that with an easy and user-friendly solution it is possible to become an important player in the p2p lending market. DoFinance will continue to develop by actively following all the newest fintech trends, so we can continue to serve our investors and provide an opportunity for everyone to invest,” says Co-founder of DoFinance, Viesturs Kuļikovskis
DoFinance platform currently has 2051 investors registered and there is a steady monthly growth. The platform is popular in the European market with investors from nearly every country of the European Economic Area; the most active investors come from Germany (30 per cent), Latvia (14 per cent), Spain (11 per cent), Austria (4 per cent), Lithuania (4 per cent), The Netherlands (3 per cent) and Italy (3 per cent).
DoFinance is a platform open for everyone and by submitting all necessary documents the registration process takes just 5 minutes. Minimal investments start with EUR10, but average investments at the platform are EUR2000 on average for a six-month period using 12 per cent interest rate (used by 67 per cent from all investors). The 6 per cent interest rate has been chosen by 10 per cent of investors, but the 8 per cent interest rate has been chosen by 21 per cent, on average this constitutes to an interest of 11.13 per cent annually.
The platform offers an Auto-invest function which ensures that the investment is constantly earning. Besides that, the platform also provides a 100 per cent BuyBack guarantee from the first day. Investment safety is considered as the main priority of DoFinance therefore by implementing advanced risk analysis the NPL rate has been lowered – 6,58 per cent in October.
At the moment DoFinance platform is available in four languages – Latvian, English, German and Spanish. Investor can come from any of the European or Asian countries. Also from now November DoFinance is available for investments from legal entities.
DoFinance is a part of the Alfa Finance group which is successfully operating in Poland, Indonesia and Georgia. DoFinance is offering investors to invest in loans in Poland. Since the establishment of DoFinance, the platform has offered to invest in loans from Poland exceeding EUR9 million, meanwhile Alfa Finance has provided loans which until October 2017 have reached EUR6.3 million.