ViaInvest has settled cession repayments by certainly one of its Swedish mortgage originators and can now focus its consideration on settling its Latvia-based cession investments.
The Latvia-based peer-to-peer lending platform mentioned that it expects to finish all remaining cession repayments throughout the first half of 2024.
The cession funds check with investments made earlier than 2 August 2022, and canopy loans from originators within the Czech Republic, Romania, Poland, Latvia and Sweden. Solely the Latvia-based funds stay excellent.
Learn extra: ESG-linked loans fall out of favour, for now
Final month, Eduards Lapkovskis, ViaInvest chairman, mentioned that simply 15 per cent of what was initially invested in Latvia stays.
In an replace to traders, ViaInvest reported that €7.79m (£6.71m) of loans had been revealed throughout the month of December, and €7.53m loans had been funded.
Nearly €300,000 was paid in curiosity to traders, and the utmost rate of interest remained at 13 per cent.
Learn extra: ViaInvest hires new danger director, debuts new choices
Complete consumer registrations reached 37,277 final month.
Late final yr, ViaInvest mentioned that it plans to launch new funding merchandise in 2024 because it prepares for accelerated progress.
The platform ended 2023 with its largest funding portfolio up to now, and its largest ever group of traders.
Learn extra: ViaInvest to launch new funding merchandise in 2024