Fintown noticed its portfolio worth swell by nearly two thirds in September, whereas its buyers have accrued greater than €19,000 (£16,466) in curiosity thus far.
The European peer-to-peer lending platform stated that its whole portfolio stood at €1,356,152 as of September, with your complete quantity being present and no late or defaulted loans.
This compares to €826,756 in August.
“One in every of our standout options is our dedication to month-to-month curiosity funds,” Fintown stated in a weblog publish on its web site.
“We’re thrilled to share that we’ve persistently met this promise, and thus far, our buyers have accrued a complete of €19,907 in curiosity. Curiously, a major variety of our buyers choose to reinvest their curiosity immediately.”
Learn extra: Fintown launches new growth product
Fintown has raised €3m thus far and funded 17 loans, in line with its web site. It has attracted 1,213 buyers.
Final month, Fintown launched a brand new investor incentive scheme, referred to as the VIP Membership. Buyers who put €10,000 or extra into the platform are immediately eligible for the VIP Membership privileges.
For investments in Fintown tasks amounting between €10,000 and €29,999, members can achieve an extra 0.5 per cent every year of curiosity on their complete invested sum.
For these whose investments exceed €30,000, a bonus curiosity of 1 per cent every year on your complete invested quantity might be awarded.