Fintown has introduced that its portfolio worth reached €826,756 (£711,820) final month, whereas its buyers earned greater than €13,000 in curiosity.
The European peer-to-peer property lending platform mentioned that none of its loans are late or in default.
Fintown, which is planning to launch an auto-invest characteristic quickly, additionally highlighted that its customers are selecting to maintain their cash invested within the platform.
Learn extra: Fintown launches new improvement product
“With our Flexi product, buyers have the flexibleness to withdraw each their principal and curiosity,” Fintown mentioned in a weblog submit on its web site.
“Nevertheless, we’ve noticed that they’ve chosen to not. This means that the beforehand invested quantities stay intact, and curiosity continues to be paid out month-to-month. We consider this demonstrates our buyers’ satisfaction with our choices.”
Learn extra: Property buyers planning to bolster portfolios
Of the €13,012 paid out to buyers, Fintown mentioned that almost all select to reinvest their curiosity instantly.
Fintown has raised €2.6m to this point and funded 12 loans, based on its web site. It has attracted 772 buyers.
Final month, Fintown launched a brand new investor incentive scheme, known as the VIP Membership. Buyers who put €10,000 (£8,500) or extra into the platform are immediately eligible for the VIP Membership privileges.
For investments in Fintown initiatives 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 the whole invested quantity will likely be awarded.