ViaInvest financed greater than €7.3m (£6.24m) in client loans in the course of the month of August, because the platform hailed its “unwavering development trajectory and promising yields.”
The Latvia-based peer-to-peer lending platform printed €7.8m in loans final month, with €7.3m of those loans funded by its retail funding neighborhood.
This represents a rise on July’s €6.7m funding document.
Learn extra: ViaInvest hires new threat director, debuts new choices
The platform grew its investor base to 35,535, up from 35,017 in July, whereas sustaining a constant charge of return of 13 per cent.
The typical investor deposit remained largely unchanged from the earlier month, at €3,570 per individual.
“August noticed our neighborhood flourish to 35,535 registered traders,” mentioned a ViaInvest spokesperson in a weblog submit.
Learn extra: Viainvest funds €67.6m of asset-backed securities in yr since transition
“We recognise the pursuits and goals of our newcomers and can help their journey in direction of realising them.
“The numbers for August underline our unwavering development trajectory and promising yields.”
The August replace marks the continuation of a profitable summer season for ViaInvest, which has seen the quantity of its asset-backed securities improve in tandem with the exercise of mortgage originators.
Earlier this month, the platform introduced that it had funded €67.6m of asset-backed securities and paid out €1.45m in curiosity, since launching the product one yr in the past.
Learn extra: Viainvest sees improve in asset-backed securities in July