Welcome to the latest P2P News from the world of P2P platforms. Today we talk about the new Mintos property in Riga, an embarrassing Reinvest24 update, new stats at Fintown, a 10.52% special vault at Monefit and fresh funds for Indemo.Listen to the podcast here

#1 Mintos is launching new real estate in Riga

Mintos* launched four new property projects last week. These offer investors the opportunity to invest in holiday apartments in the historic Old Town of Riga. The new projects are owned by Entrum Latvia, a company specialising in the acquisition, management and rental of residential real estate.

Entrum Latvia, in turn, is over 95% owned by AS ALPPES Capital, a company belonging to Aigars Kesenfelds, which owns many companies in the Mintos area. CEO Martins Sulte also has a small stake through his company MS Cap. It is therefore fair to say that this is an internal Mintos company, which can certainly have its advantages.

The new offers include four properties with estimated interest rates between 6.2% and 7% and a term of 30 years. The monthly interest payments and the estimated annual capital growth of 3% make these projects attractive to investors. Although, in my opinion, this is impossible to predict for 30 years.

A cool extra: once you invest in one of these projects, you get a 10% discount on your booking on Booking.com. I myself have invested in all 4 properties and expanded my portfolio on Mintos.

#2: Reinvest24 update still brings no money

Where real estate is not doing so well, Reinvest24 is. There was an update from CEO Tanel Orro where he reported on the current status of the projects. However, from my point of view there was not much to report. The court cases in Moldova continue and sound like a protracted exchange of blows.

In Spain, the cases are also ongoing and Tanel reports some small successes. Unfortunately, one of the construction sites in Valencia was hit by the storm, which has further delayed everything. In Germany, the liquidation of the SPVs continues. It goes without saying that investors should not expect anything in the near future. In Latvia and Estonia, buyers are still being sought for the properties.

In short, no money for investors any time soon. What surprises me, however, is that not a word has been said about why investors have been waiting for almost a year for their disbursed and available funds.

This is often discussed in the Telegram group and there were also many comments under the video. By now it should be clear to everyone that investor and company funds are probably not separated – Reinvest24 remains silent. Either way, the platform’s reputation is gone and there will be no comeback.

#3: More transparency on Fintown

Czech real estate platform Fintown* recently launched its new statistics page, which gives investors a comprehensive insight into the platform’s portfolio. This new feature allows users to access real-time data on key figures such as the outstanding portfolio, investment volume, and principal and interest already paid.

I see the launch of this statistics page as a positive step forward in Fintown’s efforts to increase transparency. Investors now have a deeper insight into the platform’s portfolio and performance. Such measures increase the trust and attractiveness of the platform, especially for investors who want a little more background.

#4: Monefit SmartSaver temporarily raises interest rates

Monefit SmartSaver* has also announced an exclusive Black Friday promotion that offers investors an attractive opportunity to benefit from an annual return of 10.52%. This promotion is available to both new and existing Monefit users and is designed to appeal to particularly frugal investors. To take advantage of this promotion, you must invest in a 12-month vault.

This special 10.52% vault can only be used for 24 hours on Black Friday, 29 November. Investors can invest between €100 and €500,000 and then have a further 10 days to add more funds to the vault.

#5: Indemo is still going strong!

This week not only the new P2P cafe 10in10 with the Latvian real estate platform Indemo, but also a new payout has been announced to me, which should be made official in the next few days.

They have also announced that they have successfully completed a round of funding, raising a total of 556,000 Euros. This round was funded in several tranches over the course of the year by new and existing private investors.

The capital increase will enable Indemo to continue its successful roll-out in Europe. Forthcoming initiatives include the introduction of a secondary market function, which will allow mortgage debt to be traded between private investors for the first time.

In addition, the platform plans to expand its offering to include mortgage loans that will finally provide a predictable income.

Your feedback on the P2P lending news

That’s it for this week’s news round-up, this time focusing on Mintos real estate. Feel free to leave a comment on the blog with your feedback and if you find the content valuable, please share it! Thank you very much!

Watch the episode on Youtube