The world of P2P lending is ever-evolving, with recent developments that are capturing the attention of investors and industry enthusiasts alike. This week, we delve into some significant updates from various platforms, providing a comprehensive overview of what to expect moving forward.
Among the noteworthy announcements, Lendermarket has finally resolved all outstanding payments on its legacy platform, putting an end to a prolonged period of uncertainty for many investors.
Meanwhile, Monefit is ramping up its marketing efforts across Germany, signaling its ambitions in the competitive lending landscape. Let’s explore these updates in detail.
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Lendermarket settles outstanding payments
After years of waiting, Lendermarket has confirmed that all pending payments from its initial platform have been fully settled. This closure marks a significant milestone for the platform, alleviating concerns that have loomed over it for some time. Contrary to early fears, investors did not incur any losses during this period.
As a result of this development, Lendermarket 1.0 will be officially decommissioned by December 31, 2025. Investors are advised to download their transaction histories and account statements before this date, as retrieval requests will become more complicated and potentially costly thereafter.
Investors‘ experiences with Lendermarket
Reflecting on my personal experience with Lendermarket from 2022 to 2025, I found it to be one of my more lucrative platforms, yielding an impressive return of 22.87%, according to the statistics. Although the pending payments were a source of frustration at times, the overall outcome was quite favorable. Patience, as it turns out, was key.
However, I am uncertain about returning to the platform, as I already maintain a position in Monefit SmartSaver, which features a Creditstar product. Having both investments doesn’t appear to offer additional benefits for my portfolio.
Monefit’s aggressive marketing strategy
In the meantime, Monefit has been making headlines with a vigorous advertising campaign across Germany. If you’ve frequented train stations or busy public areas, you may have noticed large billboards showcasing Monefit’s offerings. This initiative has certainly increased my view counts, as curious individuals are likely searching for information online.
While other competitors like Bondora have attempted TV advertising with mixed success, Monefit’s approach seems promising. Currently, I have allocated part of my broker’s crash reserve within Monefit and constructed a 12-month fixed-rate savings ladder with around 10% returns, with my first interest withdrawals set for November.
Monefit’s performance and potential
Monefit SmartSaver has consistently delivered reliable performance, countering initial skepticism. As the platform approaches its three-year anniversary, there may soon be enticing opportunities for both new and existing investors looking to enhance their positions.
Positive news from the MJL Group
In the real estate investment sector, the MJL Group, the parent company of the P2P platform Devon, has made strides by committing to fully settle an old Crowdestate project from 2021. After extensive negotiations, an agreement with the departing platform has finally been reached.
This resolution involves two projects totaling approximately €1.3 million, with all outstanding amounts—interest, legal fees, and a 3% penalty—being returned to investors. By taking full responsibility for these obligations, MJL showcases its credibility and commitment to its investors.
Impact on Devon investors
This development serves as a strong testament to the reliability of the group guarantee, instilling greater confidence among Devon investors. Personally, I am considering increasing my investment in Devon, as there are currently several cashback projects available, and MJL’s commitment has reinforced my belief in their stability.
Changes in Estateguru’s fee structure
On a less favorable note, Estateguru is set to implement new fees starting November 1, 2025. The ongoing asset management fee will rise from 0.05% to 0.083% per month, translating to an annual cost increase from 0.6% to around 1% for active investors.
For instance, an investor with a €100 loan will face an annual fee of nearly €1 instead of approximately €0.60. While this might seem negligible, it can accumulate significantly for larger portfolios.
Market adjustments for sellers
On a positive note, secondary market sellers will experience a reduction in trading fees from 3% to 1%, and the maximum discount will increase from 40% to 80%, enhancing liquidity for those looking to exit projects swiftly.
Overall, while the fee increase may deter some investors from remaining on the platform, those seeking to leave might find the changes beneficial.
Income Marketplace’s current trajectory
Shifting to Income Marketplace, the situation appears to be cooling down. The prominent lender ITF Group has announced a reduction in interest rates by 0.5% in two phases, resulting in a new rate of 11% per annum. This move aims for sustainable growth and reduced risk, but it translates to lower returns for investors.
As interest in Income loans dwindles, it’s clear that investors are seeking more attractive alternatives in the current market landscape. However, there’s a glimmer of hope with ClickCash, which recently made a payment of €5,000, marking progress, albeit still far from complete resolution.
In summary, this week has brought significant developments, particularly concerning Lendermarket and its pending payments. Feel free to share your thoughts in the comments section, and if you find this information valuable, don’t hesitate to share it with others!
