06-11-2019, 06:45 PM
Dear p2p lenders,
Over the last 7 years, I have worked to create a platform that earns a healthy return for investors. Our net returns are 7.7%, which is above the industry average. We achieve this with high gross rates (circa 17%), reasonable default rates (circa 12%) and recoveries of 20% (though our target is to increase recoveries to 40%).
Most of our lenders have enjoyed above industry average returns, however, we have a broad distribution of returns. Here are some lender testimonials: https://nourish.wistia.com/medias/5pir1qoiz2 and here are some reviews: https://uk.trustpilot.com/review/www.reb...ociety.com
The regulator classifies us as a conduit platform, not a pricing nor a discretionary platform.
We have introduced various innovations, including the BuyBack Guarantee, aimed at new/risk-averse p2p lenders who sacrifice margin in exchange for risk mitigation. https://www.rebuildingsociety.com/buyback-guarantee/
Our business model is generally associated with being of higher risk and higher reward than with other platforms. We generally struggle to recover assets from defaulted businesses, unless there is some assistance to turnaround the business prospects.
We have learned a lot over the years and acted on the advice and input of our community. This includes learning from mistakes. We have tried to create, what we believe to be, an innovation-leading platform.
We are also the principal to three other P2P lending platforms: Huddle Capital, Sourced Capital and Aafiyya Islamic Finance. We also license our technology to various platforms around the world, through our sister company White Label Crowdfunding Limited. Having multiple revenue streams means we are not dependant on arranging loans to run the business(es).
If you are used to using platforms like Zopa, Ratesetter and Funding Circle, then it might be unusual to pick loans from a marketplace. We have a tool BidPal that makes it easy to lend according to your rules, but we encourage you to get familiar with some of the businesses you are lending to by reading about them. We are more transparent than other platforms, this gives you information, control and flexibility over your portfolio.
We are now into the 9th iteration of our credit decision model. We have a strong board, including the ex-Chief Risk Officer from Ferratum bank (Steve Walis) and two other high profile non-exec directors.
We have improved significantly in the last year and we are working hard to become a major player in the p2p lending industry.
We would love you to become a 'rebuilder' by joining our journey:
https://www.rebuildingsociety.com/register
Dan
'Architect' of the rebuild
Over the last 7 years, I have worked to create a platform that earns a healthy return for investors. Our net returns are 7.7%, which is above the industry average. We achieve this with high gross rates (circa 17%), reasonable default rates (circa 12%) and recoveries of 20% (though our target is to increase recoveries to 40%).
Most of our lenders have enjoyed above industry average returns, however, we have a broad distribution of returns. Here are some lender testimonials: https://nourish.wistia.com/medias/5pir1qoiz2 and here are some reviews: https://uk.trustpilot.com/review/www.reb...ociety.com
The regulator classifies us as a conduit platform, not a pricing nor a discretionary platform.
We have introduced various innovations, including the BuyBack Guarantee, aimed at new/risk-averse p2p lenders who sacrifice margin in exchange for risk mitigation. https://www.rebuildingsociety.com/buyback-guarantee/
Our business model is generally associated with being of higher risk and higher reward than with other platforms. We generally struggle to recover assets from defaulted businesses, unless there is some assistance to turnaround the business prospects.
We have learned a lot over the years and acted on the advice and input of our community. This includes learning from mistakes. We have tried to create, what we believe to be, an innovation-leading platform.
We are also the principal to three other P2P lending platforms: Huddle Capital, Sourced Capital and Aafiyya Islamic Finance. We also license our technology to various platforms around the world, through our sister company White Label Crowdfunding Limited. Having multiple revenue streams means we are not dependant on arranging loans to run the business(es).
If you are used to using platforms like Zopa, Ratesetter and Funding Circle, then it might be unusual to pick loans from a marketplace. We have a tool BidPal that makes it easy to lend according to your rules, but we encourage you to get familiar with some of the businesses you are lending to by reading about them. We are more transparent than other platforms, this gives you information, control and flexibility over your portfolio.
We are now into the 9th iteration of our credit decision model. We have a strong board, including the ex-Chief Risk Officer from Ferratum bank (Steve Walis) and two other high profile non-exec directors.
We have improved significantly in the last year and we are working hard to become a major player in the p2p lending industry.
We would love you to become a 'rebuilder' by joining our journey:
https://www.rebuildingsociety.com/register
Dan
'Architect' of the rebuild