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ViaInvest users will now have the chance to invest in the new business loans in the Philippines with a promised annual return rate of 12%. Vamo Lending Inc., a consumer lending brand created by VIA SMS Group and Twino, will be responsible for issuing loans in the Philippines.
30/04/2021
Sneakypeer Newsletter Week 17
Welcome back to the Sneakypeer newsletter! Below you will find industry news from last week.
Reinvest24 increases share capital
Reinvest24, an Eastern European real estate crowdfunding investment platform, has recently significantly increased its share capital from 2,500 euros to 120,000 euros. According to the platform, this change has already been implemented in the Central Commercial Register of Estonia, Estonia’s database that holds information of various institutions, firms, and other organizations within the country.
VIAINVEST expands to the Philippines
VIAINVEST, a Latvian peer-to-peer platform, has entered the Asia-Pacific market, offering users to invest in business loans in the Philippines. The decision to expand overseas was affected by the platform’s parent company, VIA SMS Group, which currently provides financial services in 7 European countries. With the ambition of financing consumer lending business development in the Philippines, VIAINVEST will be utilized as an additional funding source to accelerate progress towards this goal.
ViaInvest users will now have the chance to invest in the new business loans in the Philippines with a promised annual return rate of 12%. Vamo Lending Inc., a consumer lending brand created by VIA SMS Group and Twino, will be responsible for issuing loans in the Philippines.
Nordstreet introduces a new secondary market feature
Nordstreet, a Lithuanian real estate crowdfunding platform, has recently added a new update to their secondary market, allowing users to divide their investments and sell them in separate parts. According to the platform’s statistical data, investments bought on the secondary market are most commonly under 1,000 euros; therefore, the new functionality will enable users to split up their large investments, making them easier to sell.
