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14/01/2021
Sneakypeer Newsletter Week 2
Welcome back to the Sneakypeer newsletter! Below you will find industry highlights from last week.
LendSecured launches new addition to its secondary market
LendSecured, a Latvian online real estate crowdfunding platform, launched its secondary market in October of 2020, just two months after its founding. The decision to launch a secondary market directly correlated to the effects of the pandemic on the peer-to-peer industry, as many investors have been choosing to hedge from the risk of default by actively participating in secondary markets.
As an addition to the secondary market, LendSecured has attracted Anchor investors, granting investors the possibility to invest without waiting for the funding period and start earning interest immediately. Moreover, Anchor investors will serve as a safety net to ensure that projects will not be canceled due to insufficient funding and those project deadlines will not be extended.
Seedrs 1 million pounds in total investments
Seedrs, one of the leading online equity investment platforms in Europe, reached 1 billion in total investments on Christmas Day of 2020. 73 million worth of investments were invested in fintech, making it the most popular sector among investors in 2020. Other sectors experienced massive growth in investment as well, the most prominent being healthcare firms, which underwent an impressive increase of 292 percent in investments.
The recent updates from Seedrs are rather astonishing, as the peer-to-peer industry experienced an overall decrease of capital invested due to the pandemic. Jeff Lynn, the co-founder of Seedrs, has also admitted that the numbers are remarkable, given the obstacles of 2020.
