Gathering data

LANDE Review

LANDE Statistics

SP
LV
  • Business name: LANDE
  • Legal name: SIA Secured Finance MGMT
  • Jurisdiction: Latvia
  • Type: Crowdfunding
  • Average score:
    4 / 5
Promised annual return

11.4 %

Sneakypeer scoring

6.6

Transparency

98%

Secondary Info
  • Total invested: €2.9M
  • Buyback guarantee: No
  • Secondary market: Yes
  • Licensed: In progress
Loan Types
Agricultural loans
Real estate loans

LANDE Description

General Information

LANDE is a Latvian based crowdfunding platform, which was founded in 2020. Till now, more than EUR 2500000 has been invested through the platform. LANDE does not have an investment brokerage/crowdfunding license. The platform offers agricultural loans secured wither with land, machinery, or grains. LANDE provides information about the projects with necessary details that are important for investors such as the address, collateral, and personal guarantee.

Board & Team

LANDE provides information about the owners and managing team. The owners come from the lending and financial sectors as both owners are also known as the co-owners of Latvijas Hipoteka Ltd-a mortgage and agricultural lending service provider. Part of managing teamwork with Latvijas Hipoteka as well, for instance, the CEO Nikita is the CFO at Latvijas Hipoteka. Also, the founders were involved in the real estate market previously. LANDE team consists of other experienced professionals who have professional and academic backgrounds related to the industry such as Law and Finance.

Conclusion

LANDE is a crowdfunding platform with the promised return of 14%, which is above the market average return, and with the option to diversify the investments. The platform offers necessary options such as secondary market and withdrawal, but there is no buyback guarantee. However, there is a personal guarantee for some loans, and collateral to the payment of loans. There is information about the key team members on their web page, the team is made of professionals with experience in the financial sector. The platform publishes its annual reports with limited information, but not historical loan books. The financial statements for 2020 show that the platform has sufficient current assets to meet its short-term obligation, and it is more debt-financed rather than equity.

Financial Analysis

The platform publishes its financial statements and limited statistics on their webpage. However, LANDE does not publish its historical loan books, which could be useful for investors for risk analysis. Analyzing its financial health, it can be said that Lande had good liquidity as the quick ratio is higher than 2. It means that the platform has sufficient current assets to meet its short-term obligations in 2020. The financial figures show that LANDE is more debt-financed rather than equity. The return on assets was low in 2020, less than 1. That means the platform needs to use its assets more efficiently. Overall, the financial health of LANDE looks promising to be good and improved in the coming year.

Platform’s Score and Uniqueness

LANDE offers a secondary market and withdrawal options, and auto-invest. Those options make investing much easier for investors. The platform does not have a buyback guarantee, however, some projects have personal guarantees and there is collateral for the payment of loans. The investments can be diversified and the promised return is 14%, which is not justified on their web page. The promised return on investment is higher than the market average return.  Investing through LANDE is free of charge.

LANDE Financials

Financial ratios

Debt to equity:
5.08
Quick ratio:
0.74
Return on assets:
0.44
Profit:
50253

Assets

Intangible assets
Fixed assets
Long term investments
Inventories
Receivables
Short term investments
Cash

Liabilities

Equity
Provisions
Long term debt
Short term debt

Revenue