New bank account details for Envestio

Today, Envestio announced new funding details for transferring funds to your investor account. Don’t forget to update your money transfer orders. All payments made to the old Envestio bank account will be rejected after April 3rd and sent back to your account. You should have gotten the updated bank details by email and you’ll also get them in a popup when you log into Envestio.

Some thoughts on Bondora

Investing on Bondora pretty much shows me what happens behind the scenes on platforms like Mintos: loans do fail and not in small numbers. On Mintos, these failed loans are hidden by the buyback guarantee that most loan originators offer but of course I do pay for this by receiving lower interest rates compared to Bondora. Nonetheless, I think that from a psychological perspective, investing on platforms like Mintos is much more pleasing as you don’t have to deal with losses (unless of course, a loan originator fails like in the case of Eurocent back in 2017).

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Envestio: Outlook 2019

Quo vadis Envestio?

The number of unique investment projects on Envestio is a bit limited and at the same time there are more and more registered investors. This results in projects being fully funded within a short time and many investors might miss out. So, I asked Envestio what their plan is to expand to more projects and higher investment volumes in 2019.

Here’s what they answered: 

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