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Marketplace lending analytics firm partners with first European platform




By Ryan Weeks on 3rd April 2017


AltFi Data adds French lender Lendix to analytics engine, now covers UK, US and Europe.

 

AltFi Data, an independent analytics firm, has announced a deal with business loans marketplace Lendix. The French online lender now joins UK-based firms Zopa, Funding Circle, RateSetter and MarketInvoice, as well as US-based Prosper Marketplace, in supplying data to the analytics firm.

 

AltFi Data Analytics is powered by loan-by-loan, cash-flow level data. The tool verifies and represents the track records of its member platforms according to a consistent standard, regardless of the type of assets they originate. In this way, it allows for like-for-like comparison and analysis of marketplace lending platforms to be performed by investors.

 

The firm announced the on-boarding of Prosper in early March, thereby expanding its coverage into the US. Lendix becomes the first platform from continental Europe to join the Analytics tool.

 

The business lending platform is one of the most active marketplaces in France, with over €65m lent to date. It branched out into Spain in July 2016 and into Italy at the start of this year. The company has raised a little over €27m via three equity investment rounds.

 

Lendix says that it believes the availability of standardised data will drive adoption of online lending as an asset class, and that effective disclosure is an important means of aligning interests between investors and originators.


 
“We want to be held accountable for the quality of our origination,” said Olivier Goy, founder and CEO of Lendix. “This kind of disclosure can facilitate the due diligence process. But equally importantly it reminds the lenders on our platform that their economic destiny is intertwined with our own. This combination will further increase the attraction of the assets we originate in all our countries of operation to investors.”

 

Investors that are interested in buying loans from Lendix may now review its historical 12 month trailing net return, and compare that performance against an industry benchmark. This comparison is demonstrated in the image below.

 

 

AltFi Data Analytics also covers the following metrics (which are now available for Lendix): gross origination, net lending, change in outstanding principal, lending rates, bad debt rates, recovery rates and net loss rates, arrears, term and loss coverage ratios. 

 

Comments

tkint

07 Apr 2017 02:37pm

"The business lending platform is one of the most active marketplaces in France, with over €65m lent to date." That is right but however this platform does not work as the other one works! At least 51% of the loans are supported by professional investors and not by individuals! So If you need to compare the volume lended on Lendix yous sould cut at least by 2 the volume to compare to usal crowd lending plateforms!


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