By Ryan Weeks on Monday 3 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 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.