The analytics firm is now helping alternative lenders of many shapes and sizes to highlight their performance.
Crealsa is a technology-enabled firm that allows Spanish businesses to discount promissory notes and invoices dynamically. But unlike MarketInvoice in the UK, Crealsa funds these loans using its own balance sheet.
Crealsa is the first balance sheet lender to join AltFi Data’s analytics tool, where it will sit alongside leading marketplace lenders, such as Zopa and MarketInvoice in the UK, Lendix in Europe and Prosper in the US. The lender’s entire lending history has been analysed and verified according to AltFi Data’s metrics, such that its performance may now be compared on a like-for-like basis with other platforms on the tool.
AltFi Data says that standardised performance data of this kind helps to facilitate due diligence, risk monitoring, risk management and up-to-date valuations of investment portfolios.
The move is also a sign that investors and platforms alike are beginning to acknowledge that peer-to-peer and direct lenders are best identified as part of a broader ‘alternative credit’ asset class, rather than in isolation.
“At Crealsa, we recognise the importance of allowing providers of capital to understand our lending performance,” said José Molina co-CEO and co-founder at Crealsa. “AltFi Data’s established methodologies allow us to demonstrate the performance of our entire historic lending track record to a consistent standard. This kind of disclosure reassures our investor partners that the economic fate of Crealsa is inextricably linked to the performance of the assets that we originate.”
Below is a representation of Crealsa’s 12 month trailing net return, versus AltFi Data’s UK industry benchmark. The company was founded in 2009.
“We are delighted to provide Crealsa with a standardised and verified lending track record. Crealsa is our first partner originating receivables in Continental Europe,” said AltFi Data's CEO Rupert Taylor (pictured). “Originators are realising that a meaningful and credible track record can diversify their access to capital and reduce their cost of funding.”