November went by faster than we could blink, filled with exciting milestones and a few challenges. We are excited about a growing community of investors, new strategic marketing campaigns, and the upcoming launch of a new loan originator in Spain. While the total loan volume remains impressive, there was a slight decrease in the volume originated in November compared to October. Therefore, we have started new marketing campaigns which doubled the number of investors. It is a significant achievement that should positively impact the business results in the upcoming months.
Let's take a look at the main business results for November:
- Total loan volume funded since inception – 27 165 366 Eur
- Loan volume originated in November – 3 127 268 Eur
- Number of loans originated in November – 5447
- The average nominal interest rate of loans originated in November – 14,82%
- Number of active investors – 7 601
One of the highlights of November was the final steps to prepare for the launch of a new loan originator in December. This expansion broadens our geographical reach and provides investors with additional opportunities to diversify their portfolios.
However, despite the positive developments, investors face challenges due to technical difficulties during the investment process. The delay in implementing the account statement feature results from our focus on key projects, including system and speed improvements, the launch of the Loan Originator in Spain, and ongoing developments in Poland. We apologise for any inconvenience. We assure you that we are working hard to resolve all concerns. Please contact our support team if you need any account statements or reports: support@hive5.co
Thank you for your loyalty and for being a part of the hive5 community.
