Dear EvenFi investor community,
We share once again our statistics and highlights for the second quarter of 2023. Another challenging quarter in terms of both volume and performance. We wanted to share the below highlights of what we have been doing recently:

• Agreement with CRIF EURISC to get better information of borrowers and be able to mark late payers (and its guarantors)
  
• Agreement with FIDIT to be able to have additional guarantees in more projects
  
• We continue investing time, effort, and money on portfolio recovery
  
• As requested by users, we have included in the stats the number of projects that are late and also the % that those projects represent over total number of projects / loans financed.
  
  Please continue sending all your comments and questions. All feedback help us improve.
  

Few Highlight:

• Total investment in the platform reached €38.3 million since launch (Almost €2.4 million during the first quarter of 2023 vs €2.7m during the second quarter of 2023)
  
• We have already financed more than €26 million in 368 loans supporting more than 240 companies.
  
• Investors have received from companies almost €14.1 million in principal and €1.7 million in interest since April 2020
  
• Tech KPIs: the platform has processed almost 1.6 million payments (+276k in 2Q2023) since launch in 2020 and investors have done +169k subscriptions in the different loans (+16k in 2Q2023)!
  
• Our secondary market, a quite unique tool in the crowdlending sector, traded almost €755k in the second quarter (vs €630k during the first quarter of 2023) and has reached a total volume since launch of more than €11.3 million
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Portfolio Highlight:

• This quarter, the Principal repaid since launch on April 2020 represents almost 55% of total loans originated. 115 projects fully repaid its principal to investors
  
• As many of you continue to notice, there are many loans with problems in our loan portfolio. This is shown by the number of Loans / Projects with problems or late for more than 30 days in our portfolio that is now 75 (increasing from previous quarter in 4Q22), representing an amount of 17.15% of the total loans originated (vs 16.3% in 1Q23).
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Return of the Loan Portfolio:
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<sub>- Projected return based on all monthly flows of portfolio (- investments, + interest + repayments) since launch is estimated to be close to -3.21% (-7.14% if invested in all loans of 2020, -2.79% of 2021, and -4.87% of 2022). This calculation does not include the EURObonuses received by investors.
- These calculations are net of losses due to problematic loans: assume that performing loans will continue paying as scheduled and that late/problematic / recovery loans will pay less than what is owed. Depending on the problem of each project, we assign different losses assumptions for each loan. Please see the notes below the table for more information.
- These statistics are indicative only, do not reflect the return of each investor (depends on each investor's portfolio), and may be subject to unwanted errors. For more accurate portfolio return figures, we suggest investors to make their calculations. All payout information for all projects is public and available to all registered users of the platform.
- Please remember that past performance are no guarantee of future results
- Do you have any comments, feedback, or questions of the stats? Send them Here
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It remains crucial to stress that:

• This is a risky asset class, investment alternative Small companies and Start-ups are more exposed to business cycles,  don't have different business lines, the access to liquidity, and negotiation power to be able to navigate bad economic situations or problems with their business as bigger companies does.
  
• Importance of diversification Please diversify as much as possible! In your total investments and in your investments in our platform. We prepared this blog in case you want to read more: https://web.evenfi.com/blog/qual-e-la-migliore-strategia-per-investire-online