Dear EvenFi investor community,
We share once again our statistics and highlights for the fourth quarter of 2022:

• We closed our 2022 funding round. (https://web.evenfi.com/blog/evenfi-successfully-closes-funding-round-in-2022). Thank you very much for your support!
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• Total investment in the platform reached €33 million since launch (Almost €3.8 million during the forth quarter of 2022)
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• We have already financed more than €23 million in over 290 loans supporting almost 210 companies.
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• Tech KPIs: the platform has processed more than 1 million payments (+233k in 4Q2022) and €110 million in volume since launch in 2020 and investors have done +132k subscription in the different loans (+24.9k in 4Q2022)
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• Our secondary market traded €1.3m in the forth quarter and has reached a total volume since launch of more than €10 million
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• We have continued improving the platform so that its easier for our users to invest in the platform and our internal process to be able to deliver better results to investors.
  

Portfolio Highlight:

• Investors have received from companies more than €10 million in principal and 1.3 million in interest since April 2020
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• Principal repaid represents almost 45% of total loans originated. 67 projects fully repaid its principal to investors (almost 23% of projects originated)
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• Unfortunately, as many of you have noticed in your portfolio, the loan portfolio continue suffering from the current context in Europe, the war, and from the energy crisis. This is shown by the number of Companies with problems or late for more than 30 days in our portfolio that is now 37(vs 24% in 3Q22), representing an amount of 14.5% of the total loans originated (vs 12.76% in 3Q22).
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• Return of the loan portfolio (impacted by context):
  

<sup>- Average net return of all loans since April 2020 is estimated to be close to 3.28% (3.57% if invested in all loans of 2020, -0.4% of 2021, and 5.30% of 2022)

- Weighted average net return of all loans of the portfolio since April 2020 is estimated to be close to 2.68% (1.14% of 2020 loans, 0.86% of 2021, and 4.87% of 2022)

- Projected return based on all monthly flows of portfolio (- investments, + interest + repayments) since launch is estimated to be close to 1.66% (-4.80% if invested in all loans of 2020, 0.41% of 2021, and 5.84% of 2022)

- This 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 that what is owed. Depending on the problem of each project we assign different losses assumptions for each loan. Please see notes below the table for more information

- These statistics are indicative only, do not reflect the return of each investor (depends on each the investor's portfolio) and may be subject to unwanted errors. For more accurate portfolio return figures we suggest investors to make their own calculations. All payout information for all projects is public and available to all registered users of the platform
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- 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</sup>

• EvenFi continue dedicating a lot of effort and resources working hard to find negotiated solutions on the late loans or proceed with legal process on all the problematic loans. Unfortunately legal process are long and many times are complex. We understand all the comments and questions received.
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• We have continued raising interest, decreasing maturities, and decreasing amounts, all to accommodate with the context and try to compensate the increase in problematic loans. Average interest rates of originated loans have been increased to +9.2% in 2022 compared with 8.30% in 2021, and average life of loans were on average 9.4 months in 2022 compared with 9month in 3Q 2022 and 14.4 in 2021
  

Once again, its important to highlight and insist on:
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• This is a risky asset class, investment alternative. Small companies and Startups 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.
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• 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