3Q 2022 Highlights & Statistics

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

  • We closed our first CrowdEquity campaign for a total of €632,500 https://www.wearestarting.it/offering/evenfi Thank you very much for your support!

  • Our platform has allowed our almost 20 thousand community members to invest intotal more than €29 million since launch (Almost €3.5 million during the thirdquarter of 2022)

  • As of September 2022, we have already financed more than €20 million in over 240 loans supporting almost 150 companies.

  • Some nice facts: Since launch in 2020, investors have done +107k subscription in thedifferent loans (+21k in 3Q2022) and the platform has processed more than 790k payments (+200k in 3Q2022)! Those are pretty large numbers!

  • Oursecondary market traded €1.6m in the third quarter and has reached a total volume since launch of more than €8.6 million

  • Finally, We have continued improving the platform, the secondary and the marketplace so that its easier for our users to invest in the platform and can sell all types of loans.

In terms of portfolio, its important to highlight the following:

  • Investors have received from companies almost €7.3 million in principal and 1.1 millions in interest since April 2020

  • Principal repaid represents almost 37% of total loans originated! 41 projects fully repaid its principal to investors (almost 20% of projects originated!)

  • Needless to say that, unfortunately, the loan portfolio is suffering from the current context in Italy, 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 24, representing an amount of 12.76% of the total loans originated.

  • This, of course, impacted the return of the loan portfolio:
- Projected net return since April 2020 for investors that participated with the same amount in all our projects is estimated to be close to 3.96% (2.47% if invested in all loans of 2020, 0.31% of 2021, and 5.40% of 2022)

-Projected net return since April 2020 for the full loan portfolio is estimated to be close to 0.73% (-0.99% of 2020 loans, 0.80% of 2021, and 6.98% 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

- 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
  • We understand all the comments and questions received, EvenFi continue working hard to find negotiated solutions on the late loans or proceed with legal process on all the problematic loans.

  • To accommodate with the context, we have also raised the interest rates and decreased the maturities of new loans to try to compensate the increase in problematic loans. Average interest rates of originated loans have been increased to +9% in 2022 compared with 8.30% in 2021, and average life of loans were on average 9.9 months in 2022 compared with 14.4 in 2021.

In terms of portfolio, its important to highlight the following:

  • 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.

  • 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 readmore: https://web.evenfi.com/blog/qual-e-la-migliore-strategia-per-investire-online
EvenFi Stats

(*) Average projected return (net of losses) for loans originated on each year assuming performing loans are repaid as per repayment schedule. Recovery and delayed loans are value at a discounted price based on EvenFi's internal methodology.(Current loans are valued at 100%. Current loans with past problems / remodulated 80-100%. +30 days loans with problems at 60 to 80%. +90 days delayed loans at 30% to 70%. Defaulted / liquidation loans are valued between 0 and 30%. The exact valuation depends on the situation of the Company and if the project has a guarantee but we cant share it because this will jeopardize the recovery efforts of our portfolio)
(**) Loans (and amounts of those loans) originated on each year that have payment delays of more than 90 days or payment delay of more than 30 days and are problematic. If a Company has 2 loans late it counts as one loan for this line.

Raised Capital in the Platform

*The statistics will be updated in a quarterly basis.
This information is updated until September 2022

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.