Goldman Sachs developed and launched a digital only consumer loan product, Marcus, which lent US$1b within the 12 months in the US. https://www.marcus.com/us/en
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Goldman Sachs developed and launched a digital only consumer loan product, Marcus, which lent US$1b within the 12 months in the US. https://www.marcus.com/us/en
Haven't been in long enough to know if it's seasonal but like you I'm struggling to lend much. Autolend was missing loans that fit my criteria so I asked Harmoney why, and was told that it was to do with the 20% cap on autolend and the ratio of funds available vs outstanding principal (used by Harmoney to select priority [higher ratio gets priority]). My ratio is nearly 10% which is high I believe, so this tends to suggest that most lenders are in the same boat. I also note that some loans are taken down well before they reach 100% which I suspect indicates Harmoney/Heartland etc. are grabbing them.
Autolend statistics show that we're going through a very low phase (refer attached screenshot). The question is why?
Attachment 9701
The autolend stats have plummeted forum user "joker" screenshot for Harmoneys data proves this too.
Combine this with the fact its hard to invest with LC it seems the p2p platforms dont want our money anymore. Our money was good enough during both companies growth phase but now they are established it feels the are pushing private public investor out in favour of the big boys.
Only 98 loans were filled on the market place last week ($2.3 million).
This contrasts with an average of 209 loans per week since 24th December '17 (and $5.3 million). Getting very difficult to get money away in Harmoney at the moment- Hopefully things pick up....
Hi Joker,
On the Marketplace Statistics page, the very first graph on the page, "Volume Over Time". If you hover your cursor on the graph, a pop-up displays showing the date, Loan Volume ($), and Loan Volume (N). It's a moving total, so I just minus the 'previous week', from 'current week' to calculate. It updates weekly, the most recent update being 27 May 2018. The table I posted in this thread (#3300, on page 220) I got those numbers just moving my cursor over the graph and writing the numbers into an excel spread sheet.
If you'd like an easy way to do it... the API provides a json file of all the values here: https://app.harmoney.com/api/v1/publ...lume-over-time
Using your favourite json to csv converter gives you a csv you can paste into excel: https://json-csv.com/?u=https://app....lume-over-time
Interesting Alundra. Heres a comparison of weekly loans for this week in 2017 and 2018
2017
$4,009,175 leant
258 loans
2018
$1,092,400 leant
41 loans
For one reason or another, significantly less loans hitting the market. And doesn't appear to be seasonality.
Maybe its other players sucking up the inventory of borrowers. Maybe that dancing hippo advert is just too cute, there are a few other ads as well, maybe the loan rates are not as cheap as some as the other offerings. I havnt seen an advert from harmoney for awhile now.
Has anyone actually called them and asked?