Squirrel Money P2P

[JB@Squirrel]

Not a dumb question. Yes - as it is a personal loan you'll get P&I back each month on your investment. With a $500 investment it will be roughly $10 per month. Initially that will be mostly interest.

You're right that with a minimum bid in our platform of $500 you cannot reinvest small returns and that will lower your effective interest rate. You'd need to be regularly investing $500 into the platform to maximise your return or have a larger amount invested.

[JB@Squirrel]

Woop woop. Heard it here first.

We've had our SECONDARY MARKET approved and will hopefully have it live later this month as it's already built. The Secondary Market will allow investors to sell their loans back to the platform at face value provided we have an investor on the platform who is happy with the rate and remaining term.

[Kelvin]

Not a dumb question. Yes - as it is a personal loan you'll get P&I back each month on your investment. With a $500 investment it will be roughly $10 per month. Initially that will be mostly interest.

You're right that with a minimum bid in our platform of $500 you cannot reinvest small returns and that will lower your effective interest rate. You'd need to be regularly investing $500 into the platform to maximise your return or have a larger amount invested.

Thanks JB. Any news on earning interest on the call account? This will somewhat help with my reinvestment problem.

And congrats on the secondary market approval!

[unhuman]

Woop woop. Heard it here first.

We've had our SECONDARY MARKET approved and will hopefully have it live later this month as it's already built. The Secondary Market will allow investors to sell their loans back to the platform at face value provided we have an investor on the platform who is happy with the rate and remaining term.

Thats awesome!

[Knot]

Woop woop. Heard it here first.

We've had our SECONDARY MARKET approved and will hopefully have it live later this month as it's already built. The Secondary Market will allow investors to sell their loans back to the platform at face value provided we have an investor on the platform who is happy with the rate and remaining term.

That is good news, I might have to see if I can jump through enough hoops to finally get my account fully active.

[Snow Leopard]

I have an email from Snowball effect that Squirrel Group is looking for $5m in expansion capital:

"The capital will be used to grow the mortgage broking business and develop the peer to peer lending business. This is likely to be the last capital that Squirrel raises prior to an anticipated listing"

Best Wishes
Paper Tiger

[RGR367]

I have an email from Snowball effect that Squirrel Group is looking for $5m in expansion capital:

"The capital will be used to grow the mortgage broking business and develop the peer to peer lending business. This is likely to be the last capital that Squirrel raises prior to an anticipated listing"

Yup. They already have the Investor presentation last Tuesday. Those who missed it and interested can watch a video here https://www.youtube.com/watch?v=yc-e...ature=youtu.be The document though for interested investor is still being readied.

[777]

Well if Harmoney was to do the same now , which one would you put your money on? Track record and the like.

[Snow Leopard]

Well if Harmoney was to do the same now , which one would you put your money on? Track record and the like.

We have a real world situation here and you you go off to la-la-land ?

When the docs come out I will give them serious look.

Thanks RGR367 for the useful post

Best Wishes
Paper Tiger

*The Walrus and The Carpenter

[unhuman]

Not really comparable as the majority of Squirrels valuation is on the mortgage business.