Income marketplace, a newly founded Estonian P2P lending platform was established in 2020/07/21. To date, more than € 1’000’000 has been invested through the Income marketplace. It is clearly seen from the total investment amount that the platform is in its early stages, therefore right now it may be projected for extensive growth. If we compare Income marketplace’s investment amount with Iuvo Group that has € 177’243’979 that was founded in 2016, it can be analyzed that the age of the platform has a direct relationship with the investment amount.
Income is the first platform to offer simple and secured investments in loans. You can start effortlessly with quick investment strategies and grow your money up to 15% yearly, investing in assets secured by the loan originators' listed loan portfolio. Income offers buyback obligation and "Cashflow Buffer" to protect investors in case all the risks identified materialize. Currently, Income is listing loans from 7 different loan originators and has over 100 in the pipeline. The first fiscal year for Income ended in 2021, and they have not published any financial statements yet. Income's auditor is PWC Estonia, and the audited financial statements are projected to be published by the end of Q4 2022.
The platform’s team consists of professionals who have achieved academic backgrounds related to the industry such as Finance, Law and Risk Management. The Founder and Co-Founders of Income marketplace are coming from a rich practical experience and academic background in the financial industry, especially consumer lending. Kimmo the Founder and CEO of Income marketplace is also Co-Founder of Tunaiku, the lending arm of Amar Bank in Indonesia, which might be translated into conflict of interest. It is also mentioned on their webpage that Kimmo “combines his experience in P2P investments and loan origination to build Income as a safer and more transparent platform for P2P investments.” There is a loan originator in the Income marketplace that is Indonesian. Furthermore creating a bit of concern regarding the conflict of interest. It is worth mentioning that Income marketplace has a Supervisory Board, which can be considered as a valuable asset to the platform’s team and experience.