Income Marketplace – Platform Introduction
Income Marketplace is an Estonian P2P investment marketplace offering loans from multiple loan originators from different countries (currently offering Finnish, Indonesian and Brazilian lenders). Income Marketplace’s main differentiation from other competitors in the market is to reduce the incentive and opportunity for originators to violate their legal obligations towards P2P investors. Thus, the Income Marketplace team aimed to structure investments in a more professional manner to increase their safety.
The way it works in reality is that Income Marketplace has contracted the loan portfolios in a manner that allows them to quickly take over servicing the loans and redirect the funds paid by the borrowers from the loan originator if the borrower defaults. In order to do this successfully, a back-up servicer must be in place and it must receive a continuous flow of data on each borrower.
As a second safety pillar, Income Marketplace says it has improved the position of investors compared to the usual buyback guarantees seen on other sites. The “Cashflow Buffer” and “Junior Share” are used to do this. In simple terms, lenders have a “skin in the game” (the % of each loan that the lender itself must hold) calculated using Income Marketplace’s methodology. It takes into account the various risks of a particular loan originator.
The important fact is that this “skin in the game” share of the loan originator is subordinated to the money owed to P2P investors, and not on a par. This increases the investors’ chances of repaying their funds if there is any problem, such as a lender default.
The platform is equipped with auto-invest, the secondary market is however absent and the liquidity of the investment is thus limited. It is possible to invest from EUR 10 without the possibility of investing in other currencies. The offered interest rate is from 7% to 12% p.a. All loans are equipped with a buyback guarantee in case of more than 60 days of default.
Income Marketplace – Basic Overview
- Establishment: 2021
- Supported currencies: EUR
- Average interest rate: 7-12%
- Average maturity: 1 day – 2 years
- Minimal investment per participation: 10,- EUR
- Investor fees: X
- Auto Invest: ✔
- Secondary market: X
- Buyback obligation: ✔
- Option to sell participations prematurely: X
- Official website: https://getincome.com/
- Official blog: https://getincome.com/blog/
Income Marketplace – People
Kimmo Rytkönen – CEO & Founder
Kimmo has a long and successful track record as a founder and CEO in fintech companies and is also a co-founder of Tunaiku, the lending arm of Amar Bank in Indonesia. Kimmo combines his experience in P2P investments and loan origination to build Income as a safer and more transparent platform for P2P investments.
Investors rating
Income Marketplace – Experience and Investors Ratings
Reviews, links
Income Marketplace – Reviews and Other Links
Other sources information:
- 09/2021 – Income Marketplace blog – Income Marketplace launches mobile app
- 07/2021 – ExploreP2P –Kimmo Rytkönenem interview
- 04/2021 Income Marketplace blog – How does Junior share exactly work?
Other relevant links:
Did you know?
Income Marketplace – Did you know?
- Income Marketplace organized a so-called “Bug hunt” event – by reporting a bug that Income did not know about yet, the investor could earn a bonus of 50 EUR.
Downloads
Income Marketplace- Downloads
Bonus
Income Marketplace – Bonus
Unfortunately, the Income Marketplace platform does not currently offer a bonus for new investors. Only the recommending party is rewarded.
By registering through the link below, you will support this project.
If you want to learn about active bonus campaigns or just to check if there is no better offer at the moment, write to us and we will be happy to to get back to you.
Income Marketplace – Lending Companies
Income Marketplace – Alternatives
This page was last updated on 08/2021.