Income Marketplace was launched in 2020. Since then, it has not only attracted almost 4000 investors. Also, the marketplace grew its offer of consumer loans from nine loan originators in Europe, Asia and Latin America. Interest rates have been raised to an attractive maximum of 15% yield per year. A unique feature of Income Marketplace compared to other P2P platforms is the way the involve loan originators in the investment process: through lending companies taking higher risks in form of "junior shares". What does that mean? When a loan defaults, Income invetors hold the senior share, compared to the loan originators that hold the junior shares. In case of default, senior shares are paid back first before junior shares. This distribution of risk provides more security to the invetors. Other platforms usually only require loan originators to have skin in the game. Other security features are the buyback obligation for loan originators, in case a loan is later than 60 days. Finally, Income takes a part of the loan portfolio of a loan originator as a collateral as "Cashflow Buffer".
The autoinvest feature of Income Marketplace is quite comprehensive, offering a variety of filters for configuration: Maximum portfolio size, loan amount, interest rate, remaining term, loan type, country, loan originator, loan status, exclusion of extendable loans, available amount, inclusion of loans already invested in.
Manual-Invest
Income Marketplace
Available as:
Manual Investing
Instant Cash-Out
Income Marketplace
Not available
Secondary Market
Income Marketplace
Not available
Risk & Security
Buyback Guarantee
Income Marketplace
Not available
Payment Guarantee
Income Marketplace
Not available
Rating System
Income Marketplace
Not available
Due Diligence
Income Marketplace
Available
Skin in the Game
Income Marketplace
Available as:
Junior Share
Collaterals
Income Marketplace
n/a
Maximum Loan To Value (LTV)
Income Marketplace
n/a
Income Marketplace – is it a match?
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