Forum Topics PLT PLT Industry/competitors

Pinned straw:

Added a month ago

Not sure about anyone else but I have observed it is taking longer to get my funds matched in Plenti.

Could be macro environment, people feeling stretched during the holiday period or simply more competitive funding options in the lending market?

Fyi: funds got matched today after waiting nearly a month

reddogaustin
Added a month ago

I've also noticed my investor funds being matched more slowly, and I have it set to market rates.

I've also noticed the small amounts (<$100) being paid back on time, with the attached interest, and larger auto-matched loan amounts (>$400) being paid back early, with no attached interest and therefore no income and no point for me as an investor!

Unsure on the reasons. But I'm not putting anymore into Plenti as a means of income generating cash. I'm using LEND.asx. Still private lending, but US based and via an ETF.

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edgescape
Added a month ago

I should mention I only have a small amount on market. Maybe borrowers want me to chip in a bigger amount of funds... :)

Problem for me is I don't know who I'm borrowing to which makes it hard to put money in. Would be good to see a list of borrowers or "debt sellers" and what they want the money for. That will make Plenti a true "FinTech lender".

But instead we are effectively putting our trust on Plenti as the "agent" without knowing the details of the process.

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