European platform Fagura launches new secondary market

European lending market Fagura has launched a brand new model of its secondary market that permits fractional investing and gross sales of quantities higher than €100 (£85).

Learn extra: The seven largest P2P platforms in mainland Europe

Fagura used the instance of a €700 mortgage, saying that if it listed it on the secondary market different traders wouldn’t have the chance to purchase it because it exceeds the restrict of €100 publicity per mortgage. So the platform developed a brand new performance that permits fractional investing.

Loans can now be divided into fractions of €25 or €50, to allow a faster sale.

Learn extra: European P2P market demonstrates progress in 2023

The Moldova-based agency mentioned that traders could have the chance to purchase loans from Fagura’s personal portfolio on the secondary market within the coming days. Fagura co-funds loans that aren’t totally funded by traders and lists these on the secondary market at a later stage.

Fagura additionally revealed plans for extra updates to its secondary market, enabling traders to promote or purchase loans at a reduction.

Learn extra: Fintech provides alternatives regardless of macro headwinds, says Augmentum

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