Posted by Income Marketplace has recently made adjustments to its offering by adding two new loan originators to the platform: Mocasa and Pinjam Yuk. In particular, the growth of the Indonesian loan originator Pinjam Yuk is quite impressive. Just one month after its official launch, the portfolio has already exceeded EUR 2.3 million. This clearly demonstrates how large the gap was that DanaKredi left behind with its short-term and high-yield loans.
The “Pinjam Yuk Effect” brings several advantages at once: Income continues to grow and is moving closer to profitability, investors face no cash drag, and other loan originators are being forced to adjust their interest rates (ITF loans recently increased from 11% to 13%). According to Income, there are currently around EUR 2.2 million in loans still waiting to be funded. The buffet is officially open.