TFGcrowd Quick Platform Review
Last Update (01.01.2020)
WARNING: HIGH RISK & SPECULATIVE INVESTMENT!
I added TFGcrowd to my portfolio in September 2019. My initial impressions are positive. It is a P2P platform with high-interest rates and a catch associated with buyback guarantees that I will share below.
TFGcrowd is a P2P platform where I still have mixed feelings. Exactly as Crowdestor, TFGcrowd will not assume a relevant place for now on my portfolio, since it does not offer a buyback guarantee. TFGcrowd just has available a provision fund that is far from covering any project individually. Right now the value of the buyback fund is €104,000.00 (a ridiculous amount is you want more save investments).
TFGcrowd announced during November their Buyback Guarantee EXTRA. How that works?
- This buyback guarantee is provided directly from TFGcrowd funds (not the Buyback Funds or the Loan Originator’s funds);
- In case any of the borrowers of the projects currently open for investments on our platform defaults by 31st December 2020, TFGcrowd will secure repayment of the nominal value of the outstanding loan plus accrued interest income from their own funds. All investors will be compensated proportionately to their investments in a particular project;
- It is deemed that a borrower has defaulted if the repayment of the particular loan is delayed by more than 60 days.
The projects are interesting, based in the UK, that currently are facing some problems among their P2P lending platforms, but these particular projects look well structured and with good business rational. The interest rate is also relevant for the comparison and TFGcrowd does not come bad as well in that particular metric.
TFGcrowd clearly needs to improve some of the platform capabilities to provide visibility over repayment to investors. I’m curious to learn how the platform will evolve in the future.
TFGcrowd Account Update
Investment Start Date: September 2019
Total Deposits: 1.829,46€ (Dec 2019)
Asset Value: 1.901,59€ (Dec 2019)
Creating a TFGcrowd investor account only took a few minutes. Registration is straightforward and the platform is very easy to navigate. Since the number of investors is still growing there is no need to keep money drag. The projects are kept open for a significant period of time, but you receive interest since the moment you invest.
|Analysis Topic||Personal Take|
|Real Estate | Business|
|No. Buyback fund available. Temporary platform buyback is available.|
|Not available yet|
|Yes, you choose|
|3 months to 2 years|
|No bonus for new investors, but you can create your TFGcrowd account using my referral link and support the blog this way. Thank you!|
I don’t believe to be far to compare TFGcrowd with other P2P platforms that state full buyback guarantees, such as Wisefund, Envestio, or Monethera. But we should compare it with Crowdestor. It is great to see interesting projects, with good descriptions. I would like to have additional financial details to truly assess and estimate the risk and make a more informed decision to invest.
My TFGcrowd Account
TFGcrowd Income Graph
TFGcrowd Asset Value Graph
Do you want to Invest?
Check among the P2P crowdlending opportunities available on Savings4Freedom, always taking into consideration that all information is entirely based on my personal experience.Image