Covid-19 measures are slowly easing in most European countries. The good weather, higher temperatures but especially the increased UV values and the Vitamin D that our body produces under these conditions slow down the virus rapid spread.
As of today I am writing off Kuetzal . The website turned 'blank'. The money is gone and their database including all information from the many investors who have trusted Kuetzal in their short life ended up on the street.
After 5 days it is clear that Envestio is no longer. The website is gone as well as the money and investment data from the many investors who have trusted Envestio in the past years, including me. I'm going to write-off Envestio, drink a beer and continue my p2p journey.
We would like to address all our clients, investors, borrowers and other counterparties with the following very important issue. We proudly declare that till present moment Envestio managed to fulfill on time and in good faith all financial obligations to all contractual investors and borrowers, despite the very unfavorable situation in the crowdfunding market, provoked by the uncertainty and potential fail of Kuetzal platform.
Wisefund and our team, we are confident in what we do and how we do it, the history of our work, and we intend to keep it this way and prove our place in the industry. Due to certain circumstances that accrued yesterday within the crowdfunding sector, Wisefund is experiencing a large amount of early-exit requests from many of you. During Kuetzal collapse, there were no significant issues Wisefund experienced except slightly slower pace of funding, but since yesterday when Envestio website is not accessible anymore, there's a hype in early-exit requests which causes certain administrative burden towards us, financial and administrative burden towards our partner, and certainly slows down our daily work.