Weekly Update: 2020 week 4

weekly updates
From the start of my journey, my goal has been to spread my investments across as many platforms as possible and across as many sectors as possible (p2p, p2b and real-estate in different categories). This approach has advantages and disadvantages. The advantage is that when a platform falls over, the loss remains reasonably limited. The disadvantage as encountered this month is that the chance that a platform topples in which I have invested will fall, although I did not include the chance that two platforms topple over in a very short time.
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Envestio Update: 404 4ever

envestio
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.
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Envestio Update: 404 Web Site not found

404
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.
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Wisefund E-mail: Statement from Wisefund

platform e-mail
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.
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