Why is there a lack of Envestio’s loans in their marketplace?


Last week I’ve received some questions regarding the recent lack of loan flow in Envestio crowdlending platform. So as I had already interviewed their CEO previously, I decided to drop a message to their accountant team.

This is their answer:

Thank you for contacting us, Miguel.
Proper documentation of the deals (planned new projects) took longer than it was initially planned. It is quite hard to provide exact time
estimations in the summer, as various related counterparties may be busy due to holiday periods (bankers, lawyers, notaries, etc.). We apologize for the inconvenience.
At the moment the legal team is finalizing the arrangements, and we hope to start publishing new projects later this week (or beginning of next week).
You will receive an email notification from us, once a new project is
published. Stay tuned.

Envestio Accounting Team

Any question? Already using Envestio? Do not hesitate in asking your doubts or sharing your personal experience in the comment section below.

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