I’m excited to have fun one other profitable yr with you. Allow us to take a second to replicate on our joint achievements and speak about VIAINVEST’s plans. As we’re about to enter 2024, we’re stronger than ever, with our largest funding portfolio up to now and, extra importantly, our largest ever neighborhood of traders who’ve chosen us as their trusted funding associate. I and my crew want to specific our honest gratitude for this.
This summer time, we celebrated the primary anniversary of our first product launched as a regulated funding platform, Asset-backed securities, which proved to be an enormous success for us. We now have securitized and funded over 105 million EUR of shopper loans issued by VIA SMS Group and its associated firms. We paid our traders 2.4 million EUR in curiosity for investments in securities and our complete portfolio is nearing 30 million EUR. We’re dedicated to offering extra profitable funding alternatives to our purchasers in 2024.
Your loyalty and opinions are necessary to us, and I genuinely recognize the precious suggestions that a lot of you may have supplied. Some of the necessary matters for our long-term traders was the compensation of earlier mortgage product investments, also called cessions, made earlier than August 2nd, 2022. This yr, we had been capable of facilitate the complete compensation of cession investments within the Czech Republic, Romania, Poland, and Sweden. Whereas solely 15% of what was initially invested in Latvia stays, it nonetheless suggests that it’s going to not be absolutely repaid by the tip of this yr. We anticipate that the remaining quantity will probably be repaid steadily over the following 4-6 months, with quicker compensation potential, nevertheless, to remain clear with our traders, this time period must be thought of the probably situation.
One other extremely debated matter was the safety ensures for traders in Asset-backed securities. We designed our funding product with investor safety in thoughts, which is why a mortgage originator settlement features a pledge on the mortgage originator portfolios and property, giving VIAINVEST the authority to regulate them if contractual liabilities will not be met. I’m assured that this construction offers our traders with enough further safety. Moreover, VIAINVEST is a member of the investor safety system.
Because the trade evolves and matures, we at VIAINVEST are dedicated to remaining amongst leaders in adapting to those adjustments. Within the coming yr, we are going to give attention to enhancing the investing expertise on our platform and introducing new funding merchandise. We’ll talk extra in regards to the updates later subsequent yr.
As we flip the web page to a brand new yr, I want you a peaceable vacation season surrounded by family members. I’m wanting ahead to our continued collaboration and a affluent yr forward.
With warmest regards,
Eduards Lapkovskis
Chairman of the Board
VIAINVEST
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