Zopa backer Augmentum Fintech has expressed confidence that the peer-to-peer lender can experience the coronavirus uncertainty.
The platform makes up 9 per cent of the choice finance-focused funding belief’s portfolio and it mentioned in an investor replace that it has traditionally proven little volatility relative to the inventory market
“At Zopa, the speed of return for traders on the platform has traditionally proven little volatility relative to the general public markets,” Augmentum Fintech mentioned.
“Particular person investments are unfold throughout a number of debtors which, along with world class underwriting and powerful tech functionality, is how they’ve been in a position to provide constructive returns for the final 15 years by way of each downturns and upturns.
“Zopa continually screens exterior components for any impression on their clients’ means to repay their loans. In latest months, Zopa has already been by way of two rounds of focused tightening on who they lend to and has responded shortly to the altering state of affairs with additional measures to cut back credit score threat that are anticipated to lead to decrease lending volumes whereas the state of affairs persists.”
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Augmentum Fintech mentioned Zopa’s P2P enterprise has been worthwhile since 2016 and it’s leveraging its robust expertise, know-how and other people to adapt shortly and make any modifications essential to navigate by way of the present state of affairs.
The funding belief mentioned it’s in fixed dialogue with all its holdings.
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