Jānis Timma CEO at CROWDESTOR Latvia 352 connections. As discussed above many businesses that were crowdfunded on the CROWDESTOR platform were affected by the consequences of the Covid-19 crisis. Our main concerns so far have been around insufficient disclosures to analyse the risk, a lending policy that seems overly broad, and a concern over whether investors were underestimating risks involved. Reduce the risk by investing across multiple P2P investment platforms @ https://www.welltrado.com/login/ Besides that, we perform our own analysis to check if we agree with the numbers. Registered in Tallinn, Estonia, but based in Riga, Latvia, Crowdestor is a relatively new online P2P crowdlending platform that offers investors the chance to invest in real estate and other business projects. On invitation of Crowdestor* I travelled to Riga and met the founders of Crowdestor Janis Timma and Gunars Udris. We will focus on standardizing processes, so investors understand what and we do, how we communicate. Our Financial Analyst came to CROWDESTOR after working for over two years at Deloitte in the Financial advisory division. ... Janis Timma Owner at Robomodex Solutions SIA Latvia. Thank you. This is a big step forward and it will make it easier for investors to analyse the risks on future deals. Does it make any sense for a P2P investor to provide debt finance for a film? Janis, Artur thanks for answering our questions and giving us your views. Also, we have two employees who worked for many years in debt collection and debt restructuring. While I find the wording about a guaranteed minimum return of 26% per year a bit out of place and hard to believe, Crowdestor did go on to have a tremendously successful equity crowdfunding campaign. Do you have someone on staff who is experienced at workouts and restructurings? Crowdestor was co-founded at the beginning of 2018 by Janis Timma and Gunars Udris. The site is popular with investors looking for high returns, that are interested in choosing from a wide variety of projects. But in majority cases the lawyers, financial and investment analysts can perform their job in the standard manner, as this is our job. Focusing on the stats, do you think that relatively high % of active projects delayed is a reasonable amount in the high yield niche or just a consequence of Covid-19 and will likely go down over time?, also which percentage of those delayed projects do you expect to incur into capital loss in the long term? But what is the equity campaign?An equity campaign is normally used to invest in a startup. We publish below responses to the questions we raised with Janis Timma (CEO) and Arturs Geisari (Head of SME lending). They launched a year ago. In 2021 we will be carefully monitoring the recommendations and laws that emerge from the new regulation and implementing them and eventually getting a license. Crowdestor has also significantly improved the amount of financial information provided about each borrower. To cast light on both sides of the coin. But for years thereafter they were mostly Facebook friends, until they coincidentally discovered that they shared a common passion for P2P lending. This website uses cookies to improve your experience while you navigate through the website. Este sitio usa Akismet para reducir el spam. Tu dirección de correo electrónico no será publicada. It's no secret that many investors are skeptical when it comes to investing on Crowdestor. 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