Key Topics Covered:

1. New Lender Partnerships:

• Ibancar:

• Spanish-based lender using car collateral for loans, which reduces risk and supports stable cash flow.

• Established presence on other platforms, now joining Income to expand its reach.

• Focused on the Spanish market with plans for potential future expansion into South America.

• Sandfield Capital:

• UK lender specializing in litigation financing, funding vetted law firms for civil cases.

• Unique model with loans backed by insurance, reducing the impact of non-performing loans.

• Offers a 13.5% interest rate, providing attractive returns in a structured, lower-risk environment.

2. Operational Updates at Income:

• Kimmo highlights the thorough due diligence process for onboarding new lenders to ensure quality and mitigate risks.

• Focus on balancing the platform’s lender portfolio with diversified lending options for investors.

3. Risk Management and Junior Shares:

• Ibancar’s junior share is set at 11%, reflecting a solid loan book with low default rates.

• Sandfield Capital operates with a zero junior share, owing to the security provided by insured loans and a strict vetting process.

• Income’s methodology for junior share determination emphasizes stable cash flows and market-specific risk factors.

4. Growth and Future Plans:

• Income anticipates scaling its partnerships with Ibancar and Sandfield Capital, expecting increased loan volumes over time.

• No new lenders expected for the rest of 2024; focus remains on growing existing partnerships and managing platform supply and demand.

• Continued commitment to investor protection and platform stability as key priorities.

5. Investor Opportunities:

• Encouragement for investors to explore auto-invest options to optimize returns as Income continues expanding its diversified portfolio.

• Kimmo underscores Income’s objective to provide quality, lower-risk investment opportunities aligned with investor demand.

Episode 11 of Income Insights will be a Q&A episode, during which Kimmo and Denny will once again answer your questions. You can submit your questions here: https://app.sli.do/event/pJnfVnK2HabxgWYrtajqqp

Tune in for more engaging discussions in future episodes of Income Insights!

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