Exclusive offer to invest in a market-leading
Peer-to-Peer lending registered investment trust.
Register your expression of interest to obtain a copy of the Product Disclosure Statement for the MoneySpot Investment Fund.
Peer to peer lending, or P2P for short, is a recent and innovative lending model that brings together lenders (investors) with borrowers outside the traditional credit providers, essentially, cutting out financial intermediaries. P2P lending matches people who have money to invest with people who are looking for a loan, without the stress and hassle of going through a bank or credit union.
Investment highlights:
- Target returns of 10% p.a. for retail investors and 12.5% p.a. for wholesale investors (pre-tax, post fund expenses) in the form of monthly distributions.
- High level of automation resulting in lower running costs of the fund
- Default risk diversified through:
- Large group of borrowers = 17,000+
- Small loan size = $200 – $3,500
- Short loan terms = maximum 90 days
- Money lent to date $41.545M – as at 31/8/2017
- Average loan duration – 42 days (90% paid within 30 days)
- Bad debt rate <5%
- Minimum investment – $1,000 (retail) OR $25,000 (wholesale)
- Investment timeframe – 6 months (retail) OR 12 months (wholesale)
Returns are not guaranteed and you should consider the merits of this investment by reviewing the PDS.
Investment risks:
There are general risks associated with investing, such as the fund may not meet its target return, regulatory risks, fraud and cyber security risk, conflicts of interest and concentration risks. Other specific risks include:
- Default risk with borrowers’ failure or inability to repay their loans.
- Liquidity of the fund is limited, with withdrawals only being available when a withdrawal offer is made by the fund.
Before deciding whether to invest in the fund you should consider the risks of investing located in the PDS.
*PLEASE NOTE In order to invest in the “wholesale” product, you must meet the definition of a wholesale investor as per section 761 of the Corporations Act. In order to do this, you must meet one of the following criteria: Net assets in excess of $2.5M OR Gross income in each of the last two financial years in excess of $250,000. If you do not meet the eligibility criteria above, you are still able to invest in MoneySpot P2P lending however you must invest in the “retail” product.
Spring will not be providing advice on this opportunity to retail investors. For retail investors applications will only be accepted on a ‘No-advice basis’.
Who is MoneySpot?
MoneySpot is at the forefront of new technology in money lending, allowing them to utilise a high degree of automation to reduce fund running costs, translating to higher returns to investors. All transactions happen online, are subject to approval (75% of applicants are rejected) and are only provided to gainfully employed people.
MoneySpot specialises in small sized loans with short repayment windows, diversifying away a large amount of investor risk. In addition, smaller sized loans lead to faster returns. With over 95% of loans fully repaid, MoneySpot have shown a track record of effectively and efficiently assessing borrowers.
