{"id":8496,"date":"2024-10-18T08:00:00","date_gmt":"2024-10-18T07:00:00","guid":{"rendered":"https:\/\/getincome.com\/blog\/?p=8496"},"modified":"2024-10-18T08:07:18","modified_gmt":"2024-10-18T07:07:18","slug":"income-insights-episode-10","status":"publish","type":"post","link":"https:\/\/getincome.com\/blog\/income-insights-episode-10\/","title":{"rendered":"Income Insights Episode 10"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8496\" class=\"elementor elementor-8496\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b087656 e-flex e-con-boxed e-con e-child\" data-id=\"b087656\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5331ec0 e-grid e-con-boxed e-con e-child\" data-id=\"5331ec0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b54b4f elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"9b54b4f\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<a class=\"elementor-icon\" href=\"https:\/\/youtube.com\/playlist?list=PLT1BSpY1iacQpf15shidqJqs2Ikkzorqh&#038;si=of_ElTWqoTomYw2p\" target=\"_blank\" rel=\"noopener\">\n\t\t\t<i aria-hidden=\"true\" class=\"fab fa-youtube\"><\/i>\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-999366a elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"999366a\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<a class=\"elementor-icon\" href=\"https:\/\/open.spotify.com\/show\/2S6ijCBxBl4DI7geLKkOEt\" target=\"_blank\" rel=\"noopener\">\n\t\t\t<i aria-hidden=\"true\" class=\"fab fa-spotify\"><\/i>\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1df52c3 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"1df52c3\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<a class=\"elementor-icon\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/income-insights\/id1715832116\" target=\"_blank\" rel=\"noopener\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-podcast\"><\/i>\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b321c8c e-flex e-con-boxed e-con e-parent\" data-id=\"b321c8c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-04b5ac3 elementor-widget elementor-widget-html\" data-id=\"04b5ac3\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe height=\"200px\" width=\"100%\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https:\/\/player.simplecast.com\/a3fca6c2-1ea1-44fa-9686-50121adba1ec?dark=false\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f0a85a elementor-widget elementor-widget-text-editor\" data-id=\"0f0a85a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In the latest episode of <\/span><i><span style=\"font-weight: 400;\">Income Insights<\/span><\/i><span style=\"font-weight: 400;\">, <\/span><b>Income founder Kimmo Rytk\u00f6nen<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Denny Neidhardt from <a href=\"https:\/\/rethink-p2p.de\/es\/income-marketplace-opiniones\/\" target=\"_blank\" rel=\"noopener\">ReThink P2P<\/a><\/b><span style=\"font-weight: 400;\"> dive into the details of two new lending partners on the platform: <\/span><b>Ibancar<\/b><span style=\"font-weight: 400;\">, a Spanish collateral-based lender, and <\/span><b>Sandfield Capital<\/b><span style=\"font-weight: 400;\">, a UK-based firm specializing in litigation financing. This episode highlights how each lender brings unique strengths to Income\u2019s portfolio, aligning with the platform\u2019s growth strategy and risk management approach.<\/span><\/p>\n<p><b>Operational Updates at Income<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To kick things off, Kimmo shares updates on new lender onboarding. He emphasizes the rigorous due diligence process in selecting Ibancar and Sandfield Capital, underscoring Income\u2019s commitment to offering investors secure and well-vetted lending options. This careful curation reflects Income\u2019s dedication to balancing risk and returns while expanding into niche markets.<\/span><\/p>\n<p><b>Introducing Ibancar: Spanish Collateral-Based Lending<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The first half of the episode focuses on <\/span><b>Ibancar<\/b><span style=\"font-weight: 400;\">, a well-established Spanish lender using vehicles as collateral. This unique approach has helped Ibancar build a solid track record on other platforms like Bonster, and now, as part of Income, they\u2019re offering loans with maturities of around 13 months and a low non-performing loan (NPL) rate.<\/span><\/p>\n<ul>\n<li><b>Strong Performance History<\/b><span style=\"font-weight: 400;\">: Ibancar has been profitable for years, with a portfolio supported by car-collateralized loans that reduce risk exposure.<\/span><\/li>\n<li><b>Growth Plans<\/b><span style=\"font-weight: 400;\">: While currently focused on the Spanish market, Ibancar has plans to expand into South America, which could further diversify their loan book and attract broader investor interest.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kimmo highlights that Ibancar\u2019s low default rates and strong pricing strategies align well with Income\u2019s risk mitigation goals. The junior share set at 11% on Income ensures that investors have a buffer in place, adding an additional layer of security.<\/span><\/p>\n<p><b>Sandfield Capital: Litigation Financing as a New Niche<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Shifting gears, the conversation moves to <\/span><b>Sandfield Capital<\/b><span style=\"font-weight: 400;\">, a UK-based lender focusing on litigation funding. Sandfield offers loans to pre-vetted law firms, helping cover legal costs for cases with high success rates. This business model is particularly appealing as it involves insurance that covers losses if a case is lost, significantly reducing the risk for investors.<\/span><\/p>\n<ul>\n<li><b>Unique Model with Risk Mitigation<\/b><span style=\"font-weight: 400;\">: Sandfield Capital\u2019s loans are insured, and their vetted law firm partners carefully screen cases. This multi-layered vetting process helps ensure repayment with a structure that minimizes the likelihood of non-performing loans.<\/span><\/li>\n<li><b>Competitive Terms<\/b><span style=\"font-weight: 400;\">: Sandfield Capital offers an interest rate of 13.5% on Income, providing investors attractive returns within a highly structured, lower-risk environment.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Kimmo explains that Sandfield\u2019s business structure, which includes a ring-fenced Special Purpose Vehicle (SPV) for assigned loans, adds another layer of protection for investors. With initial funding goals of around \u20ac1-2 million, Sandfield is poised to grow within Income, presenting a unique opportunity for investors interested in alternative finance.<\/span><\/p>\n<p><b>Future Prospects and Platform Growth<\/b><\/p>\n<p><span style=\"font-weight: 400;\">As the episode wraps up, Kimmo and Denny discuss Income\u2019s pipeline for 2024. While no new lenders are expected to on board this year, the focus remains on scaling existing partnerships and maintaining a balance of supply and demand on the platform. Kimmo encourages investors to explore auto-invest options as Income prioritises investor protection and diversified offerings.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Episode 11 of Income Insights<\/span><\/i><span style=\"font-weight: 400;\"> will be a Q&amp;A episode, during which Kimmo and Denny will once again answer your questions. You can submit your questions here: <\/span><strong><a href=\"https:\/\/app.sli.do\/event\/pJnfVnK2HabxgWYrtajqqp\" target=\"_blank\" rel=\"noopener\">https:\/\/app.sli.do\/event\/pJnfVnK2HabxgWYrtajqqp<\/a><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-771b382 e-flex e-con-boxed e-con e-parent\" data-id=\"771b382\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d8fff99 elementor-widget elementor-widget-video\" data-id=\"d8fff99\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/ZAbBrej-miI&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b2e0b6b e-flex e-con-boxed e-con e-parent\" data-id=\"b2e0b6b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0a0ee9a elementor-widget elementor-widget-heading\" data-id=\"0a0ee9a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Learn more about the Podcast<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2306793 e-flex e-con-boxed e-con e-child\" data-id=\"2306793\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a8ca4d0 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"a8ca4d0\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/getincome.com\/blog\/podcast\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In the latest episode of Income Insights, Income founder Kimmo Rytk\u00f6nen and Denny Neidhardt from ReThink P2P dive into the details of two new lending partners on the platform: Ibancar, a Spanish collateral-based lender, and Sandfield Capital, a UK-based firm specializing in litigation financing. This episode highlights how each lender brings unique strengths to Income\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"_links":{"self":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8496"}],"collection":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/comments?post=8496"}],"version-history":[{"count":8,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8496\/revisions"}],"predecessor-version":[{"id":8521,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8496\/revisions\/8521"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media\/8497"}],"wp:attachment":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media?parent=8496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/categories?post=8496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/tags?post=8496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}