We’re reaching out with important updates about recent changes and new opportunities on the Esketit platform. 

First, we’re saying goodbye to one of our long-standing partners – AvaFin. They’ve made the decision to exit P2P funding sources, Esketit inclusive, and will begin repurchasing all of their listed loans. The process will start with Czech loans in the coming days, followed by Spanish loans in the weeks ahead. We have already received pre-payment for Czech loans, so all obligations are covered, and there is no risk for our users in any sense from this.  

Avafin comment: 

Following the takeover of AvaFin by Capitec Bank in April 2024, Capitec will provide debt funding to its subsidiary AvaFin from May 2025 to further accelerate its growth. This is another step in the integration of AvaFin into Capitec Bank, South Africa’s largest bank by both customer size as well as market capitalization. The Avafin Management appreciates Capitec’s continuous trust in Avafin’s growth story. 

As a consequence, Avafin intends to early repay and close its position with its P2P funding sources. The AvaFin Management wants to express its gratitude towards Esketit for the long-lasting mutually beneficial cooperation. We are happy to have been part of the successful journey of Esketit and wish the Esketit team all the best! 

Now for the good news – this week, Spanda Capital (owned by Esketit founders) is kicking off their largest loan offering to date. They’ll be listing around €7 million in loan supply over the coming weeks, as they have just acquired loan portfolios with very good potential. Spanda is getting traction broadly with banks and financial institutions on NPL management. 

To learn more about Spanda Capital, visit it’s Loan Originator’s page (make sure you’re logged in to view full details) 

Take a look and consider this strong performer for your portfolio.