Despite the unpredictable weather, hopefully you've had a good summer. We have an exciting autumn ahead of us, and we hope you share our enthusiasm!
In this monthly email, you can read the following:
- Release of the Q2 Report
- Jonas Ahlberg at the Erik Penser Bank's Theme Day
- Return per strategy
- Have you already activated monthly savings?
Release of the Q2 Report
On August 15, we released our interim report for Q2. We continue towards profitability and deliver positive operating cash flow for the second quarter in a row. The capital on the platform increased by a whopping 96% YoY through the Lendify acquisition! Growth had to take a back seat temporarily for the long-term. Ensuring a good and stable product for those of you who save with us is always the highest priority. You will find the report here.
Are you aware that you can reach different levels in our bonus program by owning SaveLend shares?
Jonas Ahlberg at the Erik Penser Bank's Theme Day
On August 31, our CFO Jonas Ahlberg held a company presentation with a subsequent Q&A session at Erik Penser Bank's Theme Day – SaaS & IT. He responded questions about the past quarter and future developments. Watche here!
Return per strategy
The savings strategies have now been active for just over three months and we finally have some statistics to share about the current average return per strategy! Graphs of the total average return for Balanced and Yield during June, July and August are presented below. We will show returns month by month until we reach one year since we've launched our strategies. After that, as before, we will communicate the average return per last 12 months. As the savings strategies are new, the graphs below only include one quarter of a year and we can state that both strategies deliver within the communicated target return of 4–7% for Balanced and 6–10% for Yield.
The Balanced savings strategy has delivered an average return of 1.92% in the first three months, and Yield has delivered an average return of 2.45% during the same period. As the strategies are still very new, we have limited data to base it on, but both strategies have started in line with expectations and their respective target returns for the full year.
Have you already activated monthly savings?
Few things are as beneficial as long-term thinking and consistency when it comes to saving. Monthly savings functionality for SEK-depots at SaveLend is a fantastic option to increase your savings, where your money is invested and earns interest on interest.
Previous monthly email
Did you miss the email in July? There you could read about:
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- Approval from the Danish Financial Supervisory Authority
- Migration of Lunar investors
- Increased interest on SBL Finans Consumer loans 80%
- New features and improvements
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Read last month's email on our blog.