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! Learn more about the Podcast: https://getincome.com/blog/podcast/New to Income? Sign up with a bonus: https://getincome.com/register?ref_code=R5BE1F

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