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Updates
24 Oct 2022
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3 minute read

Plenti Lending Platform markets have been reshaped

We've launched some important changes to the way our investment platform works. Keep reading to learn about our new markets and how they may affect your investments.

Looking for info on the Notes Market?

The Plenti Lending Platform was launched in late 2014 and has been a huge success, having recently reached $1 billion in loans funded, over $85m in interest paid to investors, and with every investor receiving every amount of principal and interest due.

With the help of 25,000+ everyday investors, the Plenti Lending Platform has challenged the status quo, given retail investors access to a new asset class, and brought greater efficiency to our financial system. Impressively, the platform has grown to become one of the most successful marketplace lending platforms globally.

Reaching a $1 billion milestone has had us reflect on how we can build on what we have achieved to date, and how we can do more together in the future.

To make the Plenti Lending Platform even more compelling to both existing investors and potential new investors, we've made some changes to simplify and improve the investing experience.

We're pleased to announce our new, reshaped investment markets. The five previous investment markets have beem simplified to three investment markets, being:

  • Flex Market: The 1 Month Rolling market has been renamed the Flex Market. This market will continue to offer an indicative term of 1 month, but will fund loans from 6-24 months in term (a narrower range than the current 6-36 months)
  • Plus Market: The 5 Year Income market has been renamed the Plus Market. This market will fund loans from 3-7 years in term (a wider range than the current 4-5 years)
  • Green Market: The National Clean Energy market has been renamed the Green Market. This market will continue to fund loans for cleaner, greener energy products with loan terms of 3-7 years, and will now also fund loans for electric vehicles, energy efficient heating and cooling, and other products that help reduce carbon emissions.

Alongside these changes, the 3 Year Income market and the South Australia Renewable Energy market are no longer be available for new lending orders.

Why are we making these changes?

We want to ensure our platform is as simple to use as possible for our investors. With three distinct investment options, it's now easier to choose the right options to match the type of investment portfolio you'd like to create. These changes also mean that our retail investors have the opportunity to fund a higher proportion of Plenti's lending. In addition to simplifying investment options, the updates to our markets aim to improve the market depth and liquidity in the Plus Market, helping to ensure that the Early Access feature is more consistently available to investors wishing to exit their investment before the indicative term.*

What does this mean for me?

You can now view and invest in the new markets via your investment portal or the Plenti mobile app.

Any orders that are currently on market will be migrated as follows:

The information contained in this blog is accurate only at the date of publication. Expected losses and the performance of the Plenti Lending Platform loan book cannot be known with certainty and expectations are subject to change. Lender rates may assume your investment is protected by the Provision Fund in the event of any borrower late payment or default, however, there is no guarantee nor warranty as to any protection from the Provision Fund. Fees apply. Capital at risk. See the PDS and SPDS for details.

This information should not be taken as financial product advice and has been prepared as general information only without consideration of an individual’s particular investment objectives, financial circumstances or needs. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) available on our website to decide if this product is right for you. 

All figures stated represent the Plenti Lending Platform (ARSN 169 500 449) only unless stated otherwise.

The availability of the Early Access Transfer Feature is at Plenti's discretion and is subject to the terms and conditions set out in the PDS.

Issued by Plenti RE Limited ABN 57 166 646 635 AFSL 449176. Capital at risk. Past performance is not a reliable indicator of future performance. 

Important information*

This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of Plenti as at the date of publication and may later change without notice.

Acknowledgement of Country

Plenti respects and honours Aboriginal and Torres Strait Islander Elders past, present and future. We acknowledge the stories, traditions and living cultures of Aboriginal and Torres Strait Islander peoples on this land and commit to building a brighter future together.

We recognise the Gadigal people of the Eora Nation, who are the traditional custodians of the land on which Plenti’s Sydney office stands, and the Kaurna people as the traditional owners of the Country where our Adelaide team is located.