MyTripleA is a Spanish peer-to-peer lending platform that facilitates loans primarily to small and medium-sized enterprises (SMEs). The platform's main selling point is offering a variety of loan products, including those with guaranteed returns backed by SGRs and non-guaranteed loans with potentially higher returns. MyTripleA aims to provide a secure investment environment with regular payouts, making it a viable alternative to traditional banking investments. The absence of a secondary market means investors must commit to the full term of their investments. The platform is regulated by Spanish authorities, ensuring compliance with financial regulations.
Licence/regulation: MytripleA licensed under European Crowdfunding Service Providers (ECSP) regulation
MyTripleA offers peer-to-peer loans primarily to SMEs in Spain. The loans can be either guaranteed or non-guaranteed. Guaranteed loans involve backing by SGRs, reducing risk for investors. Non-guaranteed loans offer potentially higher returns but with increased risk. The platform caters to both retail and professional investors, providing investment opportunities in a range of industries from manufacturing to services
MyTripleA connects investors with Spanish SMEs seeking financing through an online platform. Investors can start with a minimum investment of €50. The platform offers both guaranteed loans, which provide safety via guarantees from SGRs, and non-guaranteed loans that are riskier but offer higher returns. MyTripleA does not segregate investor funds from its operational funds, which can pose a risk if the platform faces financial issues. Investors can use an auto-invest feature to automatically allocate funds according to predefined criteria
The main risks for investors on MyTripleA include the potential for loan defaults, especially in non-guaranteed loans, and insufficient collateral in case of defaults. For guaranteed loans, the risk is mitigated by SGRs, which cover losses up to a certain extent. However, guaranteed loans typically offer lower returns. Non-guaranteed loans can have higher returns but come with the risk of borrowers defaulting without compensation from SGRs. The platform's lack of a secondary market also means liquidity risk is present, as investors cannot exit investments prematurely
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