IPO - Plenti Group Limited, page-238

You do realise that Plenti loans are unsecured, have no guarantee & you have no idea who you are lending to?

You say there's no diversification on the other platforms but you have no idea if you are lending to an individual loan or multiple loans on Plenti. You may think you have diversification when you don't. You don't even know if you are lending to an individual or a business.

As for the fund Plenti state that if losses increase to 6.2% the fund won't cover all potential losses (vs 2.1% to date).
Compare that the secured 1st mortgage loans with LVR's of less than 60% where even in the height of the GFC did not suffer any capital losses.
If you are relying on the provision fund to protect your capital you really don't understand the risks involved.

The monthly loans are not monthly loans they are up to 36 mnth loans.
Who in their right mind would lend at around 3.0% on a 3 year unsecured loan?
Especially with the Jobkeeper/Jobseeker clift on the horizon.