Current Auto LV, a loan originator on Income Marketplace, is officially exiting the platform. All active loans will be bought back, including the outstanding principal and accrued interest.
Full Buyback
Income reports that the repayment process will be handled automatically and requires no action from investors. Current Auto LV aims to complete the buyback process on 18 September 2026.
Key Terms
- All outstanding principal will be bought back.
- All accrued interest will also be paid.
- Investors do not need to take any action.
- Payments will be processed automatically.
- Current Auto LV aims to complete the buyback on 18 September 2026.
- Current Auto LT remains an active loan originator on Income.
Key Details
| Item | Information |
|---|---|
| Loan Originator | Current Auto LV |
| Platform | Income Marketplace |
| Reason for Exit | Focus on business development in Lithuania |
| Loan Status | Buyback |
| Repayment | Outstanding principal and accrued interest |
| Action Required from Investors | None |
| Target Completion Date | 18 September 2026 |
| Current Auto LT | Remains on the platform |
What Does This Mean for Investors?
Current Auto LV will buy back all of its outstanding obligations to investors. According to Income, the repayment includes both the remaining principal and accrued interest on the loans.
Investors do not need to sell their positions or take any other action. The funds will be added automatically to the investors' available balance on Income after the repayment process is completed.
The exit is presented as a strategic decision related to a greater focus on the Lithuanian market, rather than as a result of problems with the loan portfolio.
Current Auto LV Results on Income
Current Auto LV has been part of Income Marketplace since January 2024. The company offers investments linked to car rentals, with yields of up to 10% per year.
Since the start of the partnership:
- Investors have funded loans worth a total of €3,573,634.
- The interest earned from Current Auto LV loans amounts to €190,092.35.
- According to Income, the active portfolio remains healthy, with most outstanding obligations either current or already resolved through buyback.
Current Auto LT Remains on Income
Current Auto LT remains an active loan originator on the platform. Income states that the change reflects the group's strategic decision to focus its resources on the market with the strongest growth potential.
Investors will continue to have access to Current Auto's investment opportunities in Lithuania, while Current Auto LV concludes its presence on Income.
Investor Impact
Expected Recovery of Funds: ↑
All active positions in Current Auto LV are in the process of being bought back. The objective is full repayment of the principal and accrued interest.
Liquidity: Temporary Improvement
Once the process is completed, the funds will be available in investors' balances and can be withdrawn or reinvested.
Execution Risk: Remains Until Completion
The buyback status is a positive development, but successful completion depends on Current Auto LV's ability to make the promised payments on time.
Important: P2P investments are not bank deposits and carry a risk of partial or total loss of invested funds. A buyback commitment is not a state guarantee.
Impact on P2P Investitor Score
The news itself does not provide grounds for a negative change in the assessment of Income or Current Auto LT. The exit of Current Auto LV is presented as a strategic decision rather than a result of a deteriorating loan portfolio.
The key factor will be the successful completion of the buyback process in full. This would demonstrate an orderly handling of a loan originator's exit from the platform.
This material is for informational purposes only and does not constitute investment advice.