---
title: Investly first quarter review
description: Q1 2016 Investly statistics - loan and invoice discounting volumes.
image: https://www.investly.co/hubfs/Imported_Blog_Media/Investly-invoice-volume-300x254-1.png
---

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# Investly first quarter review

[Kristjan Velbri](https://www.investly.co/blog/author/kristjan-velbri)

[![](https://www.investly.co/hs-fs/hubfs/Imported_Blog_Media/Investly-invoice-volume-300x254-1.png?width=300&height=254&name=Investly-invoice-volume-300x254-1.png)](https://www.investly.co/hubfs/Imported_Blog_Media/Investly-invoice-volume-1.png)The quarter has come to an end and it's time to have a look at the data. The first quarter was quite busy as we started offering [invoice discounting](https://investly.co/2015/11/10/why-use-the-investly-invoice-discounting-service-4/) not just in Estonia, but in the [United Kingdom](https://investly.co/2016/01/22/investly-is-launching-in-the-uk-and-will-sell-your-first-invoice-for-free/) as well. Invoice discounting is doing great in Estonia, both local and [international investors](https://investly.co/2016/02/29/investor-interview-with-eduardo-araujo/) have quickly adapted to this new investment vehicle. During the first three months, investors financed a total of €60,232 of invoices. In the UK, the first invoices were financed in March, the total volume was £7,853. Business loans, which are only available on the Estonian market, reached a volume of €63,116. All in all, investors supported Estonian small and medium enterprises with €123,348 of capital.

### Invoice discounting (Estonia)

- total volume: €60,232
- average annual yield\*: 11.79%
- average duration\*: 24 days
- average yield per 30 days: 0.97% (11.79%\*30/365)
- repaid: 6 (out of 12 sold)
- default rate: 0%

### Invoice discounting (United Kingdom)

- total volume: £7,853
- average annual yield\*: 15%
- average duration\*: 41 days
- average yield per 30 days: 1.23% (15%\*30/365)
- repaid: 0 (out of 2 sold)
- default rate: too early to tell, due dates are in April

### Business loans (Estonia)[![](https://www.investly.co/hs-fs/hubfs/Imported_Blog_Media/Investly-business-loans1-300x300-1.png?width=300&height=300&name=Investly-business-loans1-300x300-1.png)](https://www.investly.co/hubfs/Imported_Blog_Media/Investly-business-loans1-1.png)

- total volume: €181,672
- volume in Q1: €63,116
- average annual yield\*: 17.18%
- average duration\*: 25 months
- default rate: 1.91%

\*Average yields and durations are weighted and net of defaults.

[**Previous**](https://www.investly.co/blog/investor-interview-eduardo-araujo)

[**Next**](https://www.investly.co/blog/how-invoice-finance-helped-business-with-seasonality)

### Want to learn more?

- [How does invoice finance work?](https://www.investly.co/help/invoice-financing)
- [Who should use invoice financing?](https://www.investly.co/help/who-should-use-invoice-financing)
- [How do I get started?](https://www.investly.co/help/application-process)

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