--- title: Investly's April results - Interest rates continue to grow description: In April, the platform ́s factoring volume in Estonia was 1.13% higher than in February. Compared to April 2019, the volume was 30.15% greater. image: https://www.investly.co/hubfs/Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Investly%20viimase%20pooleteise%20aasta%20tulemused-1.png --- Toggle navigation [![Investly](https://www.investly.co/hubfs/Images/logo.png)](https://www.investly.co/) - [Log in](https://app.investly.co/#/login) - [![Sign up](https://no-cache.hubspot.com/cta/default/2584109/b2aef2eb-f651-4e3e-bd41-67b4cff7c3e6.png)](https://cta-redirect.hubspot.com/cta/redirect/2584109/b2aef2eb-f651-4e3e-bd41-67b4cff7c3e6) - [+372 5387 0877](tel:00372%205387%200877) - [Finance invoices](https://www.investly.co/) - [Invest](https://www.investly.co/invest/) - [Help](https://www.investly.co/help-investor) - [Blog](https://www.investly.co/blog/) - [Invoice finance (30)](https://www.investly.co/blog/topic/invoice-finance) - [Invoice discounting (20)](https://www.investly.co/blog/topic/invoice-discounting) - [Investor (15)](https://www.investly.co/blog/topic/investor-uk) - [Investly UK news (14)](https://www.investly.co/blog/topic/investly-uk-news) - [Investor (12)](https://www.investly.co/blog/topic/investor) # Investly's April results - Interest rates continue to grow [Lauri Talumäe](https://www.investly.co/blog/author/lauri-talumäe) ![Copy of Copy of Copy of Copy of Copy of Investly viimase pooleteise aasta tulemused-1](https://www.investly.co/hs-fs/hubfs/Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Investly%20viimase%20pooleteise%20aasta%20tulemused-1.png?width=757&name=Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Investly%20viimase%20pooleteise%20aasta%20tulemused-1.png) In April, the platform ́s factoring volume in Estonia was 1.13% higher than in February. **Compared to April 2019, the volume was 30.15% greater.** So even though turbulent times in the economy we managed to grow the volume. The number of financed invoices also grew – compared to March there were 9.3% more Estonian invoices financed.   Interest rates for Investors are growing This is a satisfying start for Q2. In our early year projections, we were estimating a greater growth, but continuing growth (regardless of its size) in the current situation is already a good outcome. The interest rates also made a nice jump. Whilst in March the average yearly interest rate for every invested euro was 10.44%, **in April the average interest rate raised to 12.11%. **Given the circumstances it is not surprising.  It's now possible to predict our last year default rate April also marked the due date for the last invoices financed in 2019. Currently there are nine Estonian invoices financed in 2019 for which the principal debt is still outstanding. Two of those were settled by a judicial compromise which we reached in April and these should be paid within the next 8 months according to the court approved payment schedule. Three invoices are a part of bankruptcy proceedings and are likely to have little possibility of recovery and it will probably take a long time. For the other four invoices, the outstanding principal is 0.007% of the total investments made into Estonian invoices in 2019, and these should be paid in this month. Based on this **the default rate for Estonian invoices financed via the platform in 2019 should drop to 0.198% of the monetary value of the initial investments.** TOP 3 Seller sectors based on the amount of finance | **Construction and civil engineering** | **22.79%** | | --- | --- | | **Mechanical and industrial engineering and machinery** | **20.37%** | | **Wholesale** | **18.64%** | *The share of all other Seller sectors was less than 10% each. * We expect the volumes to continue growing in this quarter as the measures that were taken to stop the pandemic are likely to be loosen. This should have a positive impact on the economy. Also, the period from Spring till Winter is the most active and statistics from the last recession shows that there was a massive growth in Estonian nationwide factoring volumes while exiting the recession.    [**Previous**](https://www.investly.co/blog/q1-results) [**Next**](https://www.investly.co/blog/investly-remato-partners) ### 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) ### Popular Posts ##### Sitemap - [About Us](https://www.investly.co/about/) - [Blog](https://www.investly.co/blog/) - [Terms](https://www.investly.co/v6/%C3%BCldtingimused-en-0#estTermsOfUse) - [Credit Risk](https://www.investly.co/invest/risks/) - [Jobs](https://investly.workable.com/) - [Pricing](https://www.investly.co/pricing/) - [Help](https://www.investly.co/help-investor) - [Privacy](https://www.investly.co/privacy) ##### Social - [![](https://www.investly.co/hubfs/Images/facebook.png)](https://www.facebook.com/investly) - [![](https://www.investly.co/hubfs/Images/twitter.png)](https://twitter.com/investly_co) - [![](https://www.investly.co/hubfs/Images/linked-in.png)](https://www.linkedin.com/company/investly) ##### Locations - [Lai 35, Tallinn 10133](https://goo.gl/maps/qygCosHweHq) - [65 London Wall, London, EC2M 5TU](https://goo.gl/maps/Ez9TBAi5EsA2) ##### Support - [Tel: +372 5387 0877](tel:ET%20+372%20602%207440)[support@investly.co](mailto:support@investly.co)   ![map.png](https://www.investly.co/hs-fs/hubfs/Images/map.png?width=262&name=map.png "map.png") Copyright © Investly 2024. All rights reserved. Investly Technologies OÜ, Lai 35, Tallinn 10133. Registration number 12710066. Investly Ltd, 65 London Wall, London EC2M 5TU. Registration number 08966482. ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/944007588/?guid=ON&script=0) ![](https://dc.ads.linkedin.com/collect/?pid=15495&fmt=gif)