As a direct result of unforeseen market circumstances prohibiting normal business operations, the GIGPool Administrative Team made the difficult decision to close our Tinlake pool. One asset remains open with a maturity date scheduled for September 24, 2023. At maturity, the asset will be repaid and all remaining liquidity will be available for redemption.
Unfortunately for us, a sad outcome for a promising sector, but the timing simply isn’t right in the current regulatory environment. Over its lifetime the GIGPool on Tinlake financed over $20m in small loans for drivers, influencers, and musicians while generating a reasonable blended return of ~10% for investors.
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