Tag Archives: buyback guarantee

Nibble investment platform overview

By 1 commentPeer-to-Peer Lending, , , , ,

Nibble is a financial platform that connects investors and lenders throughout Europe. The investment guarantee is much safer because the loans are issued by the companies which are part of the IT Smart Finance Group which are

joymoney
RURussia
ESSpain
MXMexico 2020

The Joymoney brand has been working in the field of alternative loans since 2014. The company is based in Russia and operate in Russia and Spain. Mexico’s operation is scheduled for 2020. Joymoney’s mission is to provide their customers with the opportunity to solve their financial difficulties quickly and safely. The company use their own innovative developments, including patented software solutions, big data analysis, scoring model system and risk management solutions.

Nibble offers two type of loans:

  • Short-term loans (PDL):
    • Loan amount – up to € 500;
    • Loan term – up to 30 days;
  • Installment loans: (Installment):
    • Loan amount – up to € 1000;
    • Loan term – up to 90 days;

Nibble is based on the «Peer 2 portfolio» model. Nibble offer investors the opportunity to invest in alternative loans simply and safely. Nibble offers investors a Buyback guarantee even if the loan is past overdue more than 60 days.

Nibble allow investors to create an investment portfolio in a fully automated way. The investor can establish the portfolio parameters and preferences like the minimum and maximum investment amounts, countries to invest, etc.

One of the main Nibble’s features is that it offers investors a return on investment of up to 12%, exceeding the average profitability of the market.

How does Nibble work?

Nibble is a financial platform and a part of IT Smart Finance holding group. The platform allows individuals and legal entities to invest in given loans, issued by companies of the holding, which have a long experience on a loan market.

Nibble structure

Every client who receives a loan passes a multi-level verification system and receives a scoring assessment on the solvency related to their credit history. From the total amount of applications, the level of acceptance for primary clients is 10%, which allows the company to control risks and ensure repayment.

If the loan is on delay, the company that issued the loan guarantees to buy it back on the 61st day (Brands Joymoney RU, Joymoney MX, Joymoney ES).

Nibble is responsible for the security of transactions, safety of money in investor`s personal account, and provides protection of personal data.

During its active time, the loan will accure the percentage of yield as agreed. By the end of the term, the client has the option to choose from any of our reinvestment alternatives and increase their income. By doing so, the money will be reinvested automatically in new loans. Every individual and legal entity in Europe, including the countries of EU (Switzerland and Britain) can become an investor.

How to start investing on Nibble?

To become an investor in Nibble P2P platform is fast and simple.

If you reached the age of majority and have a bank account in any country in Europe you can be an Investor on Nibble, you just need to register and verify your identity. Nibble works in most European countries, such as Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

You need to register to start investing and earning income on Nibble. After the registration, you can deposit money to your account starting from 10 euros. Then, you can create an investment portfolio by choosing the necessary options and become an Investor!

Currently, the maximum deposit limit on Nibble is 10,000 € per month.

If you invest for the first time at Nibble don’t forget that you can get 1% cashback bonus for the investments made in the first 90 days.

 

 

Get 1% cashback bonus from Lendermarket

By News, , , , , , ,

Lendermarket logo

 

Lendermarket informed that a new cashback opportunity is available at the platform to all new registered participants.

Every new investor who register through this link at Lendermarket receives a bonus of 1% of the Net Deposited Funds during the first 60 days after the registration is successfully validated (Net Amount Deposited: amount of money deposited minus the amount of money withdrawn).

About Lendermaket

Lanched in june 2019 in Ireland, Lendermarket is a sister company of Creditstar Group AS, which is the parent company of Creditstar’s operational subsidiaries. The loans listed on the platform are issued in: Poland, Spain and Czech Republic.

Ragistration and investing

Both individuals and companies can register and invest. Individual investors are required to be at least 18 years old, be residents in the European Economic Area (or Switzerland) and have a bank account in such area.
Companies must have a bank account in a bank located in the EEA (or Switzerland).

Sign-up process: 2 steps: Registration and identity verification.

The minimum investment is 10 euros at 12% interest rate.

All loans at Lendermarket come with a Buyback Guarantee. Creditstar will buy back the loans that are more than 60 days overdue from their original due date at the nominal value of outstanding principal, plus accrued interest income and late payment fees.

The repayment depends on the term of the loan. If the term is 30 days or less, there will be 1 single payment at the end of the term. If there are two installments (60 days) or 3 installments (90 days), then the investor will receive 2 or 3 payments respectively. This is beneficial for investors that value more liquidity.

For other bonuses visit our Cash-back & Bonuses page.

Mintos loan originator Kuki.pl misses the payment of the buyback guarantee?

By Smart money, , , ,

Update:

As promised, I return with the response received from Mintos support. It arrived promptly, the next day, and you can read it below:

“Dans (Mintos)

Oct 18, 12:36 EEST

Hi Cristian,
thank you for your message.

After checking I found that the loan you are referring to had been closed by the 16.10.2019. 
It is listed in the finished Investments as well. The amount of days the loan is late, however, will keep increasing. As of now it is 63 days late, but that doesen`t change the fact that the loan had been in accordance to the buy-back guarantee on the 16.10.2019.

I hope that cleared it up and you may have a pleasant day
Let us know if you have any other questions.

Regards,
Dans”
Now, given the age of the platform, the volume of transfers and the experience with them so far, I will credit them, but there are still some doubts:
– if a loan was paid on 16.10.2019, why did it appear within the platform as late on 17.10.2019 (at night !!!) as it results from the image below, and only on 18.10.2019 as ” Finished prematurely “?
– if indeed the loan was paid on 16.10.2019, it means that there is a problem of the platform with the updating and/or displaying of data, which is worrying considering that we all make investment decisions in accordance with the information displayed.
As a personal opinion, for a while I will stay away from kuki.pl.
If you have questions or can explain these differences, feel free to comment on this post.

End of update

No money

Tonight, when I checked the Mintos platform, I had the unpleasant surprise to see that there are loans on my portfolio at Mintos that are more than 60 days late, given that I only invest in loans with buyback guarantee.I checked on the platform and noticed the following loan:

Kuki.pl buyback default

Kuki.pl buyback default

I am aware that this is only a one day late loan, but after the “experience” with Eurocent and Aforti I am very attentive to everything that happens within the platform.

I sent a message to Mintos about this topic, I will update this post when I get a response from them.

However, until then, I liquidated the entire loan portfolio from kuki.pl on the secondary market. I hope this is not another case like Eurocent.

Iuvo peer-to-peer investment platform overview

By Peer-to-Peer Lending, , , , ,

Iuvo is a p2p platform based in Tallinn, Estonia, which allows its users to invest in loans, granted from Originators (nonbank financial institutions – Easy Credit, Viva Credit, iCredit, BBG , Fast Finance). The Investors can make a motivational profit, and the Originators benefit by the extra funds to help them expand their business.
After the loan is granted by the Originator, it is uploaded on iuvo, where the Investors can see it and choose to invest in it. The Investor receives their profit from the principal with interest after the installment is payed off.
In case the Borrower stops paying the loan, the buy-back guarantee activates immediately and the Investor gets their investment back.

Iuvo Group OŰ is a company, licensed by the Financial Supervision Commission of Estonia, according to Decision № 4.1-1/133 of the Management board of the Commission. Iuvo Group OŰ is regulated credit intermediary from the Estonian Financial Commission.

IUVO strives to provide investors with a world-class user experience through its diversified credit portfolio of trusted originators, as well as superior platform simplicity.

Iuvo is a Latin word that means “to help”, “to save”.

Who can invest at Iuvo?

Iuvo is a platform that is open to individuals and companies.
The individuals must be at least 18 years old, and they need to have a valid bank account within the European Union or third countries that are currently considered as having equivalent AML/CFT systems to the EU.
For the companies it is required to have a valid bank account within the European Union or third countries that are currently considered as having equivalent AML/CFT systems to the EU. Their data and funds origin, according to the Anti-money laundering and Financial Terrorism policies and regulations mentioned above. (AML/CFT).

How can funds be deposited to the investor account at Iuvo?

You can make a deposit to your iuvo account by some of the following methods:
– a bank transfer from your bank account with a payment order or by using your online banking;
– at the cash register of a bank;
– a transfer, made by using electronic money services such as: Paysera, ePay, Transferwise, Currency Cloud, Revolut, etc.
Please, bare in mind that there is no minimum or maximum amount of money you can deposit.

You can find our bank details on you account–>”Deposit“. Please, follow the instructions.

You can invest in three different currencies at the same time: BGN, EUR, and RON. It is necessary to make a bank transfer to the corresponding account.
Please, bare in mind that right now Iuvo do not offer currency conversion.

You have two investing options in iuvo – manual and automatic.
The manual investing includes: credit details review; choosing which particular credit to invest in, adding to your Cart and confirming the investments.
The Auto-Investing option includes: creating a portfolio, where you can apply certain filters. After you start Auto-Investing, the software invests in loans that fit your criteria.

The minimum amount you can invest in the Primary Market is as follows: 10 BGN, 10 EUR, 25 RON. There is no minimum amount for investing on the Secondary Market.

Iuvo fees

The platform does not have any charges for investing, making a deposit, or withdrawal. The only charge that may apply is when you sell a loan on the Secondary Market – 1% of the amount.
Please, bare in mind that this does not include any charges that your bank may apply.

The credit rate scores

One of the methods by which the originators control the risk, is using a credit rate score system. This is a procedure of classifying every credit in different categories, based on the default probability (the probability the borrower to stop paying off their loan).
All loans in iuvo have a score rate. This is needed so the credits from different originators can be compared.

The credit score rates in iuvo are:
A 0 – 4% default probability
B 4 – 10% default probability
C 10 – 18% default probability
D 18 – 25% default probability
E 25 – 35% default probability
HR above 35% default probability

All loans listed on the platform have the so called buy-back guarantee. This means that the Originator is obligated to buy back the credit from the investor at its nominal value in case the borrower stops paying off their loan. The Originator will restore the investment back to your iuvo account.
The buy-back guarantee activates on the 61-st day, counted from the date of the first unpaid installment.

Withdrawals

In order to request a withdrawal, you need to verify your identity and address. You can do that by applying the following documents:
*for Individuals
– ID Card – both sides of your ID Card or Passport;
– current utility bill, addressed to you or
– official document from the Authorities or
– other documents, confirming your address;
*for Companies
– ID Card of the account’s owner – both sides or Passport;
– A current status certificate or Commercial register extract;
– A document from the Authorities that is addressed to the company (confirming the address);

You can attach your documents through the platform in the “Documents” section.

Regarding the Anti-money laundering policy of the European Union, you need to verify your address in order to withdraw money from your iuvo account.
You can request a withdrawal at any given time from the “Withdraw” button. You can only withdraw the funds that are not invested at the moment.

You can cancel your withdrawal request from “Withdraw” button -> “Withdraw History.

All withdrawals from the platform are processed within two working days.
*Please, bare in mind that the bank transfer can take more time, depending on the bank’s conditions.

You can only transfer funds to a bank account that you have deposited from. If you have transfered money from more than one bank account, you will have the opportunity to choose which one to transfer the funds to.

 

Monethera peer-to-peer crowdinvesting platform overview

By Peer-to-Peer Lending, , , , , ,

Monethera, based in Tallinn, Estonia, started as a private investment fund in 2017, and as of now has become one of the leading platforms in the industry of “Finance 2.0”, which offers investors from all over the world high-level investment opportunities via crowdinvesting marketplace.

With Monethera it is very easy to become an investor. All you need is to register on the website and choose one or several investment projects online. Monethera platform makes it easy and comfortable to start investing in high- tech, energy, real estate or other projects with help of background information, situational analysis, development prospects, market overview, repayment schedules and other important data attached to each project by the Monethera team.

If you invest for the first time at Monethera don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first 180 days, more details HERE.

With start of the Age of Information and growing power of crowd-investing online marketplaces such as Monethera, investing has become easy and painless. You don’t have to be a professional in financial sphere or have a significant amount of money to make profitable investments in various projects. To diversify your investment portfolio, you’ll need as much as 100 EUR as a minimum investment.

Who is eligible to invest?

Private investors can use platform and start investing without any verification, but in order to withdraw profits they have to provide documents and undergo verification process.

Monethera is more focused on European projects, that is why all the investment accounts are offered in EUR only. Payment in other currencies will undergo conversion to EUR at our bank’s rate. Please note that investors can only make payments from their own private bank accounts.

Investing

Investing at Monethera is very simple: create an account, choose one of the selected investment opportunities and the amount of money you want to invest. The entire investment process takes place online and requires just a few minutes of your time. According to established schedule, you will be receiving fixed interest payments. The minimum investment is just 1 EUR per project.

At Monethera you can create diversified investment portfolio without having to invest large amount of money. All you need is as little as 1 EUR invested in a single project to start your investment journey. Later on you will be able to reinvest your income from successful investments in other projects to make your portfolio more diversified.

The minimum funding deposit is 100 EUR.

Investors who use platforms with shared IBANs (like Transferwise and some others) must send Monethera a payment proof in order of being identified.

As of now, credit cards as a mean of adding funds to investment account are not supported by Monethera. It is also not possible to use Western Union, crypto-currency or other ways of money transfer. Monethera doesn’t accept any third party funds. All funds must come from the bank accounts of registered investors.

How does the buyback guarantee work?

The buyback guarantee means that any Monethera participant can reclaim invested money from any of his or her invested projects and instantly receive it. Cost of performing a buyback is shown in the project description.
It should be noted that in some cases the cost of buyback makes a considerable percentage of the invested assets.
All interest payments transferred to participant’s investment account prior to buyback operation remain in possession of the investor.

 

 

 

IuteCredit grows on Mintos again by launching car loans from Moldova

By News, , , , , , ,

IuteCredit has yet again expanded its presence on the Mintos p2p lending marketplace and has launched Moldova-issued car loans. This is in addition to the personal loans already offered for investment in the country by the loan originator.

IuteCredit Group commenced its operations in Moldova in 2008. It is currently one of the alternative finance market leaders in the country with a net loan portfolio of EUR 29 million as at the end of January 2019.

If you invest for the first time at Mintos don’t forget that you can get 1% cashback bonus for the investments made in the first three months (90 days), more details HERE.

What IuteCredit Moldova offers on Mintos:

  • Loans listed in EUR issued in Moldova;
  • The average car loan is EUR 4 000;
  • Net annual returns of up to up to 11% for its loans;
  • IuteCredit Moldova offers a buyback guarantee and will repurchase all loans delinquent for 60 days or more.

Creditstar list their Estonia-issued loans on Mintos p2p lending marketplace

By News, , , , , , ,

Mintos logo

Creditstar has increased the investment opportunities it offers on Mintos! Now, you can invest in personal loans issued by its Estonia-based subsidiary Monefit and earn net annual returns of up to 12% . This is in addition to Creditstar’s loans that are already available for investment issued in Poland, Spain, Czech Republic and Finland.

Established in 2013, Monefit offers its borrowers flexible revolving lines of credit, where the borrower chooses how much they need to borrow at any point in time and can manage the details through a mobile app.

Estonia-issued loans from Monefit on the marketplace will range from EUR 50 to EUR 3000 with a maturity up to 60 months. You can expect a net annual return of up to 12%.

All loans placed on Mintos by Monefit have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. The company will also keep 5% of each loan it places on the marketplace on its balance sheet to maintain its skin in the game. Monefit will have a group guarantee, meaning the obligations of Monefit will be guaranteed by Creditstar Group.

Creditstar Group was established in 2006 and provides consumer financial services in Europe. Creditstar is headquartered in Estonia, where the company is one of the largest providers of online credit. The company has gained the trust of more than half a million registered users in eight countries across Europe.

Creditstar Group has a strong equity position, with more than EUR 18 million in equity and EUR 85 million in assets. The company has also delivered consistent profitability every year since its inception in 2006. The aggregate net loan portfolio of Creditstar Group was EUR 78 million as of September 2018.

Creditstar Group puts a strong emphasis on responsible lending policies and high-quality customer service. The typical Creditstar customer is an active, young male, 26-35 years old, living in a small town. The company has a strict credit policy with only approximately 30% of applications accepted. Debt collection companies are involved in the recovery of non-performing loans.

Estonia-based lender Placet Group is expanding its presence on Mintos marketplace

By News, , , , ,

Mintos logo

Placet Group is expanding its presence on Mintos p2p lending marketplace. Because of this, investors now have the opportunity to invest in its Lithuania-based personal loans in addition to its Estonia-issued personal loans previously available on the marketplace. With this great opportunity investors can earn net annual returns of up to 9%!

Placet Group is a leading non-bank finance lender in Estonia. It started its operations more than a decade ago in 2005 and launched its first brand in Lithuania in 2011. The core values of the company include customer satisfaction that is the result of a high-quality service that is efficient and fast. Because of these values, the company has attracted over 200 000 unique customers in Lithuania.

The average Lithuania-issued personal loan from Placet Group on Mintos is around EUR 700, the total range of loans from the company on the marketplace is EUR 50 to EUR 14 500.

The repayment period ranges from 3 months up to 6 years, while 18 months is the most common repayment period. You can expect a net annual return of up to 9%.

All loans from Placet Group come with a buyback guarantee. This means, if a loan is delinquent for more than 60 days the loan originator will repurchase the loan. The company will also keep 10% skin in the game, to ensure its interests align with those of investors. Placet Group has a history of low delinquency rates. The percentage of its loan portfolio that is delinquent is around 5%.

Placet Group has disbursed around 540 000 loans in Lithuania worth EUR 70 million. At the end of 2017, its net loan portfolio in Lithuania amounted to EUR 9.5 million and the group net portfolio amounted to EUR 25 million.

Lending & Finance Technologies (LF TECH) from Kazakhstan has launched on Mintos p2p marketplace

By News, Peer-to-Peer Lending, , , , , , , ,

Mintos logo

Lending & Finance Technologies (LF TECH) from Kazakhstan has just launched on the Mintos peer-to-peer lending  marketplace and offers investors the opportunity to invest in its short-term consumer loans issued in Kazakhstan. The company is one of the leading short-term lenders in Kazakhstan and now lists its loans on Mintos in EUR and KZT for investment.

The company started its operations in 2012 when it opened its first branch. Since then, the group has opened 130 branches across the country, established its online product with an application review that’s less than 15 minutes, and expanded its presence in the Russian market. It aims to give its customers an individual approach, fast service and convenience when using its product. These benefits have attracted over 500 000 unique customers in Kazakhstan.

The average Kazakhstan-issued loan from LF TECH is EUR 100. The repayment period is up to 30 days and borrowers repay their loan in a single instalment. You can expect an annual net return of up to 11% for its loans listed in EUR and 18% for its KZT loans. In the future, LF TECH also plans to increase its offering on Mintos and place its car, and pawnbroking loans for investment.

All loans from LF TECH are secured with a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. In addition, to ensure the interests of the loan originator are aligned with investors, the company will maintain 15% skin in the game.

The company is 100% equity funded, hence, maintains a very strong balance sheet position. Since 2012, it has disbursed around 1 252 000 loans in Kazakhstan worth EUR 122.3 million. At the end of September 2018, its net loan portfolio amounted to EUR 19 million. The company expects stable growth and profits for future years in its home market and Russia, as well as plans to continue its expansion in South East Asia.

You can now invest in Latvia-issued loans from Creamfinance on Mintos p2p platform

By News, Peer-to-Peer Lending, , , , , , ,

Mintos logo

Creamfinance has expanded its offering on Mintos peer-to-peer lending marketplace as it has just placed Latvia-issued short-term and instalment loans for investment. Creamfinance has been ranked as the second-fastest growing company in Europe by the prestigious Inc. 5000 Europe ranking and you can invest in its loans from Latvia on the marketplace now and enjoy returns of up to 10%.

Consumer finance services provider, Creamfinance, was founded in 2012 in Latvia and has experienced consistent and fast growth ever since. The mission of Creamfinance is to make funds easily available to its borrowers. This is achieved by providing consumer loans online in a convenient and fast manner. The company utilises advanced algorithms and machine-learning capabilities to quickly evaluate and score its borrowers. Once borrowers apply for a loan, the average time it takes for the company to assess their creditworthiness is 50 seconds. In addition, it also offers a highly customised approach to its personal loan process and aims to become a one-click loan provider to consumers globally. As a result, the company has already attracted more than 93 000 customers in Latvia.

“Fintech is drastically changing our everyday lives and the business environment, especially during recent years. In addition to classic banks, the modern Fintech world includes increasingly more and sometimes much advanced financing solutions that bring together people with extra money with those who require it. We are confident that experience of Creamfinance Latvija in various countries around the world, the millions of customers and the state-of-the-art technology will provide added value and new opportunities for customers and businesses, who “meet” in Mintos platform, a business model of future available already today,” says Līga Treiliha, the CEO of Creamfinance Latvia.

On Mintos, you can invest in Creamfinance Latvia’s short-term and instalment loans listed in EUR. The average loan is EUR 350 and the repayment period is up to 14 months. You can expect a net annual return of up to 10%.

All loans from Creamfinance Latvia will come with a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. To ensure its interests are aligned with investors on Mintos, it will also maintain 5% of each loan placed on Mintos on its balance sheet.

As of December 31, 2017, Creamfinance Group had an outstanding net loan portfolio of more than EUR 40 million and achieved an annual revenue of EUR 44 million. By the end of 2017, Creamfinance had issued total principal amounting to over EUR 400 million since 2012.

Creamfinance also announced recently that its key strategic investor – Capitec Bank – increased its involvement in the Company. The initial investment agreement was signed in March 2017, and stated that Capitec Bank would acquire a 40% stake in the Creamfinance Group for the total of EUR 21 million in three tranches. The first tranche was paid in March 2017 (EUR 6.7 million). As a result of meeting of the financial covenants agreed in 2017, Creamfinance received the next capital injections of EUR 3 million each in June 2018 and September 2018 together constituting the second tranche . The increased investment from such a major player confirms Creamfinance’s reputation as a reliable loan originator on Mintos.

Currently, Creamfinance operates in seven countries – Latvia, Poland, Czech Republic, Georgia, Denmark, Spain and Mexico and has an IT office in Austria.

To obtain exposure to Creamfinance loans, investors will be able to invest in loans issued by Mintos Finance to Creamfinance, where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to Creamfinance will be pegged to a respective loan issued by Creamfinance to the final borrower. Mintos Finance is a Mintos group company.

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