Tag Archives: buyback guarantee

Grupeer will launch a new type of loan – amortizing loans

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Grupeer logo

Grupeer announced that today they will launch a new type of loan for investment! They will introduce amortizing loans by their trusted loan originator SIA Monify. One of Grupeer’s core competencies is diversification tools: geographical, loan type (real estate or business loans), and now loan repayment schedule.

How does it work?

Currently, the principal is returned back to the investor when the maturity date comes, and interest is calculated based on the total loan amount. The key difference of new amortizing loans is that principal repayment will take place over the loan period and interest is calculated from residual loan amount (total loan amount less principal repayments according to schedule).

Why is it good for investors?

Grupeer’s investors will be able to diversify held investment portfolio and considerably reduce credit risk. Credit risk is associated with the failure to return the principal at maturity. All Grupeer loans are protected by BuyBack guarantee- when loan originator is obliged to pay the principal and interest rate in case borrower defaults. However, there is still unlikely scenario that loan originator fails. In that case, Grupeer will facilitate the investment return by hiring a lawyer, who will represent the interest of all investors. However, this will take time and will cause inconvenience. So, with amortization loans, this risk is reduced.

The second benefit is a sooner availability of investment principal, which can be used for reinvestment. Setting up Auto-Invest function will automatically invest all money monthly received and will even further increase the return, as your money (which were sitting in the body of the loan) will be earning in the new project.

Please note, that because amortizing loans are a new product on the platform, auto-invest strategy can’t filter yet the amortizing loans vs. non-amortizing. So, if you do not wish your funds to be invested in the new type of loan, please disable the auto-invest temporarily.

DoFinance peer-to-peer lending platform overview

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

DoFinance logo

A subsidiary of the Alfa Finance Group, DoFinance is a platform providing web P2P platform operations which, thanks to innovative financial technologies, offer easy, secure and smart way of borrowing money or investing available financial resources and earning money in a manner that offers an alternative to traditional opportunities such as conservative bank deposits or risky stock markets.

The global online lending and investment management company Alfa Finance Group was founded in 2015, when brothers Viesturs and Jānis Kuļikovskis decided to pool their knowledge and experience. Alfa Finance has a strong idea they both share – creating original and modern finance services so that anyone can become his or her own personal investor and financial director in a safe, easy and smart way.

Their business essence is consumer loans and P2P investment platform services for private individuals. In less than two years, they have successfully expanded to Poland, Georgia and Indonesia, with a total of more than 150,000 registered clients and over EUR 16 million in loans issued as financing. The Alfa Finance Group is growing all the time, and in the next few years, they plan to develop their operations in other European and Asian markets.

Who can invest?

In order to invest in DoFinance platform you must be at least 18 years old, have a valid e-mail address, valid documents (passport or identification card) and bank account within the European Union, Switzerland or any other country of the EEZ, which is not included in the lists of high risk and non-cooperative jurisdictions or is not subject of international sanctions. For complete registration you will have to provide a national identification card (scanned or photographed both sides) or passport (scanned or photographed).

Companies can also register. When registering as a company you need to select the option “Company”, need to fill in the form with the necessary information and upload the company registration certificate or extract from the company register.

DoFinance doesn’t tax accrued interest therefore investor receives full amount. In addition regarding taxes – profits earned in DoFinance are tax object and  by taking into account the legislation of the country where the investor is resident (for tax purpose perspective). Actions related with payment of taxes are on investor’s responsibility. At the end of the year we do provide account statement specifying interest received.

Loan types

DoFinance offers you the chance to invest in short-term consumer loans and recommends using one of Auto Invest plans depending on your desired return rate, term and flexibility. 

You can choose to invest in loans with a term ranging from 1 day up to 60 months.

Investing

There are 3 simple steps – register, add documents and add funds (starting from 10 euro). When you have added money in your investor’s account, you can start investing. They recommend you to use some of DoFinance Auto Invest plans. The DoFinance automation tool creates an investment portfolio based on your preferred term, amount of money and interest rate. If you use the Manual Investment option, they suggest splitting your investment up into several loans, to diversify your portfolio.

On DoFinance there are no investment limits for individual investors. But in accordance with DoFinance Anti-money Laundering procedure, investors who wil exceed 15 000 euro and 50 000 euro limits, will be asked for some additional data.

There are no fees for investing.

The Auto Invest tool is free of charge and is an easy-to-invest, easy-to-manage and automation tool for diversifying your investment portfolio. Auto Investing means that a person entrusts the distribution of the money invested and the same investment in the DoFinance system.

The BuyBack guarantee is a guarantee issued by the loan originator to the investor for a particular loan. It confirms that the loan originator will repurchase the loan from investor if repayment of that particular loan is delayed. The BuyBack guarantee is applied for all loans in DoFinance system. It starts on the first day after the end date of the investment. We call it Instant BuyBack.

Withdrawals

Withdrawals depends on your selected investment plan. With Auto Invest it’s possible to cancel all programs:

5% plan – you can receive your money 7 days after your request including accumulated interest.

7% plan – you can receive your money 30 days after your request with 5% interest or 60 days after your request including accumulated 7% interest.

9% plan – you can receive your earned interests each 30 days after investment (automatic monthly interest repayment) or principal amount 90 days after your request without interest.

If your account is less than 10 Eur, then you must transfer the entire amount at a time.

It is not possible to cancel investments that are made with the Manual Invest option.

 

First loan originator from Macedonia TIGO Finance launches on Mintos

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Mintos logo

TIGO Finance from Macedonia launches on Mintos peer-to-peer lending marketplace. With this addition, investors now have the chance to invest in its consumer loans from Macedonia and earn net returns of up to 10%.

TIGO Finance is a financial company that applies innovative and modern technology to offer quick and easy micro-financing solutions to individuals. The company is fully licenced and operates in accordance with the Macedonian Law on Financial Companies since December 2017 when the first loans were issued.

Although TIGO’s focus is online lending, the company has opened five branches in Macedonia, located strategically in key demographic areas. The firm plans to open further branches in the next quarter so it is more accessible to its clients.

On Mintos, TIGO is planning to offer its short-term and personal instalment loans for investment. Macedonia-issued short-term loans from the company range from EUR 35 to 325 with a maturity of up to 30 days. The company’s instalment loans have a maturity of up to 24 months and the loan amounts are up to EUR 1 000.

“TIGO finance is pleased to join the Mintos marketplace, a unique place where the movement of capital is free and efficient. Given our advanced IT infrastructure, which allows us to obtain maximum efficiency and customer focus in operations, our partnership with Mintos will strengthen our position in the Macedonian market. This will help us to get one step closer to our goal of becoming the most well-known brand in the micro-financing industry,” says Filip Dimitrovski, Country manager of TIGO Finance in Macedonia.

From January 2018 up until the end of August 2018, the total amount of issued loans by TIGO Finance has reached EUR 1.43 million, with First Payment Default (FPD) levels lower than 10%  over the same period. At the end of August, the company’s net loan book amounted to EUR 600 000. The company is continuously looking for opportunities to innovate and increase its ability to satisfy its customers’ needs and expectations.

TIGO Finance’s target market largely consists of clients who often have limited access to banking services. Borrowers can receive a loan in minutes, as the company applies an automated and flexible system to check its customers’ creditworthiness. This results in a credit pre-approval in only 30 seconds. This makes TIGO loans the fastest on the market.

New Envestio project – Fish processing for export market expansion 2

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Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing project “Fish processing for export market expansion 2″, Envestio continues successful cooperation with representative of the food industry.

The loan is fully secured by commercial pledge and personal guarantee of the main beneficiary of SENGA SIA.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in fish processing sector, financing of production of canned and smoked goods.
  • 21.5% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The Latvian company SENGA SIA (www.senga.lv) is functioning on the market of processing of fish and other sea products since the year 1993. Raw products are processed according to EU quality standards and sold in cans or smoked on the local market as well as exported outside the country to Europe and Asia.

SENGA SIA produces a wide assortment of products that includes traditional Latvian sprats in natural oil, variety of pates, canned salmon, trout, etc. No GMO is added to the produce in order for that to comply with EU and CIS health standards. Altogether company produces 24 different types of fish products.

The company owns and uses 2 its own production facilities, which are already partially refurbished with the help of European Union financing for development (it is planned to finalize refurbishment works in second half of 2019), and currently employs more than 50 people. Overall production capacity of the company is around 1-1,3 million cans per month. 95% of the produced goods are exported to Kazakhstan, Poland, Armenia, Azerbaijan, Estonia, and other countries.

SENGA SIA is looking to attract EUR 100,000 big business development/working capital financing with the help of Envestio participants, which is necessary for lauching an additional production cycle in order to complete new orders and receive extra profits.

Market

The fish processing industry in Latvia historically has been one of the important parts of the country’s economy. Canned fish products with “Made in Latvia” mark on them are well-known for their good taste and high quality.

Prior to 2015 the main export direction for most Latvian producers of canned fish products was Russia and CIS countries. In 2015, following the change of the health standards for imported fish food products in Russia, Latvian producers started to look also to the Western direction, which resulted in entering the markets of countries like Germany, Spain, UK, and even USA and Australia. As a result, in 2017 canned fish products made in Latvia were exported to 56 countries. Total value of the exported goods in 2017 exceeded EUR 73 mln, which is a 11,6% increase in comparison to 2016.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 19.10.2018 – EUR 17.67
  • 19.11.2018 – EUR 18.26
  • 19.12.2018 – EUR 17.67
  • 19.01.2019 – EUR 18.26
  • 19.02.2019 – EUR 18.26
  • 19.03.2019 – EUR 1016.49

Total expected return: EUR 1 106.61

US private equity-backed loan originator from Romania joins Mintos p2p marketplace

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Mintos logo

The Mintos marketplace just got bigger as Credius now offers personal loans for investment in Romania. Credius is one of the five largest alternative lenders in Romania and it is backed by a private equity group from the United States, and you can invest in its personal loans listed in EUR now!

Credius is part of the American investment group of private equity funds New Century Holdings (“NCH”). NCH manages approximately USD 3 billion of capital through a network of nine offices in Eastern Europe, Russia and Brazil. NCH has been active on the Romanian market since 1994, particularly in such industries as real estate and finance & banking services.

“Romania, the leader of GDP growth in the European Union in 2017, is experiencing a transition from an offline to an online economy. Credius is both taking advantage of this opportunity and is one of the most important drivers of this transition”, says Andrey Buzgan, Credius CEO.

Credius is a lending company focused on the segment of instalment loans to individuals. The average Romania-issued loan on Mintos from Credius is EUR 750 with a repayment period of 12 to 24 months. You can expect a net annual return of up to 9.5%.

To align its interests with those of investors, Credius will retain 10% of each loan placed on Mintos on its balance sheet. All Romania-issued loans from Credius come with a buyback guarantee and Credius will undertake the obligations of repurchasing delinquent loans.

Credius started its operations in Romania in 2013. It is currently in the top five alternative finance market leaders in the country when comparing the number of customers, monthly volumes of new loan origination, and the size of its loan portfolio. Credius is a leading market player both with its innovative online technologies and in terms of sales volumes. Its branch network is one of the largest in Romania with more than 80 offices. The company’s activities are regulated by the National Bank of Romania.

Since its inception, Credius has issued 53 000 loans worth more than EUR 33 million. The company maintains a very strong balance sheet with no external debt on its books. In 2017 the company reached EUR 19 million in revenues and EUR 2 million in net profit. As of the end of June 2018, its loan portfolio of EUR 9.5 million had been financed exclusively by its shareholders through the injection of equity capital and subordinated loan as well as through the reinvestment of internally generated cash flows. Historically, the average part of its non-performing loan portfolio being overdue more than 60 days has been around 10%.

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

New Envestio project – Urban mining tier 7

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Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing the project Urban mining tier 7, Envestio continues to expand successful cooperation with the representatives of the environmental-friendly recycling industry.

This investment project is available on exclusive conditions, ensuring higher return than other DAGRE projects. At the same time, it is also classified as secured debt limiting the project-related risks.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment into technology sector, financing of working capital of recycling plant.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

DAGRE is an international company with successful experience in the sphere of recycling of technological raw materials that contain different precious metals such as silver, gold, platinum, etc. DAGRE’s production capacities provide full cycle of processing the raw materials, from initial expertise in the lab to grinding it using special automated machinery and equipment. Employed innovative technological process ensures preservation of 98% of the initial amount of precious metals, contained in the raw materials. Production complex consists of following segments:

  • Storage of Raw materials
  • Manual and mechanical disassembly workshop
  • Enrichment workshop
  • Storage of ready produce.

DAGRE is capable of processing extremely wide range of raw materials, which provides the company with additional competitive advantage on the market. Obsolete home electronics, computer hardware, written-off equipment and machinery from plants and factories, even details from old trains and military objects – all this can be utilized. Current company facilities allow recycling of more than 2000 tons of aforementioned raw materials per year, and turning them into enriched “concentrate” with high saturation of precious metals ready for further sale.

The enriched “concentrate” is purchased by special factories, which recycle it further, into pure non-ferrous metals, such as Aurubis GmbH factory in Hamburg, Germany that is currently the main buyer of DAGRE’s product. DAGRE and Aurubis GmbH have concluded a long-term cooperation contract.

DAGRE is receiving raw materials from wide variety of suppliers in the Eastern European region, which is still far behind the rest of the Europe in terms of percentage of obsolete equipment going through proper utilization process. In combination with efficient and transparent logistics processes it makes economies of scale possible.

Market

DAGRE is one of few companies in the region that has direct access to Russian market of necessary raw materials. Russian recycling market is noticeably underdeveloped in comparison with Western markets, therefore, supply of raw materials is limited only by the production capacities of processing company and money it can invest into the process. At the same time, entrance to this market is very complicated due to big amount of different formalities and strict customs procedures, which must be observed. Here DAGRE enjoys a noticeable competitive advantage, as it already has all the necessary legal and operational expertise is this sphere.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 05.10.2018 – EUR 18.08
  • 05.11.2018 – EUR 18.68
  • 05.12.2018 – EUR 18.08
  • 05.01.2019 – EUR 1 018.68

Total expected return: EUR 1 073.52

The first loan originator from Ukraine has launched on Mintos p2p lending marketplace!

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Mintos logo

Mintos is continuing its geographical expansion and they are happy to announce that they have just launched the first loan originator from Ukraine on the marketplace! Dinero is the fastest growing online lender in Ukraine and it specialises in short-term loans. The company now offers you the opportunity to invest in its short-term loans listed in EUR on Mintos with expected net annual returns of up to 9.5%.

Dinero was established in 2017 and as of June 30, 2018, it has issued more than 59 000 loans with a net loan portfolio of more than EUR 2 million. The main goal of Dinero is to provide customers with immediate assistance in the event of unforeseen financial situations. The way the company assesses the creditworthiness of its clients is by using various scoring models, depending on the clients’ sociodemographic parameters such as age, credit history and other factors.

“Dinero is very proud to join the Mintos marketplace. We see marketplace lending as one of the global financial market trends, and Dinero is the first Ukrainian microfinance company to join a European lending marketplace,” said Ilya Vesely, CEO of Dinero.

Ukrainian-issued short-term loans from Dinero on Mintos range from around EUR 20 to EUR 360. The repayment period ranges from 7 to 30 days. You can expect a net annual return of up to 9.5%.

All Dinero’s loans are secured with a buyback guarantee, meaning any loans that are delinquent for more than 60 days will be repurchased. The company will maintain 10% of each loan placed on Mintos on its balance sheet, to maintain its skin in the game.

Investment structure

Taking into consideration legal requirements and investors’ interests, investors will be able to obtain exposure to Dinero loans by investing in loans issued by Mintos Finance SIA, Mintos Group company, to Mondoo SIA, a Dinero group company.

The repayment of each loan issued by Mintos Finance to Mondoo will be pegged to the repayment of a respective loan issued by Mondoo to Dinero and this loan will be pegged to repayment of the respective loan issued by Dinero to the borrower. Mintos Finance loans will be directly secured by a pledge on claims arising from Dinero loans issued to borrowers.

Mintos Finance will provide funding to Mondoo up to 90% of the principal of a respective loan Dinero has issued to its borrower. Accordingly, Dinero will keep 10% skin in the game. Dinero will repay the loan to Mondoo in lockstep with the repayment of the respective loan Dinero has issued to its borrower.

Should the borrower’s loan become delinquent for 60 days or more, Mondoo would ensure the repayment to Mintos Finance of the respective part of the loan received from Mintos Finance in full, together with accrued interest and Mondoo would ensure the buyback of the claims on this loan from investors.

“We are very pleased to welcome Dinero to the Mintos family. Our main goal at Mintos is to create a global marketplace for loans and geographical expansion is key to achieving this goal. We hope our investors enjoy this fantastic opportunity to diversify their investment portfolio and invest in Ukraine-issued short-term loans,” says Martins Sulte, CEO and Co-founder of Mintos.

The typical borrowers of loans issued by Dinero are aged 18 to 75 years, who usually take loans for personal unforeseen expenses. The company charges its borrowers an annual percentage rate (APR) of 270%.

Since its foundation in November 2017, in just eight months of operations, the company has disbursed a total of more than EUR 4 million in loans. Dinero currently employs more than 80 employees and as of June 30, 2018, the number of active customers exceeded 37 000.

EGE Finance has just launched on Mintos and offers investment opportunities in EUR

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Mintos logo

EGE Finance from Finland has just launched on the Mintos peer-to-peer lending marketplace. You can now invest in its short-term loans and earn net annual returns of 9 to 10%.

EGE Finance is part of BB Finance Group which was founded in Estonia in 2006. It is a technology-driven consumer credit company and the team consists of 70 professionals worldwide. The company provides short-term loans to clients mainly in Estonia, Finland, Czech Republic and Georgia with its headquarters located in Tallinn.

“BB Finance Group has earned the trust of many institutional and private investors. However, we are always interested to further diversify our funding sources and let new investors earn returns on our good results. Mintos has also shown real professionalism in the lead up to listing our loans on their marketplace. We are always glad to find opportunities to work with such people and companies,” said Urmo Kokmann, the COO and co-founder of BBFG.

On Mintos, the average Finland-issued loan from EGE is around EUR 270 with a repayment period of up to 93 days. You can expect a net annual return of 9 to 10%.

All loans from EGE will come with a buyback guarantee and will be repurchased if a loan is delinquent for 60 days or more. Furthermore, it will retain 5% of each loan placed on Mintos on its balance sheet to keep its skin in the game.

BB Finance Group has issued around 650 000 loans worth EUR 135 million. Since its inception, the company has attracted 430 000 registered clients. Its net portfolio amounts to EUR 13.8 million. In 2017, the company issued EUR 30 million worth of loans, 82% of which were to returning customers.

Since 2014 the company has continuously invested in technology. As a result, it has delivered a portfolio growth of 47% per year on average. BB Finance Group develops and monitors its own credit scoring system, decision-trees and also uses external credit databases. Over 80% of its clients last year were returning customers who had already repaid one or more previous loans and shown a reliable repayment discipline. Non-performing loans contribute to 4% of the company’s loan portfolio in Finland.

How does Envestio buyback guarantee works?

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Envestio logo

Since the launch of Envestio crowdinvesting platform they have been constantly receiving questions about how safe the investments are, and what is the legal protection of investors in case of borrower’s default. Although, some information is available in different sections of Envestio website, we feel that there is a need to summarize it in a more concentrated format using this article.
In addition, the article provides a detailed description of how exactly investment repurchase (or buyback) guarantee works in an improbable case of borrower’s default.

Let’s start with some terminology. Currently, at Envestio there are two types of projects available to invest in – secured loans and subordinated loans:
– “Secured debt” status means that besides providing full information about the business venture and concluding necessary agreements, the investment project owner has provided Envestio with an additional legal insurance, i.e. mortgage, mixed collateral, personal guarantee.
– “Subordinated debt” status means that all financial and legal information about the project has been submitted to Envestio and the essential agreements concluded, but no additional guarantee is legally arranged.

Then, many questions are being asked about Envestio buyback or repurchase guarantee. Here is what Envestio FAQ section says:
———————————————-
“What if I change my mind? How does the buyback guarantee work?
Envestio buyback (or repurchase) guarantee means that any Envestio participant at any moment can sell an investment from his or her investment portfolio back to Envestio and instantly receive invested money back to his or her investment account. Since the funds, gathered via Envestio portal, constitute a certain share of total financing that is attracted to specific project, besides traditional funding from banks, Envestio is sufficiently capitalized to execute any buyback immediately.
Cost of performing buyback is calculated and shown to Envestio participant in Envestio personal area.
Please note that in some cases cost of buyback can account to substantial percentage of invested amount.”

How does it work in reality, and how secured debt differs from subordinated debt? Here is an example:

– Envestio participant invests EUR 1000 in a project that closes on November 30, 2018. Project assumes monthly interest payments.
– At any moment before 31/11/2018 it is possible to sell back the investment share to Envestio with 5% fee charge, i.e. for EUR 950. All interest payments, which are already received, remain in investor’s possession. This condition is the same for both secured and subordinated loans.
– In case the borrower does not repay the principal after 31/11/2018 the event of technical default takes place. After that the borrower still has 5 working days to settle the debt without legal proceedings. If this is not done, then the delay turns into standard default and Envestio, with a support of a leading Estonian debt collector agency, starts a legal process against the borrower, including execution of all guarantees that were provided.
– Investor, who invested EUR 1000 in a secured debt project, gets back 80% of the investment principal, which is EUR 800, on the next working day after the event of standard default has taken place. For the remaining 20% there is a choice: instantly get back half of this amount or wait until the debt is recovered from the borrower. As a result – at least 90% of the investment is fully secured.
– Investor, who invested EUR 1000 in a subordinated debt project is supposed to wait until the debt is recovered from the defaulted borrower using available legal instruments.

In order to provide more comfortable investing experience for the participants, Envestio is conducting negotiations with all owners of “subordinated-type” investment projects aimed at converting those into “secured-type” loans.

 

Fast Invest peer-to-peer lending marketplace overview

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

Fast Invest logo

Fast Invest is an innovative FinTech company that offers its customers the chance to invest in consumer-based loans issued in European countries. All loans in the marketplace come with Buyback and Default Guarantees.

They firmly believe that everyone should be given access to the digital investment world. Technology has evolved so much over the past few years creating a smoother, faster and more reliable money flow. Their mission is to enable cross-border investing for every European citizen. The goal is to achieve this by building a stable, secure platform that makes it possible for users to invest in different countries, loan types and loan originators. Users can select from the pool of listed loans and invest in those that match their preferences.

Fast Invest’s business model provides access to investors and makes secure investing simple and accessible for anyone interested in investments and innovative ways of earning. Users can select from the pool of listed loans and invest in the one’s meeting their preferences, earning up to 14% in interest.

Fast Invest can offer better terms than traditional banks because they exclude unnecessary intermediaries from the process, thus allowing investors to save money that would have been otherwise spent on commissions and fees for third party services.

Overall FinTech (Financial Technology) companies are more flexible in terms of rates and operational costs than other organisations in the traditional banking sector. FinTech companies operate in diverse groups and incur fewer expenses than the traditional banking sector, thus providing the opportunity to give back more significant returns to the people.

How does the Fast Invest platform work?

  1. A person applies for a loan at a loan originator and prepares all the necessary documents and fills in the appropriate forms. The loan originator checks the applicant’s credit score, evaluates risk and grants the loan.
  2. Credit institutions provide the granted loans for investment. Fast Invest’s Compliance and Credit Risk Department then approves the conditions of the credit agreement and puts them on our Loan List for investment.
  3. The borrower makes monthly repayments according to the terms in the credit agreement and the payment schedule. Payment instalments are divided proportionally according to the amount invested in that particular loan for every investor.
  4. As soon as the borrower whose loan you have invested in repays his loan, you will start receiving payments of both the principal sum and the interest for that investment period. Funds are automatically transferred to your Fast Invest account. You can reinvest those funds in any available loan using the Auto Invest tool.

Opening a Fast Invest investor’s account

  1. Fill in the investor’s registration form.
  2. Add funds to your Fast Invest account.
  3. Choose a loan to invest in from the Loan List.
  4. According to the loan payment schedule, you will start receiving both repayments on the principal and the interest. Funds will be transferred to your Fast Invest account.

*NOTE: The investor must confirm his/her identity in order to request the immediate withdrawal of funds from the Fast Invest account to a personal bank account.

Investors must be at least 18 years old, have a valid email address and a personal bank account in their name in the European Union.

For the identification purposes, you must provide a national identification card (scanned or photographed both sides) or a passport (scanned or photographed).

There are three steps for Fast Invest client verification:

  1. The client must send a copy of his/her national identification document. If there are any questions or concerns relating to the identification of the client, the Compliance Office support team will request a second identification document and bill to successfully identify the client;
  2. The client receives an email which must be confirmed via the included link;
  3. The client must verify his/her phone number by entering the SMS code sent directly to his/her phone.

Companies cannot register with Fast Invest platform, or make investments.

Investing with Fast Invest platform

Right now, the platform provides consumer-based loans issued across the European Union.

All listed loans are 100% pre-funded by the Loan Originator. Moreover, the Loan Originator keeps at least a 5% stake in every single deal, proving they have “skin in the game”.

On the Loan List, you can manually filter all listed loans, and manually pick the ones aligning with your preferences by determining: term, currency, amount, interest rate, and loan origin.

By using Auto Invest, you can create a portfolio, specifying specific parameters (portfolio size, maximum investment per loan, projected interest, time to maturity, etc.). Afterwards, the A.I. system will automatically select loans that meet your specified criteria and invests in available funds continuously. You can alter the settings or stop the portfolio at any time by visiting the Auto Invest portfolio list in your account.

You can check your investment portfolio at any time from the My Investment page or check the Account Statement page for full information on account transactions.

Auto Invest loans are marked with the symbol.

What is the buyback guarantee?

If you decide to stop investing in the selected loan and sell the investment (at any time before the scheduled full payment date), Fast Invest will buy back your investment in 1 business day, guaranteed.

To sell your investment, just log in to your Fast Invest account, click the My Investment section, select the loan you would like to sell and click “sell”. After the Account Management Support Team has approved it, you will receive the funds in your Fast Invest investors account.*

*Note: always remember, when selling your investment ahead of time you will lose all interest earned through the process. However, you will get your invested funds back. An icon indicates these payments secured by the BuyBack Guarantee.

What is the default guarantee?

If a payment instalment is overdue by 3 (three) or more days, the Default Guarantee will settle the arrears. The icon will mark these payments as paid by the Default Guarantee.

On the Fast Invest platform, there are no investment limits for individual investors. You can start investing with 1 Euro.

How does the currency exchange work?

The Fast Invest platform supports 4 fiat currencies – European Euro (EUR), United States Dollar (USD), United Kingdom Pound (GBP) and Polish Zloty (PLN).

The currency exchange is a simple and easy process.

  1. On the exchange page, select which currency you want to convert to.
  2. Enter the desired amount in one of the input fields.
  3. Confirm the transaction.

Currency exchange rates are calculated via rates from the European Central Bank.

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