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.
