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Investments made through Mintos into ID Finance’s Kazakhstan-issued loans gain 10 % yield in one and a half months

By MPI21st June 2018News, Peer-to-Peer LendingAlexander Pak, ID Finance, invest, investor, Kazakh Tenge, Kazakhstan, KZT, Mintos, peer-to-peer lending

Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR.

ID Finance Kazakhstan has been working with Mintos since April 12, 2018. In one and a half months, the exchange rate of KZT against the EUR has increased by 7.2%. This means that investors at Mintos gained almost a 10% holding period yield.

“The high yield of this instrument is explained by fundamental factors: the main force behind the growth of the KZT is oil prices, which have been increasing throughout the whole year, and this is a long-term trend,” explains Alexander Pak, CFO of ID Finance in Kazakhstan.

He adds that the advantage of investing in KZT is that alongside a high nominal yield investors may gain optional profits due to currency appreciation.

Alexander Pak says that by using Mintos, ID Finance is planning to fund loans worth EUR 6 million on an outstanding basis before the end of the year, with 40% of that sum in the national currency of the Republic of Kazakhstan.

The historical performance of KZT does not predict its movements in the future and the FX gain is not in any way predictable or even more so guaranteed.

Get 0.5% cashback bonus for your investments made on EstateGuru

By MPI19th June 2018News, Peer-to-Peer Lending, Real estate, Smart moneybonus, cashback, EstateGuru, investing, investor

EstateGuru now offers a 0.5% cashback bonus for your investments made during the first 3 months from the registration.

How the program works?

In order to get the bonus you first must register by following THIS LINK.

The investor who completed a registration will get a 0.5% cashback bonus for the investments made in the first 3 months. Calculated bonus amounts are transferred to the investment account of the EstateGuru investor.

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

A look into EstateGuru’s loan portfolio – June 2018

By MPI19th June 2018News, Peer-to-Peer Lending, Real estatebridge loans, business loans, development loans, EstateGuru, investing, investor, loan portfolio, mortgage, real estate investments

Since the beginning of EstateGuru, already 367 projects with a total sum of €60 094 383 have been funded on the platform. All these projects have been done in 5 countries: Estonia, Latvia, Lithuania, Finland and Spain. In the following blog article, we give an overview of the EstateGuru loan portfolio in a short and informative analysis.

The EstateGuru loan portfolio is mostly divided into 3 types of loans: bridge loans, development loans and business loans. Bridge loans are defined as short-term real estate loans that provide the property owner the necessary capital until a permanent solution for financing has become available. A development loan is used to develop the property, that ranges from construction works to excavation works, i.e. development of area infrastructure, including utilities and roads. A business loan is a mortgage loan that is used to finance the capital needs of a company’s expansion, secured with a collateral that the company owns.

EstateGuru – outstanding loan portfolio by loan type (%)

Over a half of EstateGuru’s outstanding loan portfolio are bridge loans, with nearly a quarter of business loans and a bit over 1/4 of development loans. This shows the popularity of bridge loans to finance the capital needs of real estate developers and entrepreneurs.

Now let’s take a closer look at EstateGuru’s outstanding loan portfolio by country

EstateGuru – loan portfolio by country (%)

Since EstateGuru started its journey in Estonia and only later expanded to other countries, it might not come as a surprise that the highest amount of loans had been funded in Estonia. The country is currently enjoying an economic boom, which ensures that a lot of property developers are using the opportunity to get financing on good terms. 77% of EstateGuru’s whole loan portfolio has been done in Estonia, with Lithuania trailing at 11% and Latvia coming third at 9%. In 2018, EstateGuru also expanded to Finland and Spain, with the first projects on both respective markets already funded.

EstateGuru – loan portfolio by loan status (%)

Already 148 loans of 367 have been repaid on the EstateGuru platform as of today with a total principal returned amount of €23.7 million. This makes up about 36% of the whole portfolio. 2 loans with a combined sum of €360 000 are currently listed as “defaulted” with the sales processes of the collaterals ongoing. 1 defaulted project was recovered and investors gained a 13,72% return from this project.

EstateGuru offers secured loans

All of the projects on the EstateGuru platform are backed by a collateral. This ensures that in case a borrower is not able to repay his loan, then EstateGuru is able to take steps to make sure that the investors still receive their money. The main security against this is ensuring that the loan has a 1^st or 2^nd rank mortgage attached to it.

EstateGuru – loan portfolio security types (%)

As seen on the graph, a majority of the projects on EstateGuru are secured with a 1^st rank mortgage as only 7% of the whole portfolio is secured with a 2^nd rank mortgage. This means that in most cases, EstateGuru has all the rights to the underlying collateral.

Furthermore, all of the collaterals are either commercial real estate, residential real estate or land, which leaves the liquidity of the collaterals at a high level. This can be proved further on the following graph.

EstateGuru – loan portfolio collateral types (%)

61% of the projects on the platform are secured by residential real estate – be it a private house or apartments. A quarter of all loans are secured by a land plot and 14% are secured by commercial real estate like office spaces or a warehouse.

In conclusion, EstateGuru’s loan portfolio is already over €60 million and growing every day. The average return for investors today is 12.32%. In 2018 they are looking to open up even more investing opportunities for the investors by expanding into new countries and increasing the number of projects in the Baltics as well.

Source: EstateGuru.co

Placet Group loan originator has launched on Mintos p2p lending marketplace

By MPI19th June 2018News, Peer-to-Peer Lendingbuyback guarantee, Estonia, EUR, investing, investor, Mintos, peer-to-peer lending, personal loans, Placet Group

Placet Group is a leading non-bank credit provider in Estonia that issues secured and unsecured loans to individuals and legal entities with a focus on personal and short-term loans. The group was established in 2005 and launched its first brand on the Estonian market in 2007. Since then the group has launched additional brands in Estonia and started issuing loans in Lithuania in 2011 and Poland in 2015. The group prioritises an individual approach to customers, a high-quality service and operational efficiency and transparency.

Now you have the opportunity to invest on Mintos peer-to-peer lending marketplace in personal loans issued in Estonia. In Estonia, the company issues its loans under its brands smsmoney.ee, smsraha.ee, laen.ee . Take advantage of this great opportunity to earn net annual returns of up to 10% now.

Placet Group is a well-established non-bank finance lender. It started its operations more than a decade ago in 2005 and launched its first brand in Estonia in 2007. Since then, the group has launched more brands in Estonia and started its operations in Lithuania and Poland. It aims to give its customers an individual approach, high-quality and fast service and transparency. These values have attracted over 125 000 unique customers in Estonia.

“We have been watching Mintos for a long time and the marketplace has demonstrated rapid growth and has achieved magnificent success in the investment market. We know success does not come without effort and the team behind Mintos is made up of hard-working professionals. In Mintos, we see a strong, reliable and professional partner in investments and with the help of the marketplace, we plan to increase our market share and also consider the possibility of entering new credit markets,” says Gennadi Krotov, CEO of Placet Group OÜ.

The average Estonia-issued personal loan from Placet Group on Mintos is around EUR 500, the total range of loans from the company on the marketplace is EUR 100 to EUR 7 500. The repayment period ranges from 30 days up to 5 years, although 30 days to one year is the most common repayment period. You can expect a net annual return of up to 10%.

All loans from Placet Group come with the 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 5% 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 is well capitalised with an equity-to-assets ratio of 73% and since 2007, has disbursed around 550 000 loans in Estonia worth EUR 180 million. At the end of 2017, its net loan portfolio in Estonia amounted to EUR 15 million while achieving a turnover of EUR 6.2 million and a profit of EUR 2 million. The company expects stable growth and profits for future years in its home market.

Aforti Factor Joins Viventor p2p lending marketplace

By MPI17th June 2018News, Peer-to-Peer LendingAforti Factor, Aforti Holding, buyback guarantee, EUR, investing, investor, invoice loans, Jacek Książek, peer-to-peer lending, Viventor, Warsaw Stock Exchange

Viventor is happy to announce another partnership with a new loan originator from Poland – Aforti Factor SA.

Established in the beginning of 2018 Aforti Factor SA is one of the fastest growing non-bank invoice financing providers in Poland. The company is backed by Aforti Holding, a well-known Polish financial services provider listed on the Warsaw Stock Exchange.

During the first 6-month of operations Aforti Factor AS has serviced more than EUR 1’500’000 worth of invoices, ranging from EUR 25 – EUR 200’000. Currently the company employs 12 people and is rapidly expanding across the country to meet the growing demand for their product.

‘’So far May has been the most successful month for Aforti Factor. The Operational Department accepted invoices worth almost PLN 1.8 million (EUR 420’000), an increase of 24% compared to the previous month. As we already have had a successful partnership with Viventor and Aforti Finance, we’re looking forward to offer our new product to the investors on the platform” says Jacek Książek, the managing director of Aforti Factor SA.

Aforti Factor SA loans on Viventor marketplace

25-200000 EUR in size
7-90 days in duration
11%-12% projected annual return
60 day Buyback guarantee

Aforti Factor will offer its invoice loans with maturities starting from 7 up to 90 days. The company will maintain 5% skin in the game stake in every single loan and start by offering a projected return of around 12%p.a. On top of that, all of Aforti Factor loans will be secured by a 60-day Buyback Guarantee.

Stik Credit Joins Viventor peer-to-peer lending marketplace

By MPI17th June 2018News, Peer-to-Peer LendingBulgaria, buyback guarantee, EUR, investing, investor, loans, peer-to-peer lending, Stik Credit, Viventor

Viventor is pleased to welcome a new loan originator from Bulgaria – Stik Credit AD.

Established in 2013 Stik Credit AD provides short and medium term consumer loans. The company currently employs 26 people and has 11 offices across the country.

Since the inception, Stik Credit has issued more than 18’000 loans with the total worth exceeding EUR 5’000’000. The average loan is around 277 EUR for a 5.2 months period. Due to the company’s robust risk management, the delinquency rate (60+ days) has decreased below 15%.

“Even though, we have been financed entirely by equity of our founding shareholders and retained profit, we have seen stable growth over the years. Cooperation with Viventor is the next logical step to accelerate our growth and offer an even better experience to our customers,” comments Hristina Todorova, executive director of Stik Credit.

Stik Credit AD loans on Viventor marketplace

50-2500 EUR in size
1-24 months in duration
10%-13% projected annual return
60 day Buyback guarantee

Stik Credit AD will offer its single payment loans with maturities up to 1 month, as well as installment loans up to 24 months. The company will maintain 5% skin in the game stake in every single loan and start by offering an introductory projected return of around 13%p.a.

Lenndy peer-to-peer lending marketplace overview

By MPI7th June 2018Peer-to-Peer Lendingbusiness loans, buyback guarantee, car loans, EUR, invest, investment, investor, invoice factoring, Lenndy, loans, marketplace, mortgage loans, Paysera, peer-to-peer lending

Lenndy is a peer-to-peer lending marketplace, where investors can invest in loans by buying out prior issued loan rights. Using the platform operators’ technological solutions, non-banking loan administrators have the option to transfer rights of claim arising from any credit agreement. This model allows investors to redeem already committed loans and get 12-15% interest.
Loans at Lenndy are sold by loan originators, that are issuing loans for businesses only. Loan originators transfers their issued loan documentation and Lenndy operator presents them in loan list, after successful valuation results. Only 95 % of loans can be sold at Lenndy, to ensure that Loan Originator also keeps part of the loans with all investors, who made the investment. Lending Marketplace is named as a P2P 2.0 version, because users are investing in already issued loans, and borrowers doesn’t have to wait until all the amount will be collected from many investors.

If you invest for the first time at Lenndy don’t forget that you can get € 10 bonus if you invest minimum 100 EURO in one or more loans, more details HERE.

What type of investments can be made?

Investors can select among many loans issued by loan originators. Currently, our loan originators issue secured car loans, mortgage loans, invoice factoring or other business loans. Most of the loans have pledged collateral and buyback guarantee provided by respective loan originators.
There are two types of loans – 1) secured loans with collateral and 2) unsecured loans without any collateral. For secured loans collateral may be real estate in the case of a mortgage loan, a vehicle in the case of a car loan or equipment in the case of a business loan as well as many other types of collateral as indicated at the description of each loan.

Who is eligible to invest?

Both individuals and entities can invest through Lenndy. Individual investors must be at least 18 years old and have an active Paysera account with III or IV identification Level. Businesses can invest at Lenndy after the owner or the authorized person reaches Level III or Level IV at Paysera bank.

In what currencies can investments be made?

All investments are made in EURO.

Investing

Before the investment it is important to know:
1. the platform operators rules and loan and privacy policy;
2. the information about loan in which you want to invest:
– repayment conditions;
– obligations of all parties;
– pledged assets and other guarantors (e.g. personal guarantee);
– cases and sanctions of delays in the payment of contributions;

How the free registration works?

1. The investor registers to the platform.
2. Verifies the e-mail address.
3. Registers with the online bank „PAYSERA“ system and carry out the transfer to the platform account, this way confirming his identity.
4. The investor gets acquainted with submitted business loans on the platform.
5. Invests in selected business loan;
6. The investor can see all the information about the loans and contributions that are displayed in his account.

Loan originator‘s buyback guarantee is one of the key advantages for Lenndy investors, which means that loan originator buys back outstanding loan amount with interest from investors when borrower fails to pay for 60 days. Buyback guarantee is valid for loans with buyback icon.
When investing funds, you should be prepared to hold the investment through to its maturity date. However, Lenndy offers a secondary market that may provide liquidity in certain circumstances. Lenndy, as a market maker, may also buy back an investment by entering into a mutual agreement with you.
Also, keep in mind that sometimes you might receive monthly principal and interest payments, which will reduce your investment in a respective loan over time.

EstateGuru peer-to-peer cross-border lending marketplace overview

By MPI27th April 2018Peer-to-Peer Lending, Real estateEstateGuru, invest, investor, peer-to-peer lending, property, real estate investments

NEW: The peer-to-peer lending marketplace EstateGuru offers now a 0.5% bonus on all your investments made in the first 3 months. To receive it, you must register, comply with the terms and conditions and start investing. The bonus will be added to your investment account after the loan has been funded and transfered to the borrower.

EstateGuru is a leading Nordic online peer-to-peer lending platform established by property and FinTech professionals facilitating short- and mid-term property loans. The cross-border marketplace offers flexible terms for borrowers and premium interest to its investors. The loans of EUR 50 000- 3 000 000 facilitated through the EstateGuru platform are secured against property with a maximum LTV of 75%.

The mission of EstateGuru is to provide hassle free and flexible financing to property developers and entrepreneurs and property backed investment opportunities to its international investor base.

To date EstateGuru has been growing more than 300% a year and has established itself in Estonia, Latvia and Lithuania with more than 314 loans issued amounting to over €51 million. To date, EstateGuru has more than 11200 investors of different profile from 45 countries.

In the near future EstateGuru is launching the platform in Spain, Ireland and the UK.

How does it work?

A property owner, developer or entrepreneur proposes a business case for which they need funding. The professional team at EstateGuru will examine the application, and commission an independent valuation by a recognized third party.

If the independent review of the value of security, and the analysis of EstateGuru team’s due diligence, including of the borrower business plan and exit strategy is positive, the loan will be opened for investment. Within ten days of funding being successfully achieved through the platform, EstateGuru will set a charge on the property, releasing the funds to the borrower.

At EstateGuru Lenders earn interest on a monthly basis through the term of the loan, at rates that exceed most of the standard investment vehicles. Borrowers can quickly and efficiently raise competitively priced capital to bring their projects to life. Asset backed investing and borrowing has never been easier.

Who is eligible to invest?

You must be at least 18 years old and have a bank account any of the EEA member states or in Switzerland in order to lend through EstateGuru. EstateGuru also have to perform certain “know your customer” checks on you before you can start investing.

Using this referral link when you signup you will receive a 0.5% bonus of the total amount invested within the first three months.

What type of projects can be founded on EstateGuru?

Real estate projects in Estonia, Latvia or Lithuania which are approved by our team can access funding through EstateGuru. However, there is no limitation on the type of projects that can be submitted for approval. As long as the project has a property element to it and the property is capable of being used as security for the debt, please feel free to submit it for approval.

Investing

EstateGuru makes it easy for investors to access a variety of real estate investments with a relatively small amount of capital. The minimum amount for investment is €50, which enables to create a diversified portfolio. All loans are secured with a mortgage.

The minimum investment amount is €50 and no fees apply to investors. All expenses are covered by the borrower.

Both manual and auto-investment are availabile. Auto Invest is a feature that allows you to invest your funds automatically in all loans available for investing on the EstateGuru platform.

The main keywords for the Auto Invest feature are comfort, speed and automatization.

• Auto Invest ensures you will not miss an investment opportunity due to high demand and the investment will be placed based on your chosen criteria automatically, without you having to stress about it;

• Auto Invest enables you to build a diversified portfolio, in which all the projects are chosen by a professional team who stands for the success of your investments;

• Auto Invest enables you to reinvest your income at the earliest opportunity. This way you start earning interest on committed funds as soon as possible.

EstateGuru in numbers

Money lent: 52 579 833 EUR
Total value of propertie funded: 101 878 932 EUR
Number of funded loans: 324
Number of repaid loans: 127
Number of loans in default: 2
Recovered loans: 1
Registered investors from 45 countries: 11 638
Historical annual return of repaid loans since 2014: 12.44%

PeerBerry peer-to-peer lending marketplace overview

By MPI26th April 2018Peer-to-Peer LendingAventus Group, buyback guarantee, cancel investment, investment, investor, loan originator, marketplace, peer-to-peer lending, PeerBerry, Pożyczka Plus, Pujcka7, Smart Pożyczka, SOSCredit

PeerBerry launched on the 1st of November 2017 with loans originated primarily by Aventus Group and its subsidiaries. Since, they have started adding other credible European loan originators to diversify the investment opportunities. PeerBerry strongly believes that passive income guarantees stable economy and better lifestyle hence their mission is to bring passive income to everyone.

Aventus Group is an international successful payday lender, founded in 2009. Profitable from its first year of operations, Aventus Group has created the team of experienced specialists and now holding strong positions in the Czech Republic, Latvia, Poland, Georgia, Ukraine, Kazakhstan and Moldova. The company puts a strong emphasis on responsible lending. Aventus Group brings to PeerBerry 3 leading loan originators from across Europe.

PeerBerry is a peer-to-peer marketplace for private lenders to invest into loans originating from non-banking lenders – the Aventus Group and its daughter companies. Portfolios of non-banking borrower requests mainly consist of short-term consumer loan requests across Europe. Unlike traditional banking they offer private investors access to the non-banking lending sector.

Who is eligible to invest?

Individuals and companies from within European Union can become investors at PeerBerry. Join us: complete a short registration form and activate your investor account by depositing initial funds. Keep in mind that you must be at least 18 years old, and that we only accept deposits from credit, payment or electronic money institutions within the European Union.

In what currencies can investments be made?

Investor Account can be opened only in EUR, but they accept deposits in all currencies. Payments received in currencies other than EUR will be converted to EUR according to the Swedbank currency exchange rates.

How can funds be transfered?

You can transfer money to your investor account from your bank account registered in European Union. Transfers in EUR can be done easily and at low cost using SEPA (Single Euro Payments Area) transfers.

Investing

Both manual and auto-investment are availabile. All loans come with a 60 days buyback guarantee. PeerBerry will buyback loans (principal amount and accrued interest for full term), if a borrower is over 60 days late with the repayment.

Auto Invest automatically implements your chosen investment strategy. After you have entered your investment criteria, Auto Invest will automatically invest in suitable loans. You can access Auto Invest at any time and follow your portfolio activity in real time to make sure it is working according to your investment goals. Auto Invest is a very efficient tool for saving time spent on investing activities.

You can pause or cancel Auto Invest at any time.

Once you have confirmed your investment criteria, Auto Invest will review loan listings and invest funds in loans that meet your preferences. Auto Invest will continue to automatically analyze and invest in suitable new loans as soon as they are listed. If you change any Auto Invest setting, all available loan listings will be rechecked to make sure they meet your investment criteria.

Can investors cancel the investments?

For investments to long term loans investors have an option to use “Sell back”. Sell back means that you will get invested money into particular loan and counted interest after 14 days the Sell back option is activated. For this service extra fee will be charged. Unfortunatelly, approved investments to short term loans cannot be cancelled. To get your funds back you need to wait until the loan agreement is closed or a Buyback Guarantee is activated.

Loan originators

Pujcka7

Pujcka7 has been operating on the Czech Republic market since 2012. The company is a member of the APNÚ (Association of Non-Bank Loans Providers). Pujcka7 pays great attention to the assessment of clients’ finances and commitments. Since the beginning more than 70 000 satisfied clients have put trust in their services. Not in vain the company is recognized as one of the most favorable non-bank loans lenders in Czech market.

Key figures of Pujcka7:

Amount of issued loans in 2017: 94.038.637 CZK;

Revenue in 2017: 45.074.452 CZK;

Active portfolio at the end of 2017 (where overdue is less than 90 days): 21.456.509 CZK.

Smart Pożyczka

Smart Pożyczka was launched 4 years ago in Poland. From the beginning, the company has focused on innovative IT solutions and big data analysis for effective risk management. The company is proud of reliable clients and their feedback which encourages daily improvement. Over 60% of customers come back to Smart Pożyczka and use smart and simple way to take repeated loans.

Key figures of Smart Pożyczka:

Amount of issued loans in 2017: 54.291.475 PLN;

Revenue in 2017: 16.994.631 PLN;

Active portfolio at the end of 2017 (where overdue is less than 90 days): 11.899.558 PLN.

Pożyczka Plus

Pożyczka Plus is a consumer loan provider profitably operating in Poland since 2012. The company is a member of Loan Companies Association and has won numerous awards in the local market. Since launch, Pożyczka Plus has granted loans to over than 250 thousand customers. In past years the company increased its market share by 15%. The customers are highly satisfied with a trustworthy, innovative and fast service. Consequently, Pożyczka Plus is one of the most innovative lenders in Poland.

Key figures of Pożyczka Plus:

Amount of issued loans in 2017: 47.695.134 PLN;

Revenue in 2017: 14.929.806 PLN;

Active portfolio at the end of 2017 (where overdue is less than 90 days): 10.453.778 PLN.

SOSCredit

Despite strong competition in just a few years after launch SOSCredit has established itself as one of the key players in the Czech Republic and is highly rated by its clients. SOSCredit has managed to achieve this through innovative IT solutions that enable quick and reliable risk assessment and loan decisions in just 15 minutes. Customers love the speed, quality customer service and transparency with no hidden fees or commission.

Key figures of SOSCredit:

Amount of issued loans in 2017: 65.637.700 CZK;

Revenue in 2017: 37.728.388 CZK;

Active portfolio at the end of 2017 (where overdue is less than 90 days): 19.385.621 CZK.

ViaInvest peer-to-peer lending marketplace overview

By MPI24th April 2018Peer-to-Peer LendingDouble Tax Treaty, EUR, investor, loan originator, peer-to-peer lending, Tax Certificate, VIA SMS group, ViaInvest

VIAINVEST is a peer-to-peer marketplace for private lenders to invest into loans originating from non-banking lenders – the VIA SMS Group and its daughter companies. Portfolios of non-banking borrower claims mainly consist of consumer loan requests across Europe.

Unlike traditional banking VIAINVEST offers private investors access to the non-banking lending sector through a simple process.

Borrowers request funding from the VIA SMS Group, the active contract automatically is then mirrored on VIAINVEST making it available for public investment. Each investor has full control of how much he wants to invest, to whom and in which loan. VIAINVEST guarantees a transparent investment environment and full investor support at any time.

VIAINVEST is a part of VIA SMS group – financial services provider operating across Europe. Since its founding in 2008 the company currently operates in 5 countries and has grown into one of the leading European consumer lenders. Company headquarters are located in Riga, Latvia.

ViaInvest in numbers

Total value of issued loans in 2017: 96 813 701 EUR
Net loan portfolio in 2017: 18 022 102 EUR (+23%)
Average size of issued loan: 349 EUR
Average annualized interest rate on loans to customers: 115%
Revenue in 2017: 20 122 313 (+22%)
Non-performing loans to total issued loans: 6.5%
Total number of employees around the world: 157
Registered investor: 4696
Average investor deposit: 4256 EUR
Average interest rate of investments: 10.2%

Who is eligible to invest?

Both private and legal entities are welcome to become investors at VIAINVEST. To begin private investments as an individual, you must be at least 18 years old, must complete the registration process and make the first deposit to your VIAINVEST investor account (VIAINVEST accepts payments only from banks within the European Union). If personal information stated in your investor profile matches the bank information of the person transferring funds to the VIAINVEST platform, the investor profile becomes active and you are able to start investing.

Similar requirements also apply to the legal entities – to start investing, the legal entity must register to open the investor account and make the first deposit. If the information provided upon registration matches the company information appearing when transferring funds, investor account is confirmed. Payments made by legal entities are also accepted if transferred from the bank operating within the European Union.

In what currencies can investments be made?

Investor Account can be opened only in EUR, but VIAINVEST accepts deposits in all currencies. Payments received in currencies other than EUR will be converted to EUR according to the Swedbank currency exchange rates.

How can funds be transfered

Deposits to the investor account can be easily made by transferring funds to the ViaInvest bank account.

For investor identification purposes the first payment must be transferred from the personal investor bank account operating within European Union. The payments are processed within 2 work days.

Investing

In order to begin investing investors need to meet the minimum 2 requirements:

have an account on VIAINVEST,
have available funds on their VIAINVEST account.

There are two options how to make investments:

Manual investing – control what loan contracts you would like to invest into and how much:
1. browse the loans contract listing currently listed on VIAINVEST in the primary market section and pick and choose how you want to build your portfolio,
2. make full or partial investments into selected listings.
Auto-investing – save the time and invest into several loan contracts at once by letting the auto-invest feature to do the work for you:
1. set the preferred criteria for your auto-invest portfolio,
2. take your earnings and reinvest them into other loan contracts,
3. fully automate the investment process without having to log in, manage your investments by changing auto-invest criteria or cancelling this option at any time.

All investments are made in EUR.

Tax issues

As income generated on VIAINVEST is a subject of Withholding Tax, VIAINVEST offers investors to choose 2 ways how these commitments can be handled:

1. Withholding Tax can be applied to the income generated on VIAINVEST within the platform. If the investor does not provide required documents and agrees that his income will be taxed within the platform, no additional actions are required. Income generated on the platform will be taxed according to the legislation of the loan origin country.

2. For Withholding Tax not to be applied to the income within the platform, the investor must take full responsibility of handling these commitments by himself and provide (upload to the investor profile) the copy of personal Tax Certificate issued by the tax authority of the country of investor’s residence. Tax Certificate must be provided before making any investments. If the certificate is not provided all earnings will be taxed in accordance with the appropriate Double Tax Treaty. If the Tax Certificate is uploaded after some investments are made, previously withheld taxes will not be returned to the investor. Only investments that are made after the upload of the Tax Certificate will not be taxed on the platform.

To provide appropriate Tax certificate, please note that income generated on VIAINVEST are paid to investors by loan originators, not the platform itself. Tax Certificate confirms the existence of Double Taxation Convention between the country of investor tax residence and loan origination country/-ies (in this case – Czech Republic, Spain, Latvia). Without a Tax Certificate all earnings will be taxed in accordance with the legislation of the loan origin country – if the loan origin country is Czech Republic – Withholding Tax is 15%, if Spain – 19%, if Latvia – 23%, Poland – 19% for private individuals and 20% for legal entities. Please note that there may be specific cases where Tax/Residence Certificate foresees that investors still need to pay a part of taxes on the platform.

It is required for investors to provide separate Tax/Residence Certificates for each loan origin country. Tax/Residence Certificate must confirm the existence of the treaty for the avoidance of double taxation concluded between the countries of loan origin and investor tax residence.

Future plans

Expanding the loan originator list: currently there are 4 loan originators: VIA SMS Ltd. (SIA VIA SMS) in Latvia, VIACONTO MINICREDIT, S.L. in Spain, Via SMS s.r.o. in Czech Republic and VIA SMS PL Sp. z o.o. in Poland. ViaInvest will be introducing a new loan originator from Sweden soon.
Planning on launching a VIAINVEST mobile app, in the near future