Tag Archives: peer-to-peer lending

Bondora today launched its “Go & Grow” program for all users

By News, Peer-to-Peer Lending, Smart money, , , , , , , , ,

Bondora logo

Bondora today launched its “Go & Grow” program for all users on the platform and for new users, offering a return of over 6% per year and the ability to liquidate the investment instantly, thus providing a new tool that has never been met at any  peer-to-peer platform, to have almost instant access to the investments made and a much higher return than the bank deposits (similar to the liquidity of this investment facility).

Go & Grow is an incredibly simple and automated service that allows you to earn 6.75%* p.a. on your investment and take your cash out at any time. This is for the people who want low risk and ‘no-hassle’ investing with a predictable net return.

The main benefits of Go & Grow is that you can withdraw your funds at any time. You can set up a new account and call it a unique name, whether you’re using Go & Grow for your new dream home, your emergency fund or enev for that trip to Asia you’ve always wanted to do.

You can share acces to your Go & Grow account with someone you trust. Once you have created your own account, simply select “Invite to Go & Grow” then add their name and email address. You also have the option to give this person the authority to withdraw from the account, but this is not mandatory.

What are the benefits?

  • 6.75%* yield
  • Instant liquidity
  • Low risk –  A diversified portfolio of investments supported by advanced and reliable technology
  • You only pay tax when you make a withdrawal over your capital amount invested

Additional benefits?

  • Transfer your existing Bondora investment portfolio to Go & Grow
  • You can set up an auto-transfer from your existing portfolio to Go & Grow
  • A flat €1 withdrawal fee, no matter the size of the account
  • Great for beginners
  • No annual management fees
  • Share access to your Go & Grow account with the people you trust

How to transfer the existing Bondora investment portfolio to Go & Grow?

All you need to do is create a new Go & Grow account, then click on the small settings icon an click on “Add existing investments”. Then you will receive an offer from Bondora to liquiidate your existing portfolio based on the current portfolio value, however, it may be at lower amount. If you accespt, Bodora will transfer your portfolio to Go & Grow.

Is the rate of 6.75% guaranteed?

The rate is not guaranteed, however, the average net return on the Bondora platform is much higher than this. With this and our 10-year track record in mind, we’re confident the rate of 6.75%* is achievable with the benefit of instant liquidity to investors.

The net return is capped at 6.75%* – all excess returns over this percentage are reinvested to ensure you can earn the rate of 6.75%* going forward, despite there being no guarantee in place.

How investors will be taxed for this?  

You only pay tax on the money you withdraw which is over the total amount you have paid in. For example, if you invest €1,000 then anything you withdraw up to €1,000 is considered as a principal withdrawal, anything above €1,000 is considered as interest.

All payments made to your Go & Grow account are regarded as one investment, although the funds have been used to acquire individual claims. This is irrespective of when and in how many parts you paid cash into your Go & Grow account.

Bondora “Go & Grow”, announced a long time ago, was reserved for a number of existing investors. There’s been a huge amount of excitement around this product within the P2P community. As it stands, approximately 1,000 investors have deposited an average of € 1,000 each in their Go & Grow account.

The best part? You do not need any prior experience in investing or P2P to use Go & Grow, so whether you’re a retiree living in the Estonian countryside or an 18-year-old student in Berlin who’s new to the world of investing, Go & Grow is for you.

What’s more, you can invite someone you trust to join your Go & Grow account with you so you can invest for a shared goal, like a trip around the world, a wedding or even your child’s future.

 

Mogo has just launched its Georgia-issued secured car loans on Mintos p2p lending marketplace

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

Mintos logo

Mogo is now offering investors even more investment opportunities on the marketplace, as Mogo Georgia has just launched on Mintos. Mogo is the largest non-bank car loan provider in the Baltic region, and Mogo Georgia is a market leader for non-bank car loans in Georgia. Investors can now invest in its Georgia-issued secured car loans listed in Euro (EUR) and Georgian lari (GEL) on the marketplace.

Established in 2012, Mogo’s business model is based on its fast customer service and open communication. As a result, the company has more than 40 000 clients worldwide. Headquartered in Latvia, it also has operations in Albania, Armenia, Bulgaria, Estonia, Georgia, Lithuania, Moldova, Poland and Romania.

The average Georgia-issued car loan from Mogo is around EUR 1 500 and GEL 4 500, with a typical repayment period of 33 months. Investors can expect an annual net return of up to 14% for its loans listed in EUR loans and up to 18% for its GEL loans.

To maintain its skin in the game, Mogo will keep 5% of each loan. All Georgia-issued loans from the company are secured with a buyback guarantee and will be repurchased if a loan is delinquent for 60 days or more.

Mogo Georgia was founded in June 2014 and has since issued 35 781 loans worth more than EUR 55.7 million. The company offers residents of Georgia car loans with repayment periods up to 72 months and allows borrowers to receive their loan on the same day of their application.

The typical borrower from Mogo Georgia is a male who is 32 years of age. He has a regular income and is approaching Mogo because he wants a simple, fast and hassle-free service. Whilst a bank is the cheaper option to receive a loan in Georgia, they also require many documents and there can be a lengthy waiting time to receive the funds. Banks also try to avoid supplying financing for used cars and only disburse these loans for their long-term clients. Therefore, Mogo is the fastest way to buy a car with minimal down-payment, as well as receive a loan quickly by using your car as collateral.

Mogo launched on Mintos in 2015 and so far around EUR 132 million has been invested in its loans on the marketplace. In addition to the Georgia-issued loans, Mogo also offers you the opportunity to invest in its loans from Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania, as well as unsecured personal loans from Latvia, on Mintos. These investment opportunities are now available in four currencies – EUR, British pound (GBP), GEL and Polish zloty (PLN).

Grupeer peer-to-peer lending marketplace overview

By News, Peer-to-Peer Lending, Real estate, , , , , , ,

Grupeer logo

Grupeer platform is an electronic trading place that provides an opportunity to invest your free funds in secured loans. The services offered by the Platform are the servicing of claim right acquisition deals, i.e. the Platform brings together two independent participants of the deal – the  seller of the claim rights (credit company or investment company) and their buyer.

Grupeer Platform operates in the jurisdiction of the Republic of Latvia.

In Latvia, no unified normative regulation of mutual loans or financing with a pool is developed, therefore the services of the Platform are not subject to control of a single normative act, but are subject to a set of laws and regulations of the Republic of Latvia and directives of the European Union.

The Civil Law of the Republic of Latvia does not prohibit the holder of a debt claim from selling a part of it to another person. Moreover, the holder of the debt claim has the right not only to sell the entire debt claim in the whole, but also to assign/sell a part of it.

The Platform does not carry out activities falling under the definition of a credit institution or payment system in terms of Latvian and European legislation.

Who is eligible to invest?

Both private investors and legal entities that wish to receive passive income from their investments will be able to achieve annual profits of up to 15%.

In accordance with AML (Anti Money Laundering) legal requirements Grupeer accept money transfers from accounts opened with licensed credit institutions in the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. Accordingly, citizens / residents of these countries can register and make investments through the Grupeer Platform. In order to register and close deals, you need to be an adult capable person with a bank account.

The credit company, which issued a certain loan, remains interested in repayment and payment schedule compliance because this organization is the holder of the main debt claim.

Each registered Platform user can see all the information on a particular loan: the amount and purpose of the loan, the availability of collateral, the maturity date and the payment schedule. You independently analyze the information and decide how to direct your capital investment.

For example, you can repurchase the whole loan from the chosen creditor or only a certain part of it. All the time while payments on this loan are received the investor receives his profit, which is proportional to his investment share. At the same time, you can distribute your capital between several credit organizations – to invest in various types of loans, in different countries and for different borrowers.

In what currencies can investments be made?

The Platform makes settlements in euros (EUR). If the base currency of your current account is another currency, then before making a payment, you need to convert it into euro. In case of receiving funds in another currency, the Platform is entitled to return such a payment, retaining the commission in accordance with the bank’s tariffs, or convert them into euros at the current exchange rate of its bank.

How can funds be transfered?

The only possible means of payment at the moment is bank transfer. This is due to AML (Anti Money Laundering) legislation requirements. Grupeer accept money transfers from accounts opened with licensed credit institutions of the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. For security purposes, withdrawal of funds is possible only to a confirmed bank account, i.e. the account which you transferred funds from to Platform bank account and which your user identification number is associated with.

Investing

Grupeer Platform provides an opportunity to invest in loans issued by credit market professionals – credit institutions and investment funds. For all loans, the borrower’s solvency has been assessed, and appropriate scoring and compliance procedures have been carried out.

A Platform user acquires a claim right to the borrower, thereby becoming a joint claim right holder. The credit company by means of such deals refinances a part of its loan portfolio, getting resources for further development.

The credit institution continues to administrate the loan, including receiving borrower’s payments, while paying to the investors their joint share in accordance with the amount of their claim right the borrower they acquired.

On the Platform two types of loans are offered: loans issued by credit institutions to individuals, and loans issued to enterprises. The loans, related to development projects, issued to companies specializing in real estate development projects, stand as a separate category. In all cases, despite the sale of part of the claim right (the so-called “investment in a loan”), the credit company remains the holder of the main debt claim, thus it is interested in following the payment schedule and repaying the loan by the borrower.

For each loan offered on the Platform, specific information is provided, including the purpose and amount of the loan, maturity date, type of payment schedule and availability of collateral. The user independently evaluates and decides which loan to invest in.

Investments in development objects offered by Grupeer Platform are also executed through already issued loans, by means of acquiring a claim right, and from legal point of view they do not differ from investing in other loans. A classic example is the situation when a loan issued to developer for acquiring a land plot (bringing communications, developing a technical project, etc.) is refinanced in this manner. In practice, these loans have the nature of interim financing (so-called bridge loans), with a 1-2-year term – usually this period is required to complete the “zero cycle” of construction, after which the object, having at this stage a much higher market value, is refinanced by the bank and partly – by real estate buyers through pre-sales in case of a residential project. Such a model is typical for many EU countries, for example, Germany.

To begin work on the Platform, you need to transfer an amount which is not less than the minimum investment amount (10 euros).

At the moment, the limit of incoming payments from a registered Grupeer user to Platform bank account is 50,000 euros per month. If you wish to invest a larger amount, you will need to provide the bank with additional information.

 

 

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

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

Mintos logo

The Mintos peer-to-peer lending marketplace is continuing to expand rapidly and they launch the first loan originator from Mexico offering loans for investment in Mexican peso (MXN). Credilikeme is one of the most innovative loan originators in Mexico, offering personal loans to Mexican citizens online and through its immersive mobile app which uses gamification features. The company offers investors the chance to invest in its personal loans from Mexico listed in MXN with expected net annual returns of 16%.

Credilikeme was established in 2012 and has issued more than 35 000 loans since then. The company is completely online and issues loans through its website and mobile app. Credilikeme prides itself on its unique business model and aims to provide a lifestyle-like experience with its mobile app.

“Partnerships between fintech companies is all about creating value for the industry. Mintos and Credilikeme are both important parts of the credit distribution value chain. Our partnership is all about liberating loan distribution and underwriting in Mexico, so we can give access to our borrowers and have a positive impact on their lives,” said Jorge Enriquez, Co-founder and CEO of Credilikeme.

Mexico-issued loans on Mintos from Credilikeme range from around MXN 3 700 to 19 000. The repayment period ranges from one to seven months and borrowers repay their loans in fortnightly instalments. You can expect a yearly net return of up to 16%.

The company will maintain 20% of each loan placed on Mintos on its balance sheet to keep its skin in the game, as well as only offer loans from repeat borrowers who have proven to be reliable in meeting their payment deadlines on the marketplace. All loans from Credilikeme come with a buyback guarantee, so loans that may become delinquent after 60 days or more will be bought back by the company.

The typical borrower of Credilikeme is a Mexican citizen aged between 21 and 45. They usually take out a loan for emergency expenses or working capital for a business.

As of February 2018, the company has distributed MXN 100 million (around EUR 4.5 million) worth of loans since its inception. In the past year, it had a revenue of MXN 11 million (around EUR 493 000). The company had an outstanding net loan portfolio of MXN 4.8 million (EUR 215 000) as of January 2018. Credilikeme is backed by well-known companies as investors, including Grupo Kaluz, a large banking and industrial group with operations in Mexico and Credito Real, one of Mexico’s largest offline payroll lenders.

According to the Americas Alternative Finance Industry Report, Mexico accounted for the highest total alternative finance market volume in Latin America and the Caribbean in 2016 (USD 114.2 million). Mexico was the third most active country in this region, following Chile and Brazil and has an annual growth rate of 730%. Marketplace and P2P Business Lending was the largest section of the alternative finance industry in Mexico.

The Mogo cashback campaign on Mintos p2p lending marketplace has been extended until June

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

Mintos logo

Mogo is yet again extending its cashback campaign on Mintos peer-to-peer lending marketplace! Now, until June 16, 2018, you can earn a cashback of up to 5% if you invest in its loans with a maturity of one year or more.

You will get a cashback of:

– 1% for investing in Mogo loans with a maturity of 12 to 23 months;

– 2% for investing in Mogo loans with a maturity of 24 to 35 months;

– 3% for investing in Mogo loans with a maturity of 36 to 47 months;

– 4% for investing in Mogo loans with a maturity of 48 to 59 months;

– 5% for investing in Mogo loans with a maturity of 60 months or more.

To be eligible for the cashback campaign, make sure you enrol in the campaign first before you make your investments.

Only investments made on the Mintos primary market qualify.

 

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

Mintos has reached profitability in 2017 – Projections for 2018

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Mintos logo

After three years since the launch, Mintos has turned an annual profit for the first time. In 2017, Mintos revenue increased more than four-fold to over EUR 2.1 million and net profit was EUR 196 000.

During 2017, Mintos experienced significant growth, making it the peer-to-peer lending market leader for continental Europe with a 38% market share according to AltFi Data. Since their establishment, Mintos have exceeded EUR 660 million in cumulative investments by investors and they expect the amount of loans funded to reach EUR 1 billion by the end of the year.

“Last year was a strong year for us and we established ourselves as a leading player internationally. We are very pleased to see that our business model is working and that we have reached profitability in only three years after launch, which these days isn’t that typical for startups,” says CEO and Co-founder of Mintos, Martins Sulte.

In 2017, Mintos made considerable investments in technology, people and the marketplace, making their service even more convenient for investors on Mintos. Last year they launched a currency exchange featuring transparent exchange rates and fair fees, which allows investors to exchange money at a lower cost than through banks. As a result of this investment in growth, the number of investors on Mintos also grew rapidly. As of May 2018, 58 000 investors had joined the marketplace and we expect to reach 100 000 investors by the end of the year.

Currently, Mintos has three offices employing 50 people in Riga, Warsaw and Mexico City, with offices shortly opening in Brazil, Russia and South East Asia. By the end of the year, they plan to double the number of their employees.

“… for us at the moment growth is more important than becoming a profitable business. With the proven success of our business model, we will continue to invest in technology and product and double our headcount by the end of the year. That will allow us to double down on our mission to enable the free and efficient movement of capital around the world with the help of technology,” says CEO and Co-founder of Mintos, Martins Sulte.

Mintos strategy is growth at an ambitious, but steady pace – thus ensuring their sustainable development. According to projections in 2018, the marketplace turnover will increase by 2 to 3 times. In 2018, they will focus on growing both sides of the marketplace by increasing investor demand, as well as loan supply from current and new locations by expanding the investment opportunities on the marketplace in Africa, Latin America, and Southeast Asia.

There are now more investment opportunities from Moldova on Mintos p2p marketplace

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

Mintos logo

The Mintos marketplace just got bigger as IuteCredit Group now offers personal loans for investment in Moldova. This is in addition to IuteCredit personal loans issued in Albania already on the marketplace.

IuteCredit Group was founded in 2008 and operates in Moldova, Albania, Macedonia and Kosovo. The Group has a loan portfolio of EUR 20 million and has helped more than 170 000 customers. It aims to be the fastest and most efficient personal loan provider in the region.

“IuteCredit is a fast growing company and we appreciate the speed, flexibility and diversification in our funding. Investors on Mintos will allow IuteCredit Moldova to be more dynamic and disburse loans quicker and in greater volumes, which will allow the company to continue growing. We really appreciate Mintos as a marketplace which brings together the interests of different players of the market: investors, lenders and customers,” Stanislav Tuzlucov, CEO of IuteCredit Moldova.

The average Moldova-issued loan on Mintos from IuteCredit will be EUR 400 with a repayment period of 13 months. The expected return for investors will be up to 12%.

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

IuteCredit Group started its operations in Moldova in 2008. It is currently one of the alternative finance market leaders in the country. Since its inception, more than 200 000 loans have been issued in Moldova worth more than EUR 60 million. The typical borrower for IuteCredit Moldova is between 18 to 68 years old and borrows an average amount of EUR 400 for personal needs.

The group has been profitable since 2010. Currently, IuteCredit Moldova has 41 000 customers. The average maturity of loans is 13 months, and the annual percentage rate (APR) is 74%.

IuteCredit joined Mintos in June 2017 offering to invest in personal loans issued in Albania. To date, EUR 4 million has been financed through the marketplace.

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

1pm now offers on Mintos p2p lending marketplace the chance to select loans based on risk categories

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Mintos logo

1pm is the latest loan originator to offer Mintos investors the opportunity to select its loans for investment based on loan risk categories. The inclusion of the risk categories will allow you to make a more informed investment decision and, therefore, increase your chances of success.

1pm was the first loan originator from the United Kingdom to launch on Mintos, offering its business loans for investment. Now you can select your investments in its loans based on its five risk categories which assess the likelihood of the borrower defaulting on their loan. The link between the borrower default rate and the risk categories is based on real-world statistics collected by a variety of credit agencies. These agencies collect extensive global credit reporting information and compare the company’s who default based on industry and size amongst other factors to forecast which company’s are the most likely to default within the next 12 months.

Category Scoring EABDR*
Very low risk 71 – 100 0.09%
Low risk 51 – 70 0.30%
Moderate risk 30 – 50 0.46%
High risk 21 – 29 2.32%
Very high risk 1 – 20 8.37%

*Expected Annual Bad Debt Rate

1pm bases its risk categories on the size of the business determined by the criteria of Companies House – a United Kingdom government department which incorporates and dissolves limited companies, examines and stores company information and makes it available for the public. Other factors taken into consideration when assessing the creditworthiness of a borrower is information on the business, commercial track records, directors, consumer track records, financial trend information, payment performance, company size, age of business, industry sector, geographical region and management and owners of the business.

The inclusion of the risk categories will allow you to make a more informed investment decision and increase your chances of success.

1pm was founded in 2000 and listed on the London Stock Exchange in 2006. The company offers many finance solutions to SMEs within the United Kingdom including asset and vehicle finance, hire purchase, commercial loans and invoice financing. It is dedicated to helping the United Kingdom’s economy grow by providing finance to businesses. The company joined Mintos in February 2018.

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

By Peer-to-Peer Lending, Real estate, , , , ,

 

EstateGuru New Logo

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

PeerBerry logo

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.

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