Investment brokerage firm licence (IBF) has been obtained!

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We are more than happy to announce that in cooperation with the Financial and Capital Market Commission (FCMC) VIAINVEST has become a licensed participant of a regulated financial and capital market by obtaining an investment brokerage firm (IBF) licence. We are beyond excited to finally be regulated and operate under the supervision of FCMC.

New license also comes with benefits for investors – subject to the requirements of the Investor Protection Law, if the investment brokerage firm fails to provide investment services, retail investors are entitled to a compensation of 90% of the irrevocable loss, up to a limit of €20 000. 

The license authorizes VIAINVEST to provide the following investment services:

  • Acceptance and transmission of orders in respect of one or more financial instruments;
  • Execution of orders on behalf of clients;
  • Placement of financial instruments without commitment to redeem financial instruments.

And to provide the following ancillary services: 

  • Holding of financial instruments;
  • Initial placement of financial instruments;
  • Exchanging foreign currencies for the purpose of providing investment services. 

During the next week, we will also update the Regulations of the Investment Platform. Within the next 30 days from publication of amendments, both current and new versions of Regulations of the Investment Platform will be available on web page footer.
Within this period investors are entitled to inform VIAINVEST on any objections with respect to any Regulations of the Investment Platform amendments proposed by VIAINVEST. If no objections are received, they will enter into force and become binding to existing investors on the 31st day after its publication on the website.  

Issuance of the license marks the beginning of 6 months transition period within what VIAINVEST will gradually shift from selling claim rights to listing asset backed securities. For better user experience VIAINVEST intends to maintain the previous user interface as much as possible.

Please note that during the transitional period and previously concluded assignment contracts are not protected by these investor protection mechanisms, however our existing Buyback guarantee still applies to all consumer loans listed by our loan originators.

“We are now actively working on the development of a new system that will allow us to offer securities for investments, as well as polishing up information exchange between investors and the platform. The transition period will also be beneficial to investors as they will be able to test waters with new products, while still partly being invested in claim rights as used to. VIAINVEST aims to make the transition to the new system as smooth as possible, therefore we intend to maintain both – the existing design of the platform and the user interface. VIAINVEST has always constantly worked on innovations – to be ready to meet the requirements of a licensed investment brokerage firm, we have introduced improvements in KYC and AML procedures, so we hope that the transition to the new system will be efficient and fast,” explains Eduards Lapkovskis, Member of the Board of VIAINVEST.

To ensure safe investing in financial instruments and to be able to categorize investors according to MiFID II, all our new and existing investors should complete the Suitability and Appropriateness questionnaire as well as update information in the KYC questionnaire which will become available in a few upcoming months. 

IBF license: what do you need to know?

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This year is set to bring fundamental changes to the investing world as you know it – as the industry is shifting to a regulated and more transparent environment, we are beyond excited to announce that VIAINVEST is becoming a regulated member of the finance market by acquiring the investment brokerage firm (IBF) license in following months. So, what changes will the licensing bring? Continue reading IBF license: what do you need to know?

How Millennials Are Taking Major Industries by Storm

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The millennial generation is growing in influence around the world. For example, in the United States, more than 50% of the population is either part of the millennial generation/Gen Y or younger. In the EU, there were roughly 102 million millennials living in member countries as of 2017, representing one-fifth of the population. As of 2020, more than 20% of the global population falls under the millennial category, representing about 1.8 billion people around the world. Asia is out front for the millennial generation, with this segment comprising 24% of the continent’s total population. Continue reading How Millennials Are Taking Major Industries by Storm

VIAINVEST lists brand new business loan from Spain

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New season, new venture – VIA SMS Group never sleeps, so here comes the latest of company’s ventures and brand new investment opportunity for VIAINVEST community!

As Spain has always been on VIA SMS Group’s radar in terms of one business direction or another, the company has engaged in new partnership to enter the bridge lending segment by financing mortgage-backed non-performing real estate loans in Spain. Continue reading VIAINVEST lists brand new business loan from Spain

Fintech Trends on the Rise Across Europe

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Fintech, which is the intersection of finance and technology, came on the scene more than a decade ago but it is gaining even more momentum in 2021. No longer are fintech firms just coming on the scene and trying to muscle their way into the bigger landscape. Now they have become the trendsetters whose innovation is sought after by even the largest tech firms and financial institutions.  Continue reading Fintech Trends on the Rise Across Europe

Philippines Economic Outlook for Consumer Lending Investors

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The Philippines is a country situated in South East Asia, rich in history, diversity, challenges and opportunities. It has a strong international presence and the World Bank describes it as “one of the most dynamic economies in the East Asia Pacific region,” while its household consumption drives about 70 percent of the entire economy as of 2020 according to a report from Bloomberg. Continue reading Philippines Economic Outlook for Consumer Lending Investors

Is Europe Financially Literate?

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Nearly everyone throughout the world needs to interact with money in some way or another for them to survive. We work to earn and then pay to maintain our way of life. How we manage that way of life is often what we have most control over.
To that end, the smart or responsible way of managing your personal finances in your daily life is based on how well informed you are about the subject matter. This is known as being financially literate and being able to apply your knowledge thereof often determines or measures just how well versed or financially literate you really are. Continue reading Is Europe Financially Literate?

VIAINVEST adds new business loan aiming to finance consumer lending business development in Philippines

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You may remember that some time ago VIA SMS Group was actively collecting funds on VIAINVEST to develop a consumer lending brand in Vietnam together with TWINO. While is blooming and strengthening its position in Vietnamese consumer lending market, VIA SMS Group has taken on a new challenge to continue its Asia-Pacific expansion and enter the Philippines with yet another consumer lending brand – To speed up the business development, VIA SMS Group is looking for additional funding sources, so VIAINVEST has listed a brand-new business loan by offering its investors an opportunity to participate in this exciting business venture. Collected funds will be later issued as a loan to the Vamo Lending Inc. (registration No. in Philippines: CS20200000915) which is executing the Group’s business activities in the Philippines. Continue reading VIAINVEST adds new business loan aiming to finance consumer lending business development in Philippines

The Rise of the Contactless Payments Era

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Cash has always been the king, but consumers have grown weary of digging in their pockets for spare change for fare or carrying a cash horde around with them. Now that people can make an online purchase with the click of a button, they are looking for the same type of convenience when shopping at the till in a brick-and-mortar store. Having to enter a PIN invites germs, slows the process down, and makes the line move slower, all of which are frowned upon now that mobile and contactless payments have come on the scene. Continue reading The Rise of the Contactless Payments Era