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Merely seven months after the launch, peer-to-peer lending platform VIAINVEST has reached a milestone of 10 million EUR loans funded through its platform. Listed consumer loans issued by the alternative financial services provider VIA SMS Group in Czech Republic, Poland, Latvia and Spain were funded by investors from more than 30 countries.
Peer-to-peer lending platform VIAINVEST was launched in December 2016 and has grown significantly since then. "We are excited to be a part of a continuously growing peer-to-peer and fintech community," says Eduards Lapkovskis, CEO of VIAINVEST. "Success of VIAINVEST shows that we have set the right goal - to deliver outstanding investor support service and bring added value instead of focusing on quantity. Currently, VIAINVEST offers unique investment portfolio and provides a solution to help investors manage tax issues arising from investing in the platform."
While Germany remains the capital of peer-to-peer investors amounting to 44% of the total number of investors registered on VIAINVEST, Latvia and Estonia has also proved their interest in fintech and ranks, respectively, second with 11% and third - with 9% of the total number of investors. The average deposit on the platform is EUR 4136, and to date, VIAINVEST has paid out almost EUR 85 000 in interest.
In the nearest future, VIAINVEST is planning to expand its investment portfolio with new loan originators as well as developing several features to make investing more convenient, even when using mobile devices.
VIAINVEST is a part of the alternative financial services provider VIA SMS Group operating across Europe. VIAINVEST offers both private individuals and legal entities to invest in consumer loans originated by VIA SMS Group subsidiaries in Latvia, Czech Republic, Poland and Spain.
VIAINVEST is growing rapidly and we are happy to announce that in following days our investment portfolio will be expanded with loans originated in Poland by VIASMS.pl!
To ensure full transparency and most favorable investment environment, we would like to inform you that there will be changes applied to the traditional order of investing in claim rights originated in Poland. To avoid negative tax consequences, in particular possible imposition of the Tax on Civil Law Transactions to the investor resulting in change of ownership title, VIAINVEST has developed a new model of the funding of claim rights. Investor and Polish loan originator relations will be defined by the Loan Agreement (instead of the Assignment Agreement), where the investor will act as the lender, but loan originator - as the debtor. To show differences between the traditional Assignment Agreement and the Loan Agreement that will currently be applied exclusively to loans originated in Poland, we have prepared a comparison of both types of the agreement:
(for investments in claim rights originated in countries currently listed)
(for investments in claim rights originated in Poland)
|The subject of the Agreement||By transferring the funds into the Platform's bank account and choosing the fraction of the particular claim right exhibited in the Platform, Investor (Assignee) becomes the owner of claim right originated by the Loan Originator.||Investor (Lender) via Platform bank account lends money secured by the collateral of prefunded loans. Borrowed funds will be further distributed across general loan originator business operations. The appropriate part of the particular claim right equal to the amount of the Loan serves as a loan's collateral.|
|The Investor's reward||The Investor will receive the fee for the use of Investor's funds invested when buying the Claim rights during the validity of the Assignment Agreement.||The investor will receive the interest for the use of Investor's funds invested by entering into the Loan Agreement via investment platform.|
|The ownership title of claim rights||The Investor becomes the owner of the fraction of the Claim rights, though Loan Originator is the one who continues to manage distributed loans with the borrowers based on the authorization provided by the Investor.||The owner of the claim rights remains the Loan Originator. In the case of Loan originator's default, the collateral is executed, and the Lender becomes the owner of the claim rights equal to the Loan amount.|
|The case of the Borrower default||If the Borrower delays its payment for more than 30 days, the Loan Originator undertakes to buy back the right to the claim.||If the Borrower delays its payment for more than 30 days, the Loan Originator repays the loan principal and calculated interest to the Lender.|
|The case of the loan repayment date prolongation by the Borrower||The Assignment Agreement validity date will be prolonged respectively.||The Loan Agreement due date will be prolonged accordingly.|
|The case of the Loan originator default||The guarantee agreement between parent company VIA SMS Group and the Loan Originator is concluded, therefore VIA SMS group will settle outstanding liabilities.||The guarantee agreement between parent company VIA SMS Group and the Loan Originator is concluded, therefore VIA SMS group will settle outstanding liabilities.|
|The reward payment order||The fee and the appropriate part of the assignment amount (if received from the Borrower) are paid out to the Investor in the following cases:
||The interest and the appropriate part of the loan principal (if received from the Borrower) is paid out to the Investor in the following cases:
|Taxation||WHT will be applied at the moment when the fee is paid out to the Investor.||WHT will be applied at the moment when the interest is paid out to the Investor.|
|Investor's expenses when entering into the agreement||None||None|
Please note that the existing VIAINVEST User Agreement will be also updated according to the new model of funding claim rights. Both current and updated version of the Loan Agreement will shortly be available on VIAINVEST webpage. New version will come into force within 30 days.
We will be happy to answer any questions that may arise!
Explore wide investment opportunities with VIAINVEST!
This seemed to be the most wanted feature on VIAINVEST, so we are excited to announce that VIAINVEST investment environment has become even more convenient - investors are able to download their account statement at any time! This feature is available for all investors and reflects information on transactions to date - both transaction and value dates, transaction type, loan origin country, loan ID, as well as the amount of the transaction. You can easily download your investor account statement by browsing the Statement section in your investor account or by taking a shortcut!
Also, to avoid any misunderstandings with transaction dates, all transactions in your regular account summary sent out by e-mail will be listed with the transaction date, not the value date.
The first three months of operation have been highly productive for VIAINVEST - 1 000 000 EUR invested into consumer loans through the platform. The great activity of investors once again proves the growing demand for alternative investment opportunities as well as the role of Latvia in the European fintech community.
VIAINVEST is a peer to peer lending platform providing alternative online investment opportunities - both private individuals and legal entities are welcome to invest in consumer loans originated by the VIA SMS Group and its daughter companies operating across Europe. Since launch, VIAINVEST has significantly increased its investment portfolio and currently boasts an offer of up to 12,2% annual return to its investors.
Eduards Lapkovskis, CEO of VIAINVEST: "We are pleased with what we have achieved in these first months after launch - if we take into account that the number of peer to peer lending market participants has raised noticeably, funding one million euros of loans within such a short period of time is a significant success. Our main priority is to ensure outstanding investor support as well as a seamless investing experience to build a trustful relationship with all our clients. The first milestone proves that we are on the right track!"
Since the launch of the company in December of 2016, the development of VIAINVEST has never stopped. "The truth is that you can find gaps or opportunities for development only when the platform is live - when real investors come in, try the features and share their experience. The majority of our investors come from German-speaking countries and traditionally pay significant attention to the details especially when it comes to their finance management. In response to the high demand we now offer the possibility to browse VIAINVEST in German." says Eduards, adding that VIAINVEST will soon also be available in Latvian. "We welcome any feedback from investors because we believe that a platform bringing the highest added value is the one that is built according to investor requirements."
VIAINVEST is a part of the alternative financial services provider VIA SMS Group, operating its daughter companies and brands in Latvia, Sweden, Poland, Czech Republic and Spain. VIA SMS Group has built a diversified product portfolio that includes consumer lending and savings products, payment card SAVA.card as well as peer to peer lending platform VIAINVEST.
To help investors closely monitor transactions, current balance and future prospects in their Investor Account, we have recently modified existing indicators as well as added new one.
If previously you were able to see the amount of paid interest under the Earnings to Date indicator, then now we have structured earned interest into two separate indicators. Now updated Investor Account dashboard will provide you the information about the Paid Interest - earned and paid out interest to date - and Accumulated Interest - cumulative interest due and not yet paid. Accumulated Interest helps to calculate how much funds investor will have earned when the interest is paid out. These indicators are displayed both in % and EUR.
To make your account transactions more transparent, we have also updated Net Annual Return (NAR) indicator. Until now in calculation of the NAR indicator only paid amount of interest was used, but updated version of NAR will provide an opportunity to see both the amount of interest paid and the total amount of earned interest (%).
Find out more in your Investor Account.
We are excited to announce new update - to offer diversified investment opportunities, VIAINVEST has recently expanded its portfolio with loans originated in Spain. From now on You will be able to invest in short-term consumer loans in Spain originated by VIACONTO.es. All recently added loans are secured with a Buyback Guarantee and offer investors 11,2% Net Annual Return. Go to your Investor Profile and explore wide investment opportunities!
It seems like a good idea to talk fintech on Thursday! Take a look at how we took VIAINVEST public on early Thursday evening covering topics, such as how the platform functions and what benefits are offered to our investors. Special thanks to amazing Mike Baliman from London Fintech Podcast who spiced the event up with some insight on how fintech and P2P lending is taking over the finance world. Enjoy!
The launch of new peer-to-peer lending platform VIAINVEST once again proves the continuous growth and significance of the alternative finance and peer-to-peer lending industry. VIAINVEST is a peer-to-peer marketplace for both private and legal entities offering to invest into consumer loans originating from non-banking lenders. Unlike other P2P platforms, all loan agreements available for investment within the VIAINVEST are secured with a buyback guarantee.
Eduards Lapkovskis, Member of the Board:"By launching VIAINVEST we aim to ensure easy-to-use peer-to-peer lending marketplace that offers secure and transparent investment opporunities. Our priority is to focus on the needs of each investor despite their level of experience. One of our main concerns is investment security, so all loans currently available for investment are secured with buyback guarantee. This also allows less confident investors to invest their funds safely. Peer-to-peer lending is another tool that helps to educate society on well-considered and responsible behavior, so our VIAINVEST investor support team is ready to adress all related issues at any time."
Loans available for investment on VIAINVEST are originated by VIA SMS group and it's daughter companies across Europe, so investors are able to create diversified and secured investment portfolios. Currently loans offered for investment on VIAINVEST are issued in Czech Republic with EUR 290 of the average amount of the loan. Total amount of these loans in first 6 months of VIAINVEST operations will reach 3 millions EUR. Maturity of listed loans are up to 30 days helping guarantee short term return on investment with 12% annual interest rate. VIAINVEST offers private investors access to the non-banking lending sector.
"We are planning to develop continuously by regularly expanding the list loan originators and become one of the leading peer-to-peer lending platforms in the Baltic states. Shortly we are planning to offer our clients to invest in loans originated in Spain with total amount that will reach 2,4 million EUR in first six months of VIAINVEST operations. It will also be followed by other countries," says Eduards.
VIAINVEST is a part of the VIA SMS Group operating it's brands in Latvia, Sweden, Poland, Czech Republic and Spain.