Viventor Review: A closer look at one of the most interesting peer to peer lending platforms available in Europe
Are you looking for a peer to peer platform with above-average interest rates to invest in? In this Viventor review, we discuss why this platform may be a great option for you, especially if you are looking to diversify your portfolio.
Viventor is a peer-to-peer platform that has been in operation since 2015. It connects investors from Europe to borrowers in a single marketplace, thereby reducing costs and offering more flexibility. The platform currently has more than 5,597 investors who have cumulatively invested over 80 million Euros. The platform offers loans that have been pre-funded by the originators who also have to keep at least 5% part of the loan (skin in the game) to show commitment.
Viventor currently works with over 15 loan originators in Lithuania, Poland, Spain, Bulgaria and Kenya. A big chunk of the loans is in Lithuania. The platform offers up to 16% return per year and claims to have lost 0 Euros since starting its operations.
Viventor has now become a Dutch owned peer to peer (P2P) loan investment platform which clearly exceeds the status of a start-up. In June, 2020, Lotus 597 B.V., a Dutch Investment company, part of the Gielen Group that also owns Atlantis Financiers NV, has obtained 100% of the SIA ViVentor shares from the Prestamos Prima Group, which had been invested in by international investor Oleg Boyko in 2016. Lotus 597 belongs to the Gielen Group from the Netherlands and is responsible for investing in promising FinTech start-ups and scale-ups.
Opening an account on Viventor
The registration process on the platform has steps; basic information, personal details and verification.
In the first step, the form requires you to fill in details such as your name, a working email and phone number, and then set a password for your account. An activation URL is sent to your email immediately after this step. Verify your email address by following the link.
The second step requires you to fill in your ID number, country of residence, physical address and area of occupation. The last step is uploading verification details, ID or passport and a utility service bill assigned to the address you used in your registration. Verification may take from few hours up to 2 working days. The process is simple and should take less than 5 minutes to complete.
How to invest in Viventor
After verification, you need to add funds to your Viventor account to start investing. The first deposit must be through a personal bank account within the European Economic area and should be £50 minimum. In subsequent deposits, you can use other money transfer services such as PaySera, TransferWise and Skrill.
To invest select ‘Investments’ on the top menu to access the available loans, you can then choose the primary market or secondary market. The platform displays loan details including the originator, loan type, interest rate, loan amount and loan term.
The secondary market only lets you set a maximum of 1% premium on loans you want to sell.
Types of Investments available at Viventor
The platform specializes in consumer and personal loans, in fact, more than 80% of the outstanding loans as of December 2018 were consumer loans. There are six different types of loans to choose from;
- Mortgage-backed loan – these are loans backed by property as a guarantee.
- Business loan
- Line credit
- Invoice financing
- Consumer loans
- Pawn broking loan
Here are some examples:
Viventor Auto Invest Tool
The platform also offers an auto invest tool for investors who would like a more hands-free experience. You can set the auto invest tool to choose loans based on custom preferences such as loan originator, country, interest rate, loan term, loan type, buyback guarantee and maximum LTV ratio.
You can also set the maximum amount invested in one loan to ensure diversification of your portfolio. The auto invest tool reinvests funds until it reaches the set limit.
Also, the Viventor auto invest tool is only available in the primary market. You can delete, deactivate it or use it together with manual investing.
Here is an example of how you can tweak your auto-invest settings:
How much can you earn on Viventor
The platform offers up to 16% interest per year with most loans having between 12% – 14%. According to investor distribution by annual yield statistics on the site, about 50% of all investments earn between 12% and 13% with over 11% of all investments earning 15%+ interest.
The Viventor secondary market is free but you can only sell loans at 1% premium or discount. The platform does not charge any fees on any of its services, however, bank commissions may apply on withdrawal or depositing funds. The income you earn is also subject to taxes in your country of residence.
Who can invest in Viventor?
The platform is open to both company and individual investors. Individual investors must be at least 18 years old, have a bank account within the European Economic area and must provide a copy of identification documents.
- Good interest rates, up to 16%
- Buyback guarantee includes interest payments
- The user interface is easy to use
- Few short term loans
- No preview of active loans until account verification is done
Viventor is a great platform compared to its competitors, it offers interesting returns and a vibrant secondary market. It has thousands of loans available and dozens of loan originators so it is not likely that your funds will sit idle for long.
The platform’s buyback guarantee covers interest payments and late fee which is a win for the investors. The site has a great design and is easy to use making it suitable for both new investors and experienced investors looking for diversity.
Other Crowd Investing Resources
For those looking for other similar peer to peer platforms to invest, you may want to read some of our other reviews. There are many peer to peer lending and investing platforms currently available, and you can diversify your interest income by using several of them simultaneously.
You can consider some other peer to peer companies checking our Mintos Review and our Grupeer Review. Check our post on the best peer 2 peer lending platforms in Europe, and the best real estate crowdfunding platforms in Europe.
Are you already investing in Viventor or in any other peer to peer lending platform? Leave your thoughts and questions about this Viventor review below.