As an investor in Viainvest, you sailed through the Corona flash crash in March 2020 with ease! Even the Ukraine conflict in 2022 had little impact on the platform.
As a result, investors’ accounts are protected by the investor compensation system in Latvia with up to EUR 20,000 in the event of the platform’s insolvency or misappropriation of investor funds. Possible defaults by lenders are not covered though.
I have invested small stakes in both Peerberry and Mintos to start off with but would appreciate your thoughts on the following two questions:
PeerBerry handled this exceptionally difficult situation very professional and committed to a long term solution by repaying delayed investments one by one. I will stick with PeerBerry in the future, because your handling of recent difficulties was professional and convincing.
Part of our testing period overlapped with the ongoing repayment of Ukraine-affected loans from the 2022 crisis. This gave us the opportunity to observe how PeerBerry managed this significant challenge:
It would have been more honest to lower the interest to a point where investors pull out money and they reach a market equilibrium. How, everyone has to constantly work: some to manually invest in loans every morning, some to pull out money every week to avoid the cash drag.
In the recent past, P2P platforms have had to overcome several crisis situations. These included the coronavirus pandemic and the war in Ukraine. How did Viainvest deal with these situations?
According to my Viainvest review, the Latvian P2P platform is one of the most stable in the market. I’ve been invested here since 2017, and there have been some turbulent times since then, but they were managed successfully.
Throughout the process of due diligence, investors should also have a look at the business model of a P2P platform as well as the overall financial situation.
First of all, you should know that all lenders on Viainvest belong to its own parent company, the VIA SMS Group. Having no external lenders to deal with means a significantly bigger control that can be exercised with regard to the risk management of the lenders.
We appreciate your positive feedback regarding repayments of war-affected loans. Over the course of the 24 months of conflict, PeerBerry partners have diligently repaid investors a remarkable EUR 47.
With a potential return of up to 10 percent, supported by solid credit management, PeerBerry’s p2p loans are a compelling choice compared to other investments. The Auto Invest feature allows you to automatically spread your investments across many loans.
Viainvest has recently lost a lot of its reputation due to technical glitches and the switch to IBF-compliant asset-backed securities
Yes, the P2P platform offers a buyback guarantee. If the borrower is 60 days overdue with their payment, the loans, along with the accrued interest peerberry up to that point, will be repaid.