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Viainvest Review


rating

Earn on average 11% interest per year.
Your investment is secured by a 30-day buyback guarantee.


Highlights

  • Invest in short-term loans
  • Automate your portolio with Auto Invest
  • High liquidity due to short-term loans
  • Earn up to 11% interest per year

Rating

Risk & Return35 stars
Usability35 stars
Liquidity35 stars
Support4 stars

FEATURES


Buyback GuaranteeYes, in 30 days
Auto InvestYes
Secondary MarketNo
CashbackNo
PromotionsNo

DIVERSIFICATION


Min. Investment€ 10
Countries5
Loan Originators6
Currencies1
Loan Period1 - 24 months
Interest8% - 11%

PROS & CONS


  • 30 day buyback guarantee
  • 5% Skin in the Game (LO)
  • 0% Fees
  • Limited Diversification
  • Withholding Tax
  • Cash drag

Viainvest Review

Viainvest is a Latvian Peer to Peer (P2P) lending platform that lists unsecured personal and business loans backed by a buyback guarantee. Investors can earn up to 11% interest annually. Low availability of loans, however, often leads to cash drag which lowers investors’ returns. Find out more about this platform in our Viainvest review below.

viainvest review

Viainvest in Numbers

It’s always good practice to have a look at the platform's statistics before investing. If you can’t find any stats, it probably means that the platform isn’t transparent with their numbers which could be a potential red flag. That is, however, not the case with Viainvest, who have been very willing to share all stats besides their investors’ earnings.

Have a look at Vianvest’s latest numbers below:

Viainvest Statistics
Founded in:2016
Investors' earnings:-
Total loan value:+ €90 M
Number of investors:+13,700
Loss of investors' money:> 0%
Average portfolio size:€ 4,127
Latest financial reportReport for 2018

As you can see, Viainvest has attracted more than 13,000 investors, which is an impressive number. We can also see that the average portfolio size is more than €4,000, which is higher than on many other platforms such as Fast Invest or Monethera. This means that investors on Viainvest aren’t afraid to invest higher amounts of money.

When we reached out to Viainvest to gather the total amount of earned interest by their investors, the platform would not disclose this information.

We believe that P2P lending platforms should be as transparent as possible. Not disclosing this information to actual investors is something that should be considered when comparing P2P lending platforms.

Viainvest Promo Code

Many P2P lending platforms offer sign up bonuses or cashback for new investors. This is usually a small amount that is added to investors’ accounts. Viainvest currently does not offer any promo code or sign up bonus for new investors. If Viainvest changes this policy and provides us with a special promo code, we will certainly update this Viainvest review.

Many P2P lending platforms offer sign up bonuses or cashback for new investors. This is usually a small amount that is added to investors’ accounts. Viainvest currently does not offer any promo code or sign up bonus for new investors. If Viainvest changes this policy and provides us with a special promo code, we will certainly update this Viainvest review.

Viainvest’s New User Requirements

All European investors that are over 18 years old can register on Viainvest. They must, however, be able to transfer funds from a European bank account that has been opened in their name.

The minimum investment amount on Viainvest is currently only €10 and you can use SEPA transfers to deposit funds to your Viainvest investor account.

Please note that the bank transfer to your bank account might take up to two days. Make sure to upload a copy of your ID in compliance with the KYC (know your customer) regulations. This is especially important when withdrawing money from Viainvest.

Viainvest also gives you the choice to register as a business, if that’s something you are looking for.

Risk and Return

It is extremely important to be aware of the risks that come with investing on a particular P2P lending platform. As an investor, you should be aware of the protection scheme for your investment.

Unsecured Short-Term Loans

On Viainvest you’re primarily investing in unsecured short-term loans that are backed by a 30-day buyback guarantee and you can expect to gain interest of up to 11% per year. At the time of the creation of this Viainvest review, there were no available loans to invest in.

viainvest loan originators

All the listed personal loans on Viainvest are from sub-companies of the Viainvest Group. The P2P lending platform is, therefore, an efficient way to finance those loans. Bondora, Robocash or Twino follow a very similar business model.

Business Loans

Lately, Viainvest also started listing business loans that are, however, not secured by the buyback guarantee. When reading the project description of the only business loan that’s currently listed on Viainvest, we could not find any information about the collateral.

viainvest business loans

Business loans on Viainvest seem to come with an additional bonus that might be paid to investors at the end of the loan period, should the project exceed the expected sales amount.

As an investor, you should not be influenced by a potential promise of a bonus in 24 months in case the expected sales amount exceeds the planned capitalization rate. For most investors, this compensation model only adds more complexity when evaluating the risk of P2P investments.

Cash Drag and Diversification Issues

Cash drag is a very common issue within the P2P lending industry. Many platforms - such as Robocash, Twino or even Mintos - struggle to list enough available loans on their P2P lending sites to meet the high demand from investors. This is a problem because, if there aren’t any available loans, you cannot invest and earn interest. Viainvest is one of the platforms where investors can experience a temporary cash drag.

Even though Viainvest allows you to diversify across five countries, due to the low availability of loans, you might find yourself in a position where you won’t be able to achieve proper diversification. If that’s the case, you can look at the current diversification options with PeerBerry or Mintos.

Tax Deductions

Viainvest is one of the few P2P lending platforms that automatically deducts tax from their investors’ capital gains. Most other platforms provide investors with an income statement which is used as an attachment for their annual tax report so that they pay tax on income from P2P investments in the country of their tax residency.

viainvest tax

Viainvest’s automation of tax deduction tends to only add complexity to your investing. For example, if you want to avoid the taxation of your investments in other countries and the possibility of being hit with double taxation in your own country, you need to submit a tax certificate.

Furthermore, the implementation of this rule means that investors who want to invest in loans from the Czech Republic or Spain will be taxed even if they provided a tax certificate. In this scenario, Viainvest is referring to local laws and regulations for income generated within those countries.

Also note that withholding tax is naturally lowering your returns on Viainvest. It will become even more complex if you invest on various platforms that follow different regulations.

This taxation rule is unique to Viainvest, so if you want to avoid it, we’d suggest you have a look at other platforms such as Mintosor PeerBerry.

Is Viainvest Safe?

Investing in Viainvest comes with certain risks. You, as an investor, are funding unsecured loans.
The platform does, however, have a protection scheme. In the event where the borrower is more than 30 days late with their payments, Viainvest will buy back your claim against the borrower alongside the accrued interest. This is the same protection scheme that Robocash offer.

Remember, you can lower your risk by diversifying your portfolio across multiple platforms.

Usability of this P2P Lending Platform

The tax deduction issues are something you should keep in mind when investing on Viainvest. If we don’t take the cash drag issues into account, the platform consists of useful and basic features that you might already be familiar with if you invest on other P2P lending sites.

You can either invest in available loans manually or automate your investments based on your preferences.

Auto Invest

This platform’s Auto Invest tool is a great feature that most P2P investors are well aware of. Setting up your Auto Invest on Viainvest is very simple and it will only take you a few minutes. You can choose between various settings that should be aligned with your investment strategy.

viainvest autoinvest

This platform’s Auto Invest tool is a great feature that most P2P investors are well aware of. Setting up your Auto Invest on Viainvest is very simple and it will only take you a few minutes. You can choose between various settings that should be aligned with your investment strategy.

As soon as you confirm the loan agreement and save your Auto Invest, Viainvest will automatically invest your funds in currently available loans that match your criteria.

Liquidity Rates on Viainvest

In case you want to withdraw your money from Viainvest, you’ll need to wait until the end of the investment period as there is currently no secondary market where you can sell your investment. Most of the short-term loans do, however, have a loan period of about 30 days and so you will be able to access most of your investments within that period.

If liquidity is important to you, we suggest that you have a look at platforms that offer a secondary market or other options to withdraw your money at any time. Products such as Mintos’ Invest and Access or Bondora's Go and Grow tool might be good alternatives for you.

Viainvest’s Customer Support

Viainvest’s customer support is very responsive; whenever we’ve contacted them we’ve received an answer within a few hours. You can reach the customer support team via their website’s live chat or by sending them an email on support@viainvest.com. You can also give them a call on +371 66102939 during weekdays from 8 am to 5 pm (Fridays until 4 pm).

Viainvest Review Summary

Viainvest has been around for quite some time now. With over 13,700 investors, Viainvest isn’t a small P2P lending site. Investing in short-term loans with interest over 10% per year as well as a 30-day buyback guarantee is going to help keep your portfolio liquid, in case there are enough loans to invest in.

If you want to invest in higher-risk business loans, have a look at the offers from Flender or Crowdestor. Viainvest struggles with the same issues that its competitors - such as Swaper,Robocash or Twino - face. The availability of loans is a key reason that helps users differentiate between P2P lending platforms and work out if they’re a good fit or not.

We suggest that you have a look at the current availability of loans before you deposit your funds on Viainvest. If there aren’t any loans available, it’s probably better to invest elsewhere for the time being.

We will track Viainvest’s offers and update this review accordingly.

Think this is the platform for you?

FAQ

How is my investment on Viainvest protected?

Your investment on Viainvest is protected by a 30-day buyback guarantee. In case the borrower is late with their loan payment, Viainvestwill repurchase your claim for the outstanding amount with the accrued interest.

What’s the minimum investment amount?

The minimum investment amount on Viainvest is only €10 which allows you to diversify your portfolio across a high number of loans.

Is there a secondary market on Viainvest?

There is no secondary market on Viainvest at the moment. You can only withdraw your uninvested funds, wait until the end of the loan period or hold out for the activation of the buyback guarantee and hope your claim is repurchased.

Does Viainvest offer an Auto Invest feature?

Yes, Viainvest offers the possibility to automate your investment based on your preferences and financial goals. Do note, however, that the Auto Invest feature only works when there are enough available loans that match your criteria.

Company Information
Company:Viainvest SIA
Address:13. janvara iela 3, LV-1050, Riga, Latvia
Phone:+371 6610 2939
Email:info@viainvest.com
Live Chat:yes
Opening Hours:Weekdays from 8AM to 5PM
Social Media:Facebook, Twitter, LinkedIn, YouTube